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REGISTERED NUMBER: 06061812 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TEXTILE & GRAPHICS SOLUTIONS LIMITED

TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEXTILE & GRAPHICS SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr MP Deb
Dr B Ghosh
Mr M Deb





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 06061812 (England and Wales)

TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,634 3,512
Tangible assets 5 719,129 639,167
721,763 642,679

CURRENT ASSETS
Stocks 6 41,500 43,250
Debtors 7 96,448 78,554
Cash at bank 69,944 41,918
207,892 163,722
CREDITORS
Amounts falling due within one year 8 360,353 212,993
NET CURRENT LIABILITIES (152,461 ) (49,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,302

593,408

CREDITORS
Amounts falling due after more than one
year

9

(321,218

)

(370,174

)

PROVISIONS FOR LIABILITIES 11 (14,764 ) (5,750 )
NET ASSETS 233,320 217,484

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Share premium 10,000 10,000
Retained earnings 213,320 197,484
SHAREHOLDERS' FUNDS 233,320 217,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

BALANCE SHEET - continued
31 JANUARY 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr MP Deb - Director


TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Textile & Graphics Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents the net invoiced amounts.

The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Other intangible assets - 15% on reducing balance

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land - not depreciated
Freehold buildings - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Operating leases
Amounts paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 4,865
AMORTISATION
At 1 February 2023 1,353
Charge for year 878
At 31 January 2024 2,231
NET BOOK VALUE
At 31 January 2024 2,634
At 31 January 2023 3,512

5. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 611,759 32,504 14,864 6,520 665,647
Additions - 31,720 64,892 1,048 97,660
Disposals - - (5,695 ) - (5,695 )
At 31 January 2024 611,759 64,224 74,061 7,568 757,612
DEPRECIATION
At 1 February 2023 2,855 5,531 12,398 5,696 26,480
Charge for year 4,282 5,215 7,222 551 17,270
Eliminated on disposal - - (5,267 ) - (5,267 )
At 31 January 2024 7,137 10,746 14,353 6,247 38,483
NET BOOK VALUE
At 31 January 2024 604,622 53,478 59,708 1,321 719,129
At 31 January 2023 608,904 26,973 2,466 824 639,167

Included in cost or valuation of freehold land and property is freehold land of £397,644 (2023 - £397,644) which is not depreciated.

6. STOCKS
2024 2023
£    £   
Stocks 41,500 43,250

TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,448 76,110
Other debtors - 2,444
96,448 78,554

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,320 6,118
Trade creditors 92,166 46,586
Taxation and social security 22,825 502
Other creditors 236,042 159,787
360,353 212,993

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 321,218 370,174

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 281,190 343,901
281,190 343,901

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 330,538 376,292

National Westminster Bank PLC holds a fixed and floating charge over all the property and undertakings of the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 14,764 5,750

TEXTILE & GRAPHICS SOLUTIONS LIMITED (REGISTERED NUMBER: 06061812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 5,750
Provided during year 9,014
Balance at 31 January 2024 14,764



12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,500 Ordinary A 1 7,500 7,500
2,500 Ordinary B 1 2,500 2,500
10,000 10,000

The Ordinary A shares of £1 each and the Ordinary B Shares of £1 each rank pari passu to each other in all respect, except for dividends.

13. RELATED PARTY DISCLOSURES

At the year end, the company owed £227,721 (2023 - £154,528) to the directors.

No interest was charged on the above balances.