Registered number
10951975
Tsam Wolverhampton Limited
Filleted Accounts
30 September 2023
Tsam Wolverhampton Limited
Registered number: 10951975
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 15,379 17,973
Current assets
Stocks 2,900 2,900
Debtors 4 - 1,646
Cash at bank and in hand 1,438 3,023
4,338 7,569
Creditors: amounts falling due within one year 5 (7,017) (5,868)
Net current (liabilities)/assets (2,679) 1,701
Total assets less current liabilities 12,700 19,674
Creditors: amounts falling due after more than one year 6 (29,310) (34,030)
Net liabilities (16,610) (14,356)
Capital and reserves
Called up share capital 1 1
Profit and loss account (16,611) (14,357)
Shareholders' funds (16,610) (14,356)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rajinder Singh Sanghera
Director
Approved by the board on 29 July 2024
Tsam Wolverhampton Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 20% reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 30,516 3,155 33,671
Additions 216 - 216
At 30 September 2023 30,732 3,155 33,887
Depreciation
At 1 October 2022 14,158 1,540 15,698
Charge for the year 2,487 323 2,810
At 30 September 2023 16,645 1,863 18,508
Net book value
At 30 September 2023 14,087 1,292 15,379
At 30 September 2022 16,358 1,615 17,973
4 Debtors 2023 2022
£ £
Director account debit balance - 1,646
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 547 3,634
Taxation and social security costs 508 135
Director's account 4,863 -
Other creditors 1,099 2,099
7,017 5,868
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,310 34,030
7 Other information
Tsam Wolverhampton Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Charterfield Drive
Kingswinford
West Midlands
DY6 7SH
8 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
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