Registered number |
TS Accounting SouthWest Limited | |
Report and accounts | |
Contents | |
Page | |
Directors' report | 1 |
Accountants' report | 2 |
Profit and loss account | 2 |
Balance sheet | 3 |
Statement of changes in equity | 4 |
Notes to the accounts | 5 |
Registered number: | |||||||
Directors' Report | |||||||
The directors present their report and accounts for the year ended | |||||||
Principal activities | |||||||
Directors | |||||||
The following persons served as directors during the year: | |||||||
Political donations | |||||||
Third party indemnity provisions | |||||||
Employment of disabled persons | |||||||
Small company provisions | |||||||
This report was approved by the board on | |||||||
B Kemp | |||||||
0 | |||||||
Director | |||||||
TS Accounting SouthWest Limited | ||||
Accountants' Report | ||||
Accountants' report to the directors of | ||||
TS Accounting SouthWest Limited | ||||
You consider that the company is exempt from an audit for the year ended 31 March 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. | ||||
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. | ||||
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. | ||||
TS Accounting SouthWest Limited | ||||
Accountants | ||||
20 Kingsmead Business Park | ||||
Gillingham | ||||
Dorset | ||||
SP8 5FB | ||||
28.06.24 | ||||
Profit and Loss Account | ||||||||
for the year ended | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Turnover | ||||||||
Cost of sales | ( | ( | ||||||
Gross profit | ||||||||
Distribution costs | - | - | ||||||
Administrative expenses | ( | ( | ||||||
Other operating income | - | - | ||||||
Operating profit | ||||||||
Profit on the disposal of tangible fixed assets | - | - | ||||||
Profit on the disposal of investments | - | - | ||||||
Gain on revaluation of investments | - | - | ||||||
Income from investments | - | - | ||||||
Interest receivable | - | - | ||||||
Interest payable | ( | ( | ||||||
Profit before taxation | ||||||||
Tax on profit | ( | ( | ||||||
Profit for the financial year | ||||||||
Registered number: | |||||||
Balance Sheet | |||||||
as at | |||||||
Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 4 | ||||||
Tangible assets | 5 | ||||||
Investments | 6 | - | - | ||||
Current assets | |||||||
Stocks | - | - | |||||
Debtors | 7 | ||||||
Investments held as current assets | 8 | - | - | ||||
Cash at bank and in hand | - | - | |||||
Creditors: amounts falling due within one year | 9 | ( | ( | ||||
Net current liabilities | ( | ( | |||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 10 | ( | ( | ||||
Provisions for liabilities | - | - | |||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Share premium | - | - | |||||
Revaluation reserve | 12 | - | - | ||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
B Kemp | |||||||
Director | |||||||
Approved by the board on | |||||||
Statement of Changes in Equity | ||||||||||
for the year ended | ||||||||||
Share | Share | Re- | Profit | Total | ||||||
capital | premium | valuation | and loss | |||||||
reserve | account | |||||||||
£ | £ | £ | £ | £ | ||||||
At 1 April 2022 | - | - | ||||||||
Profit for the financial year | 35,443 | 35,443 | ||||||||
Gain on revaluation of land and buildings | - | - | ||||||||
Deferred taxation arising on the revaluation of land and buildings | - | - | ||||||||
Other comprehensive income for the financial year | - | - | - | - | - | |||||
Total comprehensive income for the financial year | - | - | - | 35,443 | 35,443 | |||||
Dividends | ( | ( | ||||||||
Shares issued | - | - | - | |||||||
Shares redeemed | - | - | ||||||||
At 31 March 2023 | 100 | - | - | 14,503 | 14,603 | |||||
Correction of prior year errors | - | - | ||||||||
Effect of retrospective changes in accounting policies | - | - | ||||||||
At 31 March 2023 as restated | 100 | - | - | 14,503 | 14,603 | |||||
At 1 April 2023 | - | - | ||||||||
Profit for the financial year | ||||||||||
Gain on revaluation of land and buildings | - | - | ||||||||
Deferred taxation arising on the revaluation of land and buildings | - | - | ||||||||
Other comprehensive income for the financial year | - | - | - | - | - | |||||
Total comprehensive income for the financial year | - | - | - | |||||||
Dividends | ( | ( | ||||||||
Shares issued | - | - | - | |||||||
Shares redeemed | - | - | ||||||||
At 31 March 2024 | - | - | ||||||||
Notes to the Accounts | ||||||||
for the year ended | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Intangible fixed assets | ||||||||
Tangible fixed assets | ||||||||
Freehold buildings | over 50 years | |||||||
Leasehold land and buildings | over the lease term | |||||||
Plant and machinery | over 5 years | |||||||
Fixtures, fittings, tools and equipment | over 5 years | |||||||
Investments | ||||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
Leased assets | ||||||||
Pensions | ||||||||
2 | Exceptional items | 2024 | 2023 | |||||
