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REGISTERED NUMBER: 08291020 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

TBS (WIRRAL) LIMITED

TBS (WIRRAL) LIMITED (REGISTERED NUMBER: 08291020)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

TBS (WIRRAL) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A P Kelly
J L Kelly
J A Kelly





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 08291020 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

TBS (WIRRAL) LIMITED (REGISTERED NUMBER: 08291020)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,774 47,657
36,774 47,657

CURRENT ASSETS
Stocks 236,159 -
Cash at bank - 190,617
236,159 190,617
CREDITORS
Amounts falling due within one year 6 42,021 13,461
NET CURRENT ASSETS 194,138 177,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,912

224,813

CREDITORS
Amounts falling due after more than one
year

7

444,334

349,119
NET LIABILITIES (213,422 ) (124,306 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 (213,432 ) (124,316 )
SHAREHOLDERS' FUNDS (213,422 ) (124,306 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





A P Kelly - Director


TBS (WIRRAL) LIMITED (REGISTERED NUMBER: 08291020)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TBS (WIRRAL) 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.

The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 25% on cost

No depreciation in the year of acquisition.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

The directors consider it unnecessary to provide for deferred taxation as there is no intention to sell any assets in the foreseeable future.

TBS (WIRRAL) LIMITED (REGISTERED NUMBER: 08291020)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Hire Purchase is secured over an individual asset.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023
and 31 December 2023 50,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 66,131
Additions 1,031
At 31 December 2023 67,162
DEPRECIATION
At 1 January 2023 18,474
Charge for year 11,914
At 31 December 2023 30,388
NET BOOK VALUE
At 31 December 2023 36,774
At 31 December 2022 47,657

TBS (WIRRAL) LIMITED (REGISTERED NUMBER: 08291020)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 37,683
DEPRECIATION
Charge for year 9,421
At 31 December 2023 9,421
NET BOOK VALUE
At 31 December 2023 28,262
At 31 December 2022 37,683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 27,941 -
Hire purchase contracts 6,221 8,274
Taxation and social security 375 263
Other creditors 7,484 4,924
42,021 13,461

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 109,395 -
Hire purchase contracts 16,149 22,831
Other creditors 318,790 326,288
444,334 349,119

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Investment Property 109,365 27,683

Freehold property known as 57 Windermere Road, Prenton, CH43 9SJ being all of the land and buildings in title CH18203 including all buildings, fixtures and fittings, the related rights and the goodwill.
Contains fixed charge.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary £1 10 10

TBS (WIRRAL) LIMITED (REGISTERED NUMBER: 08291020)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. RESERVES
Retained
earnings
£   

At 1 January 2023 (124,316 )
Deficit for the year (89,116 )
At 31 December 2023 (213,432 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the year end is an amount of £318,790 (2022 : £366,288) owing to Mr & Mrs A Kelly in relation to the directors loan account.

12. ULTIMATE CONTROLLING PARTY

Mr and Mrs A Kelly are deemed to be the ultimate controlling party by virtue of their 100% shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TBS (WIRRAL) LIMITED (Registered number: 08291020)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TBS (WIRRAL) LIMITED for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TBS (WIRRAL) LIMITED, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TBS (WIRRAL) LIMITED and state those matters that we have agreed to state to the Board of Directors of TBS (WIRRAL) LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TBS (WIRRAL) LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TBS (WIRRAL) LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TBS (WIRRAL) LIMITED. You consider that TBS (WIRRAL) LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TBS (WIRRAL) LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................