Company Registration No. 08278598 (England and Wales)
TDS (Lincoln) Ltd
Unaudited accounts
for the year ended 30 November 2023
TDS (Lincoln) Ltd
Unaudited accounts
Contents
TDS (Lincoln) Ltd
Company Information
for the year ended 30 November 2023
Company Number
08278598 (England and Wales)
Registered Office
2 Daniel Crescent
Heighington
Lincoln
LINCOLNSHIRE
LN4 1QT
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
TDS (Lincoln) Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
3,960
5,292
Cash at bank and in hand
226
331
Creditors: amounts falling due within one year
(10,136)
(4,700)
Net current liabilities
(6,100)
(1,379)
Total assets less current liabilities
(2,140)
3,913
Creditors: amounts falling due after more than one year
-
(1,826)
Net (liabilities)/assets
(2,140)
2,087
Called up share capital
1
1
Capital contribution reserve
7,000
7,000
Profit and loss account
(9,141)
(4,914)
Shareholders' funds
(2,140)
2,087
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 April 2024 and were signed on its behalf by
David Murray
Director
Company Registration No. 08278598
TDS (Lincoln) Ltd
Notes to the Accounts
for the year ended 30 November 2023
TDS (Lincoln) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08278598. The registered office is 2 Daniel Crescent, Heighington, Lincoln, LINCOLNSHIRE, LN4 1QT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Computer equipment
33% Straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
TDS (Lincoln) Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2022
28,281
586
28,867
At 30 November 2023
28,281
586
28,867
At 1 December 2022
23,096
479
23,575
Charge for the year
1,296
36
1,332
At 30 November 2023
24,392
515
24,907
At 30 November 2023
3,889
71
3,960
At 30 November 2022
5,185
107
5,292
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,298
2,967
Loans from directors
3,787
22
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
1,826
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Capital contribution reserve
The director/shareholder is continuing to support the business and will not withdraw the capital contribution until positive cashflow is achieved
TDS (Lincoln) Ltd
Notes to the Accounts
for the year ended 30 November 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).