5 30/11/2023 2023-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08780297 2022-12-01 2023-11-30 08780297 2023-11-30 08780297 2022-11-30 08780297 2021-12-01 2022-11-30 08780297 2022-11-30 08780297 2021-11-30 08780297 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 08780297 bus:Director1 2022-12-01 2023-11-30 08780297 core:FurnitureFittingsToolsEquipment 2022-11-30 08780297 core:FurnitureFittingsToolsEquipment 2023-11-30 08780297 core:WithinOneYear 2023-11-30 08780297 core:WithinOneYear 2022-11-30 08780297 core:ShareCapital 2023-11-30 08780297 core:ShareCapital 2022-11-30 08780297 core:RetainedEarningsAccumulatedLosses 2023-11-30 08780297 core:RetainedEarningsAccumulatedLosses 2022-11-30 08780297 core:FurnitureFittingsToolsEquipment 2022-11-30 08780297 bus:SmallEntities 2022-12-01 2023-11-30 08780297 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08780297 bus:FullAccounts 2022-12-01 2023-11-30 08780297 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08780297 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Company registration number: 08780297
TVH Limited
Unaudited financial statements
For the year ended
30 November 2023
TVH Limited
Contents
Statement of financial position
Notes to the financial statements
TVH Limited
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 3 592 1,185
________ ________
592 1,185
Current assets
Stocks 1,500 1,500
Debtors 4 836,877 1,239,951
Cash at bank and in hand 34,332 5,742
________ ________
872,709 1,247,193
Creditors: amounts falling due
within one year 5 ( 947,694) ( 1,321,309)
________ ________
Net current liabilities ( 74,985) ( 74,116)
________ ________
Total assets less current liabilities ( 74,393) ( 72,931)
________ ________
Net liabilities ( 74,393) ( 72,931)
________ ________
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 74,395) ( 72,933)
________ ________
Shareholders deficit ( 74,393) ( 72,931)
________ ________
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
Mr P D Roe
Director
Company registration number: 08780297
TVH Limited
Notes to the financial statements
Year ended 30 November 2023
1. Accounting policies
Company information
The company is a private company limited by shares, registered in England and Wales, registration number 08780297 . The address of the registered office is Unit 7A, Lakeland Business Park, Lamplugh Road, Cockermouth, Cumbria, CA13 0QT.
Basis of preparation
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 financial statements.
The financial statements have been prepared under the historical cost convention and in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover consists of the sales value, excluding value added tax, of all work done in the year under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible fixed assets are included at cost less depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and net realisable value.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
2. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 6 ).
3. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 December 2022 and 30 November 2023 7,137 7,137
________ ________
Depreciation
At 1 December 2022 5,952 5,952
Charge for the year 593 593
________ ________
At 30 November 2023 6,545 6,545
________ ________
Carrying amount
At 30 November 2023 592 592
________ ________
At 30 November 2022 1,185 1,185
________ ________
4. Debtors
2023 2022
£ £
Trade debtors 819,167 705,747
Other debtors 17,710 534,204
________ ________
836,877 1,239,951
________ ________
5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 119,258 261,814
Taxation and social security 12,885 9,844
Director loan accounts 433,368 681,039
Other creditors 382,183 368,612
________ ________
947,694 1,321,309
________ ________
6. Pension commitments
The company operates defined contribution pension schemes for directors and certain employees. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date, 30 November 2023, unpaid contributions of £nil (2022: £nil) were due to the fund. They are included in other creditors.