1 April 2023 v2024.41.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP065710562023-04-012024-03-31065710562024-03-31065710562023-03-3106571056core:WithinOneYear2024-03-3106571056core:WithinOneYear2023-03-3106571056core:ShareCapital2024-03-3106571056core:ShareCapital2023-03-3106571056core:RetainedEarningsAccumulatedLosses2024-03-3106571056core:RetainedEarningsAccumulatedLosses2023-03-3106571056bus:Director12023-04-012024-03-3106571056bus:RegisteredOffice2023-04-012024-03-3106571056core:NetGoodwill2023-04-012024-03-3106571056core:Goodwill2023-04-012024-03-3106571056core:MotorVehicles2023-04-012024-03-31065710562022-04-012023-03-31065710562023-04-010657105612023-04-012024-03-3106571056countries:EnglandWales2023-04-012024-03-3106571056bus:AuditExemptWithAccountantsReport2023-04-012024-03-3106571056bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106571056bus:SmallEntities2023-04-012024-03-3106571056bus:AbridgedAccounts2023-04-012024-03-3106571056bus:CompanySecretary12023-04-012024-03-31
Company registration number:
06571056
Tdi Electrical Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 March 2024
Tdi Electrical Limited
Report of the Accountant to the director of Tdi Electrical Limited
Year ended
31 March 2024
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 March 2024
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
LF Accountancy Services Limited
12 Stafford Street
Heath Hayes
Cannock
Staffordshire
WS12 2EH
United Kingdom
Date:
30 August 2024
Tdi Electrical Limited
Abridged Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
13,136
 
17,515
 
Current assets    
Debtors
18,337
 
13,639
 
Cash at bank and in hand
5,876
 
17,304
 
24,213
 
30,943
 
Creditors: amounts falling due within one year
(8,571
)
(8,383
)
Net current assets
15,642
 
22,560
 
Total assets less current liabilities 28,778   40,075  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
28,678
 
39,975
 
Shareholders funds
28,778
 
40,075
 
For the year ending
31 March 2024
, 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 abridged 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 abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position for the year ended
31 March 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
30 August 2024
, and are signed on behalf of the board by:
Mr A Yates
Director
Company registration number:
06571056
Tdi Electrical Limited
Notes to the Abridged Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
19 Winterley Lane
,
Rushall
,
Walsall
,
West Midlands
,
WS4 1LP
, .

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
5 Years

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Fixed assets

Intangible assetsTangible assetsTotal
£££
Cost      
At
1 April 2023
and
31 March 2024
5,000
 
21,556
  26,556  
Amortisation and depreciation      
At
1 April 2023
5,000
 
4,041
  9,041  
Charge -  
4,379
  4,379  
At
31 March 2024
5,000
 
8,420
  13,420  
Carrying amount      
At
31 March 2024
-  
13,136
 
13,136
 
At 31 March 2023 -  
17,515
 
17,515