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31/12/2023
2023-12-31
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No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
06692576
2023-01-01
2023-12-31
06692576
2023-12-31
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06692576
2022-01-01
2022-12-31
06692576
2022-12-31
06692576
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2023-12-31
06692576
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2023-01-01
2023-12-31
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2023-01-01
2023-12-31
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2023-01-01
2023-12-31
06692576
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2023-01-01
2023-12-31
06692576
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2023-12-31
06692576
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2023-12-31
06692576
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2022-12-31
06692576
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06692576
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2022-12-31
06692576
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06692576
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2022-12-31
06692576
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2023-12-31
06692576
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2022-12-31
06692576
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2023-01-01
2023-12-31
06692576
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2023-12-31
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2023-12-31
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2023-12-31
06692576
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2023-01-01
2023-12-31
06692576
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2023-01-01
2023-12-31
06692576
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2022-12-31
06692576
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2023-01-01
2023-12-31
06692576
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2023-12-31
Company registration number:
06692576
Tezlom Ltd
Trading as
Tezlom
Unaudited filleted financial statements
31 December 2023
Tezlom Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Tezlom Ltd
Directors and other information
|
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Directors |
Mrs Rosalind Armitage |
|
|
Mr Ryan Armitage |
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Secretary |
Mrs Rosalind Armitage |
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Company number |
06692576 |
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|
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|
Registered office |
20 Hoghton Street |
|
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Southport |
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Merseyside |
|
|
RP9 0NX |
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|
Accountants |
Forshaws Chartered Accountants |
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Crossens Way Business Park |
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Crossens Way |
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Southport |
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Merseyside |
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PR9 9LY |
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Tezlom Ltd
Statement of financial position
31 December 2023
|
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2023 |
|
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|
2022 |
|
|
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|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
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|
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|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
3,136 |
|
|
|
755 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
3,136 |
|
|
|
755 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
18,433 |
|
|
|
17,000 |
|
|
Debtors |
|
6 |
234,612 |
|
|
|
411,684 |
|
|
Cash at bank and in hand |
|
|
253,261 |
|
|
|
145,195 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
506,306 |
|
|
|
573,879 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
321,857) |
|
|
|
(
218,194) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
184,449 |
|
|
|
355,685 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
187,585 |
|
|
|
356,440 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
187,585 |
|
|
|
356,440 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
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|
Capital and reserves |
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|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Share premium account |
|
|
|
|
(
24,940) |
|
|
|
(
24,940) |
Profit and loss account |
|
|
|
|
212,425 |
|
|
|
381,280 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
187,585 |
|
|
|
356,440 |
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|
|
|
|
_______ |
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|
_______ |
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge 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 income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 July 2024
, and are signed on behalf of the board by:
Mrs Rosalind Armitage
Director
Company registration number:
06692576
Tezlom Ltd
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 20 Hoghton Street, Southport, Merseyside, RP9 0NX.
The principal activity of the company is that of temporary employment agency activities.
2.
Statement of compliance
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 and the Companies Act 2006'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. Should the existing facilities not be sufficient to fund the company's working capital for the period ending 12 months from the date of approval of these financial statements, the Directors have considered alternative sources of financing, including, but not restricted to, additional support from its shareholders, and understand these funds would provide sufficient resource to meet any shortfall which may arise under agreed facilities.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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 |
|
Computer equipment |
- |
33% 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2022:
13
).
5.
Tangible assets
|
|
Fixtures, fittings and equipment |
Computer equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
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|
At 1 January 2023 |
- |
11,513 |
11,513 |
|
|
|
|
|
Additions |
1,339 |
2,898 |
4,237 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
1,339 |
14,411 |
15,750 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
- |
10,758 |
10,758 |
|
|
|
|
|
Charge for the year |
335 |
1,521 |
1,856 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
335 |
12,279 |
12,614 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2023 |
1,004 |
2,132 |
3,136 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 31 December 2022 |
- |
755 |
755 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
174,405 |
375,047 |
|
Amounts owed by a connected company |
|
55,852 |
30,854 |
|
Other debtors |
|
4,355 |
5,783 |
|
|
|
_______ |
_______ |
|
|
|
234,612 |
411,684 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
29,917 |
9,775 |
|
Corporation tax |
|
- |
3,308 |
|
Social security and other taxes |
|
66,958 |
99,815 |
|
Other creditors |
|
224,982 |
105,296 |
|
|
|
_______ |
_______ |
|
|
|
321,857 |
218,194 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Related party transactions
At the balance sheet date, the company had amounts due from a company under the common control of the directors totalling £55,852 (2022: £30,854). The amount is unsecured, interest free and repayable on demand. At the balance sheet date, the company owed the Directors £147,174 (2022: £101,258). The amount is unsecured, interest free and repayable on demand.
9.
Controlling party
The company is under the ultimate control of Mrs R Armitage by virtue of her controlling shareholding in the company.