Registered number
11066074
T&S Surveying Ltd
Filleted Accounts
30 November 2023
T&S Surveying Ltd
Registered number: 11066074
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,418 14,272
Current assets
Debtors 4 95,959 61,062
Cash at bank and in hand 67,632 57
163,591 61,119
Creditors: amounts falling due within one year 5 (136,344) (21,461)
Net current assets 27,247 39,658
Total assets less current liabilities 38,665 53,930
Creditors: amounts falling due after more than one year 6 (33,844) (49,378)
Net assets 4,821 4,552
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,820 4,551
Shareholder's funds 4,821 4,552
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Arumugam Thayaparan
Director
Approved by the board on 30 August 2024
T&S Surveying Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 27 3
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 December 2022 23,069
At 30 November 2023 23,069
Depreciation
At 1 December 2022 8,797
Charge for the year 2,854
At 30 November 2023 11,651
Net book value
At 30 November 2023 11,418
At 30 November 2022 14,272
4 Debtors 2023 2022
£ £
Trade debtors 81,003 5,862
Other debtors 14,956 55,200
95,959 61,062
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 58,314 14,481
Other creditors 78,030 6,980
136,344 21,461
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 29,098 38,885
Obligations under finance lease and hire purchase contracts 4,746 10,493
33,844 49,378
7 Other information
T&S Surveying Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 Terryfield Road
High Wycombe
HP13 7RX
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