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Company Registration No. 08404126 (England and Wales)
Tailored AV Limited Unaudited accounts for the year ended 29 February 2024
Tailored AV Limited Unaudited accounts Contents
Page
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Tailored AV Limited Company Information for the year ended 29 February 2024
Director
Nicholas Leigh
Company Number
08404126 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Tailored AV Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,388 
114,446 
Current assets
Debtors
169,743 
151,794 
Creditors: amounts falling due within one year
(310,679)
(196,816)
Net current liabilities
(140,936)
(45,022)
Total assets less current liabilities
(48,548)
69,424 
Creditors: amounts falling due after more than one year
(3,590)
(69,393)
Net (liabilities)/assets
(52,138)
31 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(52,140)
29 
Shareholders' funds
(52,138)
31 
For the year ending 29 February 2024 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 30 April 2024 and were signed on its behalf by
Nicholas Leigh Director Company Registration No. 08404126
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Tailored AV Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Tailored AV Limited is a private company, limited by shares, registered in England and Wales, registration number 08404126. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
63,498 
84,681 
68,997 
217,176 
Additions
- 
- 
6,718 
6,718 
At 29 February 2024
63,498 
84,681 
75,715 
223,894 
Depreciation
At 1 March 2023
24,553 
40,764 
37,413 
102,730 
Charge for the year
9,736 
10,979 
8,061 
28,776 
At 29 February 2024
34,289 
51,743 
45,474 
131,506 
Net book value
At 29 February 2024
29,209 
32,938 
30,241 
92,388 
At 28 February 2023
38,945 
43,917 
31,584 
114,446 
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Tailored AV Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
160,457 
151,794 
Other debtors
9,286 
- 
169,743 
151,794 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
30,692 
21,758 
VAT
34,382 
28,234 
Trade creditors
6,882 
2,045 
Amounts owed to group undertakings and other participating interests
172,702 
147,157 
Taxes and social security
3,600 
5,120 
Other creditors
58,500 
42,758 
Loans from directors
- 
(53,700)
Accruals
3,921 
3,444 
310,679 
196,816 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
39,045 
Obligations under finance leases and hire purchase contracts
3,590 
30,348 
3,590 
69,393 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Nicholas Leigh
Director Loan Account
53,700 
(69,788)
(25,374)
9,286 
53,700 
(69,788)
(25,374)
9,286 
9
Average number of employees
During the year the average number of employees was 3 (2023: 6).
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