Registered number
05383311
Technical and Event Services Ltd
Filleted Accounts
31 March 2024
Technical and Event Services Ltd
Registered number: 05383311
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed Assets
Tangible Assets 3 30,109 34,235
Current Assets
Debtors 4 40,185 165,628
Bank and Cash 540,064 611,659
580,249 777,287
Creditors: Due Within One Year 5 (49,831) (177,123)
Net Current Assets 530,418 600,164
Net Assets 560,527 634,399
Capital and Reserves
Called Up Share Capital 100 100
Profit and Loss Account 560,427 634,299
Shareholders' Funds 560,527 634,399
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
_____________________
Mrs A M Butler
Director
Approved by the board on 6 September 2024
Technical and Event Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting Policies
Basis of Preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible Fixed Assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Garden Office over 10 years
Plant and Machinery on a 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible Fixed Assets
Garden Office Plant and Machinery Motor Vehicles Total
£ £ £ £
Cost
At 1 April 2023 22,119 45,903 70,141 138,163
Additions - 4,198 - 4,198
At 31 March 2024 22,119 50,101 70,141 142,361
Depreciation
At 1 April 2023 13,550 36,756 53,623 103,929
Charge for the year 857 3,336 4,130 8,323
At 31 March 2024 14,407 40,092 57,753 112,252
Net Book Values
At 31 March 2024 7,712 10,009 12,388 30,109
At 31 March 2023 8,569 9,147 16,518 34,234
4 Debtors 2024 2023
£ £
Trade Debtors 33,652 161,918
Other Debtors 6,533 3,710
40,185 165,628
5 Creditors: Due Within One Year 2024 2023
£ £
Trade Creditors 17,337 59,353
Corporation Tax, Vat and Paye 7,265 68,814
Other Creditors 25,229 48,956
49,831 177,123
6 Other Information
Technical and Event Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
47 Court Hill
Sanderstead
South Croydon
CR2 9ND
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