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
Tailored AV Limited
Company Information
for the year ended 29 February 2024
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
Tailored AV Limited
Statement of financial position
as at 29 February 2024
Tangible assets
92,388
114,446
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
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
Tailored AV Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
At 29 February 2024
63,498
84,681
75,715
223,894
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
At 29 February 2024
29,209
32,938
30,241
92,388
At 28 February 2023
38,945
43,917
31,584
114,446
Tailored AV Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
160,457
151,794
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,692
21,758
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)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,590
30,348
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).