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REGISTERED NUMBER: 09337663 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

TUS (Lincs) Limited

TUS (Lincs) Limited (Registered number: 09337663)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TUS (Lincs) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P S Wright





REGISTERED OFFICE: Suite 2 Chancery Court
34 West Street
Retford
DN22 6ES





REGISTERED NUMBER: 09337663 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
TUS (Lincs) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TUS (Lincs) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of TUS (Lincs) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TUS (Lincs) Limited and state those matters that we have agreed to state to the director of TUS (Lincs) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TUS (Lincs) Limited and its director for our work or for this report.

It is your duty to ensure that TUS (Lincs) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TUS (Lincs) Limited. You consider that TUS (Lincs) 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 financial statements of TUS (Lincs) 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 financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


5 March 2024

TUS (Lincs) Limited (Registered number: 09337663)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,667 3,391

CURRENT ASSETS
Debtors 5 41,995 22,346
Cash at bank 35,970 75,668
77,965 98,014
CREDITORS
Amounts falling due within one year 6 29,162 22,609
NET CURRENT ASSETS 48,803 75,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,470

78,796

CREDITORS
Amounts falling due after more than one
year

7

(45,309

)

-

PROVISIONS FOR LIABILITIES (2,391 ) (644 )
NET ASSETS 53,770 78,152

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,670 78,052
SHAREHOLDERS' FUNDS 53,770 78,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:





P S Wright - Director


TUS (Lincs) Limited (Registered number: 09337663)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TUS (Lincs) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TUS (Lincs) Limited (Registered number: 09337663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 517 - 6,252 6,769
Additions - 53,246 267 53,513
At 31 December 2023 517 53,246 6,519 60,282
DEPRECIATION
At 1 January 2023 164 - 3,214 3,378
Charge for year 103 3,355 779 4,237
At 31 December 2023 267 3,355 3,993 7,615
NET BOOK VALUE
At 31 December 2023 250 49,891 2,526 52,667
At 31 December 2022 353 - 3,038 3,391

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 53,246
At 31 December 2023 53,246
DEPRECIATION
Charge for year 3,355
At 31 December 2023 3,355
NET BOOK VALUE
At 31 December 2023 49,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185 490
Other debtors 41,810 21,856
41,995 22,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 6,865 -
Trade creditors 208 -
Taxation and social security 19,958 20,812
Other creditors 2,131 1,797
29,162 22,609

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 45,309 -

TUS (Lincs) Limited (Registered number: 09337663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 13,428 -
Between one and five years 56,285 -
69,713 -

Finance charges repayable:
Within one year 6,563 -
Between one and five years 10,976 -
17,539 -

Net obligations repayable:
Within one year 6,865 -
Between one and five years 45,309 -
52,174 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year - 12,074
Between one and five years - 5,031
- 17,105