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REGISTERED NUMBER: 08911481 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TSI WORLD LIMITED

TSI WORLD LIMITED (REGISTERED NUMBER: 08911481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TSI WORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G A D Bower





REGISTERED OFFICE: Second Floor
Windsor House
40/41 Great Castle Street
London
London
W1W 8LU





REGISTERED NUMBER: 08911481 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

TSI WORLD LIMITED (REGISTERED NUMBER: 08911481)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 12,761 25,520
Tangible assets 5 23,088 17,554
35,849 43,074

CURRENT ASSETS
Debtors 6 522,864 511,954
Cash at bank 45,469 12,259
568,333 524,213
CREDITORS
Amounts falling due within one year 7 (522,334 ) (467,989 )
NET CURRENT ASSETS 45,999 56,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,848

99,298

CREDITORS
Amounts falling due after more than one
year

8

(42,430

)

(57,401

)
NET ASSETS 39,418 41,897

CAPITAL AND RESERVES
Called up share capital 310,352 310,352
Share premium 4,787 4,787
Retained earnings (275,721 ) (273,242 )
SHAREHOLDERS' FUNDS 39,418 41,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TSI WORLD LIMITED (REGISTERED NUMBER: 08911481)

BALANCE SHEET - continued
31 MARCH 2024


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 August 2024 and were signed by:





G A D Bower - Director


TSI WORLD LIMITED (REGISTERED NUMBER: 08911481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

TSI World 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 the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Computer equipment - 25% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

TSI WORLD LIMITED (REGISTERED NUMBER: 08911481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 63,799
AMORTISATION
At 1 April 2023 38,279
Charge for year 12,759
At 31 March 2024 51,038
NET BOOK VALUE
At 31 March 2024 12,761
At 31 March 2023 25,520

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 52,107 39,215 91,322
Additions 431 18,714 19,145
At 31 March 2024 52,538 57,929 110,467
DEPRECIATION
At 1 April 2023 48,856 24,912 73,768
Charge for year 697 12,914 13,611
At 31 March 2024 49,553 37,826 87,379
NET BOOK VALUE
At 31 March 2024 2,985 20,103 23,088
At 31 March 2023 3,251 14,303 17,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 522,864 444,979
Tax - 66,975
522,864 511,954

TSI WORLD LIMITED (REGISTERED NUMBER: 08911481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,210 6,210
Other loans 9,367 9,531
Trade creditors 44,220 34,613
Social security and other taxes 115,642 87,383
Other creditors 336,145 319,502
Accruals and deferred income 10,750 10,750
522,334 467,989

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due between
1 & 2 years 6,210 6,210
Bank loans due between
2 & 5 years 18,628 18,629
Bank loans due after 5 years
by instalments 3,225 8,500
Other loans due between 1 & 2 years 9,367 9,531
Other loans due between 2 & 5 years 5,000 14,531
42,430 57,401

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years
by instalments 3,225 8,500
3,225 8,500