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Registered number: 13733637
TSO UK Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Lloyd Richards Ltd
Eaton House Stoke Prior Lane
Leominster
Herefordshire
HR6 0NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13733637
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,278 1,215
18,278 1,215
CURRENT ASSETS
Stocks 5 450 6,800
Debtors 6 22,932 5,915
Cash at bank and in hand 104,410 32,288
127,792 45,003
Creditors: Amounts Falling Due Within One Year 7 (46,025 ) (16,055 )
NET CURRENT ASSETS (LIABILITIES) 81,767 28,948
TOTAL ASSETS LESS CURRENT LIABILITIES 100,045 30,163
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,570 ) (231 )
NET ASSETS 95,475 29,932
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 95,375 29,832
SHAREHOLDERS' FUNDS 95,475 29,932
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Page 2
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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Smale
Director
15/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TSO UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13733637 . The registered office is Eaton House, Stoke Prior Lane, Leominster, Herefordshire, HR6 0NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts and adjusted if necessary for accrued or deferred income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% S/L
Computer Equipment 33.33% S/L
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes direct costs only. 
2.5. Taxation
Corporation Tax expense represents the sum of the tax currently payable and deferred tax.
Corporation tax is based on the trading profit of the period reported upon adjusted for disallowed items, capital allowances and any utilised losses.
Deeferred tax is provided at the rate of Corporation Tax prevailing at the balance sheet date in the event of the companiy's assets net book value exceeding their written-down value for tax purposes.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
30 November 2023 30 November 2022
Office and administration 2 1
Sales, marketing and distribution 2 2
4 3
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4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 1,250 - 1,250
Additions 15,823 2,980 18,803
As at 30 November 2023 17,073 2,980 20,053
Depreciation
As at 1 December 2022 35 - 35
Provided during the period 1,657 83 1,740
As at 30 November 2023 1,692 83 1,775
Net Book Value
As at 30 November 2023 15,381 2,897 18,278
As at 1 December 2022 1,215 - 1,215
5. Stocks
30 November 2023 30 November 2022
£ £
Stock 450 -
Finished goods - 6,800
450 6,800
6. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors - 1,497
Prepayments and accrued income 17,822 4,418
Other debtors 100 -
Amounts owed by associates 5,010 -
22,932 5,915
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7. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Trade creditors 1,937 2,218
Corporation tax 16,609 6,808
VAT 18,490 2,777
Net wages - 227
Accruals and deferred income 1,200 3,369
Directors' loan accounts 7,789 332
Amounts owed to associates - 324
46,025 16,055
8. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr John Smale by virtue of his ownership of 100% of the issued share capital in the company.
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