Company Registration No. 11201312 (England and Wales)
TXL Group Limited
Unaudited accounts
for the year ended 31 March 2023
TXL Group Limited
Unaudited accounts
Contents
TXL Group Limited
Company Information
for the year ended 31 March 2023
Directors
Michael James Edward Simmonds
James Dominic Rupert Holmes
Company Number
11201312 (England and Wales)
Registered Office
35 Ballards Lane
London
N3 1XW
England
Accountants
Elisabeth Lobb
19 Brougham Lane
Pease Pottage
West Sussex
RH11 9GP
TXL Group Limited
Accountants' report
Accountants' report to the board of directors of TXL Group Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TXL Group Limited for the year ended
31 March 2023 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TXL Group Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TXL Group Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TXL Group Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TXL Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TXL Group Limited. You consider that TXL Group Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TXL Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Elisabeth Lobb
19 Brougham Lane
Pease Pottage
West Sussex
RH11 9GP
23 April 2024
TXL Group Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
14
(43)
Creditors: amounts falling due within one year
(224,271)
(215,101)
Net current liabilities
(78,617)
(77,104)
Total assets less current liabilities
(78,616)
(77,103)
Creditors: amounts falling due after more than one year
(266,470)
(266,443)
Net liabilities
(345,086)
(343,546)
Called up share capital
10,000
10,000
Profit and loss account
(355,086)
(353,546)
Shareholders' funds
(345,086)
(343,546)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
Michael James Edward Simmonds
Director
Company Registration No. 11201312
TXL Group Limited
Notes to the Accounts
for the year ended 31 March 2023
TXL Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11201312. The registered office is 35 Ballards Lane, London, N3 1XW, England.
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.
4
Investments
Subsidiary undertakings
Valuation at 1 April 2022
1
Valuation at 31 March 2023
1
Amounts falling due within one year
Other debtors
145,640
138,040
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
7,513
13,113
Other creditors
198,334
198,388
Loans from directors
14,824
-
Deferred income
3,600
3,600
7
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
266,470
266,443
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).