Company Registration No. 06474789 (England and Wales)
Tsiolkovsky Solutions Ltd
Unaudited accounts
for the year ended 29 February 2024
Tsiolkovsky Solutions Ltd
Unaudited accounts
Contents
Tsiolkovsky Solutions Ltd
Company Information
for the year ended 29 February 2024
Director
Mr R Kershaw-Moore
Company Number
06474789 (England and Wales)
Registered Office
Fletchings House
40 The Butts
Frome
Somerset
BA11 4AA
Accountants
The Counting House (Frome) Ltd
7 Springfield
Norton St Philip
Nr Bath
Somerset
BA2 7NR
Tsiolkovsky Solutions Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
5,012
7,377
Cash at bank and in hand
31,543
22,671
Creditors: amounts falling due within one year
(26,302)
(24,635)
Net current assets/(liabilities)
5,241
(1,964)
Total assets less current liabilities
10,253
5,413
Provisions for liabilities
Called up share capital
20
20
Profit and loss account
9,291
3,990
Shareholders' funds
9,311
4,010
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 August 2024 and were signed on its behalf by
Mr R Kershaw-Moore
Director
Company Registration No. 06474789
Tsiolkovsky Solutions Ltd
Notes to the Accounts
for the year ended 29 February 2024
Tsiolkovsky Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06474789. The registered office is Fletchings House, 40 The Butts, Frome, Somerset, BA11 4AA.
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.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
2,326
16,530
18,856
At 29 February 2024
2,326
16,530
18,856
At 1 March 2023
1,766
9,713
11,479
Charge for the year
140
2,225
2,365
At 29 February 2024
1,906
11,938
13,844
At 29 February 2024
420
4,592
5,012
At 28 February 2023
560
6,817
7,377
Tsiolkovsky Solutions Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,365
Taxes and social security
15,960
8,530
Loans from directors
(2,496)
354
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).