Company Registration No. 13021488 (England and Wales)
TEX LEICESTER LTD
Unaudited accounts
for the year ended 30 November 2023
TEX LEICESTER LTD
Unaudited accounts
Contents
TEX LEICESTER LTD
Company Information
for the year ended 30 November 2023
Directors
Rajbinder Kaur Dhillon
Tajinder Singh Choongh
Ravtej Singh Mangat
Company Number
13021488 (England and Wales)
Registered Office
HOLMSTEAD
GERRARDS CROSS ROAD
STOKE POGES
SL2 4EX
ENGLAND
TEX LEICESTER LTD
Statement of financial position
as at 30 November 2023
Intangible assets
22,411
25,586
Tangible assets
173,524
237,212
Cash at bank and in hand
55,525
26,433
Creditors: amounts falling due within one year
(148,884)
(158,487)
Net current liabilities
(53,510)
(93,189)
Total assets less current liabilities
142,425
169,609
Provisions for liabilities
Deferred tax
(49,121)
(69,641)
Called up share capital
100
100
Profit and loss account
93,204
99,868
Shareholders' funds
93,304
99,968
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Ravtej Singh Mangat
Director
Company Registration No. 13021488
TEX LEICESTER LTD
Notes to the Accounts
for the year ended 30 November 2023
TEX LEICESTER LTD is a private company, limited by shares, registered in England and Wales, registration number 13021488. The registered office is HOLMSTEAD, GERRARDS CROSS ROAD, STOKE POGES, SL2 4EX, ENGLAND.
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.
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.
The presentational currency of the financial statements is pound sterling (£).
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
• the Company has transferred the significant risks and rewards of ownership to the buyer;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the transaction; and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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:
Plant & machinery
5 years; straight line
Computer equipment
3 years straight line
Other tangible fixed assets
8 years; straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
TEX LEICESTER LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 December 2022
25,000
6,750
31,750
At 30 November 2023
25,000
6,750
31,750
At 1 December 2022
5,208
956
6,164
Charge for the year
2,500
675
3,175
At 30 November 2023
7,708
1,631
9,339
At 30 November 2023
17,292
5,119
22,411
At 30 November 2022
19,792
5,794
25,586
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Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
12,990
317,346
3,842
334,178
At 30 November 2023
12,990
320,202
3,842
337,034
At 1 December 2022
2,165
93,542
1,259
96,966
Charge for the year
1,624
63,639
1,281
66,544
At 30 November 2023
3,789
157,181
2,540
163,510
At 30 November 2023
9,201
163,021
1,302
173,524
At 30 November 2022
10,825
223,804
2,583
237,212
Amounts falling due within one year
Accrued income and prepayments
12,450
15,036
Other debtors
19,250
19,250
TEX LEICESTER LTD
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,450
37,979
Taxes and social security
2,211
2,578
Other creditors
16,697
17,789
Loans from directors
75,900
75,900
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Average number of employees
During the year the average number of employees was 21 (2022: 23).