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No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2021 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
04159706
2023-01-01
2023-12-31
04159706
2023-12-31
04159706
2022-01-01
2022-12-31
04159706
2022-12-31
04159706
core:FurnitureFittings
2023-01-01
2023-12-31
04159706
bus:Director1
2023-01-01
2023-12-31
04159706
core:FurnitureFittings
2023-12-31
04159706
core:WithinOneYear
2023-12-31
04159706
core:WithinOneYear
2022-12-31
04159706
core:ShareCapital
2023-12-31
04159706
core:ShareCapital
2022-12-31
04159706
core:RetainedEarningsAccumulatedLosses
2023-12-31
04159706
core:RetainedEarningsAccumulatedLosses
2022-12-31
04159706
bus:SmallEntities
2023-01-01
2023-12-31
04159706
bus:AuditExempt-NoAccountantsReport
2023-01-01
2023-12-31
04159706
bus:FullAccounts
2023-01-01
2023-12-31
04159706
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
04159706
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
04159706
core:OfficeEquipment
2023-01-01
2023-12-31
04159706
core:OfficeEquipment
2023-12-31
COMPANY REGISTRATION NUMBER:
04159706
Ticket & Labeling Solutions UK Ltd |
|
Filleted Unaudited Accounts |
|
Ticket & Labeling Solutions UK Ltd |
|
Statement of Financial Position |
|
31 December 2023
Current assets
Stocks |
15,335 |
|
82,418 |
Debtors |
6 |
125,080 |
|
356,525 |
Cash at bank and in hand |
120,919 |
|
153,053 |
|
--------- |
|
--------- |
|
261,334 |
|
591,996 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
74,913) |
|
(
332,556) |
|
--------- |
|
--------- |
Net current assets |
|
186,421 |
259,440 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
186,421 |
259,440 |
|
|
|
|
|
Provisions
Other provisions |
|
(
7,617) |
(
6,425) |
|
|
--------- |
--------- |
Net assets |
|
178,804 |
253,015 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
178,704 |
252,915 |
|
|
--------- |
--------- |
Shareholder funds |
|
178,804 |
253,015 |
|
|
--------- |
--------- |
|
|
|
|
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
Ticket & Labeling Solutions UK Ltd |
|
Statement of Financial Position (continued) |
|
31 December 2023
These accounts were approved by the
board of directors
and authorised for issue on
17 April 2024
, and are signed on behalf of the board by:
Company registration number:
04159706
Ticket & Labeling Solutions UK Ltd |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Robert Denholm House, Suite 1, Bletchingley Road, Nutfield, Surrey, RH1 4HW, United Kingdom.
2.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Dividends paid
Dividends paid are included in the company financial statements in the period in which the related dividends are actually paid.
Going concern
In the opinion of the director the company is a going concern as it has the financial resources to enable it to meet its ongoing liabilities as they fall due and the accounts are prepared on this basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Revenue recognition
Turnover shown in the profit and loss account represents amounts receivable from sale of printers, tickets, spare parts and other goods. Turnover is recognised when goods are delivered to the client and in this point, sales invoice is issued by the company. Turnover represents amounts exclusive of discounts, provisions and VAT.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures & Fittings |
- |
25% straight line |
|
Equipment |
- |
33% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2023 and 31 December 2023 |
1,351 |
844 |
2,195 |
|
------- |
---- |
------- |
Depreciation |
|
|
|
At 1 January 2023 and 31 December 2023 |
1,351 |
844 |
2,195 |
|
------- |
---- |
------- |
Carrying amount |
|
|
|
At 31 December 2023 |
– |
– |
– |
|
------- |
---- |
------- |
At 31 December 2022 |
– |
– |
– |
|
------- |
---- |
------- |
|
|
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
115,030 |
337,219 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
– |
13,404 |
Other debtors |
10,050 |
5,902 |
|
--------- |
--------- |
|
125,080 |
356,525 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
2,334 |
6,979 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
295,693 |
Corporation tax |
37,250 |
20,959 |
Social security and other taxes |
18,758 |
3,092 |
Other creditors |
16,571 |
5,833 |
|
-------- |
--------- |
|
74,913 |
332,556 |
|
-------- |
--------- |
|
|
|
8.
Related party transactions
The company has applied the exemption granted by paragraph 33 of FRS 102 Related Party Disclosures not to disclose transactions with the parent company or other 100% owned subsidiaries within the group on the basis that it is also a wholly owned subsidiary. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
9.
Controlling party
The immediate parent company, throughout the current and previous year, has been
Ticket & Labeling Solutions Beheer BV
. The ultimate parent company has been Ticket & Labeling Solutions Holding BV
. Both companies are incorporated in Holland. There is no ultimate controlling party.