TLDC (UK) Limited 07533302 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is lighting sales, sales and design consultancy and agency services Digita Accounts Production Advanced 6.30.9574.0 true true 07533302 2023-02-01 2024-01-31 07533302 2024-01-31 07533302 bus:OrdinaryShareClass1 2024-01-31 07533302 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 07533302 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 07533302 core:CurrentFinancialInstruments 2024-01-31 07533302 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07533302 core:Non-currentFinancialInstruments 2024-01-31 07533302 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 07533302 core:FurnitureFittingsToolsEquipment 2024-01-31 07533302 core:MotorVehicles 2024-01-31 07533302 core:OtherPropertyPlantEquipment 2024-01-31 07533302 bus:SmallEntities 2023-02-01 2024-01-31 07533302 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07533302 bus:FilletedAccounts 2023-02-01 2024-01-31 07533302 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07533302 bus:RegisteredOffice 2023-02-01 2024-01-31 07533302 bus:Director1 2023-02-01 2024-01-31 07533302 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07533302 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07533302 core:ComputerEquipment 2023-02-01 2024-01-31 07533302 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 07533302 core:MotorVehicles 2023-02-01 2024-01-31 07533302 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 07533302 core:PlantMachinery 2023-02-01 2024-01-31 07533302 countries:England 2023-02-01 2024-01-31 07533302 2023-01-31 07533302 core:FurnitureFittingsToolsEquipment 2023-01-31 07533302 core:MotorVehicles 2023-01-31 07533302 core:OtherPropertyPlantEquipment 2023-01-31 07533302 2022-02-01 2023-01-31 07533302 2023-01-31 07533302 bus:OrdinaryShareClass1 2023-01-31 07533302 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-01-31 07533302 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-01-31 07533302 core:CurrentFinancialInstruments 2023-01-31 07533302 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07533302 core:Non-currentFinancialInstruments 2023-01-31 07533302 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07533302 core:FurnitureFittingsToolsEquipment 2023-01-31 07533302 core:MotorVehicles 2023-01-31 07533302 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07533302

TLDC (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

TLDC (UK) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

TLDC (UK) Limited

Company Information

Director

Mr Niki Paul Wright

Registered office

34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

Accountants

BJP Finance Ltd
Chartered Accountants
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

 

TLDC (UK) Limited

(Registration number: 07533302)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

146,757

6,212

Current assets

 

Stocks

5

595,769

231,516

Debtors

6

1,566

1,081

Cash at bank and in hand

 

523,780

849,881

 

1,121,115

1,082,478

Creditors: Amounts falling due within one year

7

(348,506)

(438,494)

Net current assets

 

772,609

643,984

Total assets less current liabilities

 

919,366

650,196

Creditors: Amounts falling due after more than one year

7

(488,967)

(376,304)

Provisions for liabilities

(5,943)

(1,180)

Net assets

 

424,456

272,712

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

424,446

272,702

Shareholders' funds

 

424,456

272,712

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2024
 

 

TLDC (UK) Limited

(Registration number: 07533302)
Balance Sheet as at 31 January 2024

.........................................
Mr Niki Paul Wright
Director

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL
England

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

50% straight line

Plant & Machinery

20% straight line

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

4,048

-

10,598

14,646

Additions

1,176

140,830

-

142,006

At 31 January 2024

5,224

140,830

10,598

156,652

Depreciation

At 1 February 2023

4,002

-

4,432

8,434

Charge for the year

305

96

1,060

1,461

At 31 January 2024

4,307

96

5,492

9,895

Carrying amount

At 31 January 2024

917

140,734

5,106

146,757

At 31 January 2023

46

-

6,166

6,212

5

Stocks

2024
£

2023
£

Other inventories

595,769

231,516

6

Debtors

Current

2024
£

2023
£

Prepayments

1,566

1,081

 

1,566

1,081

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

20,178

20,466

Trade creditors

 

171,361

278,885

Taxation and social security

 

152,723

136,489

Accruals and deferred income

 

2,142

2,612

Other creditors

 

2,102

42

 

348,506

438,494

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

488,967

376,304

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

10

10

10

10

       
 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

112,664

-

Other borrowings

376,303

376,304

488,967

376,304

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

19,740

-

Other borrowings

438

20,466

20,178

20,466

Other borrowings

At the Balance Sheet date, the Director (Mr N P Wright) had made loans to the Company totalling £438 (2023 - £20,466). The loans are non-interest bearing and repayable on demand to the Director and as such are disclosed within Creditors amounts due within one year on the balance sheet. The Director has committed to keep these loans in place for as long as the company requires them.
 

10

Related party transactions

At the balance sheet date, the Company had received a loan totalling £176,304 (2023: £176,304) from The Lighting Design Limited, a Company incorporated in Hong Kong and in which the Director, Mr Niki Paul Wright holds a minority interest. The loan is non-interest bearing and has no fixed repayment date so is disclosed as other borrowings in creditors due in more than one year on the balance sheet.
At the balance sheet date, the Company had received a loan totalling £200,000 (2023: £200,000) from Haomai Investment Limited, a Company incorporated in Hong Kong and in which the Director, Mr Niki Paul Wright holds an interest. The loan is non-interest bearing and has no fixed repayment date so is disclosed as other borrowings in creditors due in more than one year on the balance sheet.

 

TLDC (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

84,850

9,057