£ | £ | |||||||
- | - | |||||||
3 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
4 | Intangible fixed assets | £ | ||||||
Goodwill: | ||||||||
Cost | ||||||||
At 1 April 2023 | ||||||||
Additions | - | |||||||
Disposals | - | |||||||
At 31 March 2024 | ||||||||
Amortisation | ||||||||
At 1 April 2023 | - | |||||||
Provided during the year | - | |||||||
On disposals | - | |||||||
At 31 March 2024 | - | |||||||
Net book value | ||||||||
At 31 March 2024 | ||||||||
At 31 March 2023 | ||||||||
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. | ||||||||
5 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Motor vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 April 2023 | - | |||||||
Additions | - | - | ||||||
Surplus on revaluation | - | - | - | - | ||||
Disposals | - | - | - | - | ||||
At 31 March 2024 | - | |||||||
Depreciation | ||||||||
At 1 April 2023 | - | |||||||
Charge for the year | - | |||||||
Surplus on revaluation | - | - | - | - | ||||
On disposals | - | - | - | - | ||||
At 31 March 2024 | - | |||||||
Net book value | ||||||||
At 31 March 2024 | - | |||||||
At 31 March 2023 | - | |||||||
Freehold land and buildings: | 2024 | 2023 | ||||||
£ | £ | |||||||
Historical cost | - | - | ||||||
Cumulative depreciation based on historical cost | - | - | ||||||
- | - | |||||||
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.] | ||||||||
6 | Investments | |||||||
Investments in | ||||||||
subsidiary | Other | |||||||
undertakings | investments | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 April 2023 | - | - | - | |||||
Additions | - | - | - | |||||
Revaluation | - | - | - | |||||
Disposals | - | - | - | |||||
At 31 March 2024 | - | - | - | |||||
Historical cost | ||||||||
At 1 April 2023 | - | - | ||||||
At 31 March 2024 | - | - | ||||||
[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures] | ||||||||
7 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by group undertakings and undertakings in which the company has a participating interest | - | - | ||||||
Deferred tax asset | - | - | ||||||
Other debtors | ||||||||
Amounts due after more than one year included above | - | - | ||||||
8 | Investments held as current assets | 2024 | 2023 | |||||
£ | £ | |||||||
Fair value | ||||||||
Listed investments | - | - | ||||||
Unlisted investments | - | - | ||||||
- | - | |||||||
Increase/(decrease) in fair value included in the profit and loss account for the financial year | ||||||||
Listed investments | - | - | ||||||
Unlisted investments | - | - | ||||||
- | - | |||||||
[For revalued investments, see FRS 102 paragraphs 1AC.22 and 1AC.23 for disclosures] | ||||||||
9 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Non-equity preference shares | - | - | ||||||
Bank loans and overdrafts | ||||||||
Obligations under finance lease and hire purchase contracts | - | - | ||||||
Trade creditors | ||||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | - | - | ||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
10 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Non-equity preference shares | - | - | ||||||
Bank loans | ||||||||
Obligations under finance lease and hire purchase contracts | - | - | ||||||
Trade creditors | - | - | ||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | - | - | ||||||
Other creditors | ||||||||
11 | Loans | 2024 | 2023 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Amounts payable otherwise than by instalment falling due for payment after more than five years | - | - | ||||||
Instalments falling due for payment after more than five years | - | - | ||||||
- | - | |||||||
Secured bank loans | - | - | ||||||
[Give an indication of the nature and form of the security for the bank loans] | ||||||||
12 | Revaluation reserve | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 April 2023 | - | - | ||||||
Gain on revaluation of land and buildings | - | - | ||||||
Deferred taxation arising on the revaluation of land and buildings | - | - | ||||||
At 31 March 2024 | - | - | ||||||
13 | Events after the reporting date | |||||||
14 | Capital commitments | 2024 | 2023 | |||||
£ | £ | |||||||
Amounts contracted for but not provided in the accounts | - | - | ||||||
15 | Pension commitments | |||||||
16 | Other financial commitments | 2024 | 2023 | |||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases | - | - | ||||||
17 | Contingent liabilities | |||||||
18 | Off-balance sheet arrangements | |||||||
19 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
[Loan 1] | - | - | - | - | ||||
[Loan 2] | - | - | - | - | ||||
- | - | - | - | |||||
20 | Guarantees made by the company on behalf of directors | |||||||
Main terms | Maximum | Amount paid | ||||||
liability | and incurred | |||||||
£ | £ | |||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
[Guarantee 1] | - | - | ||||||
[Guarantee 2] | - | - | ||||||
- | - | |||||||
21 | Related party transactions | |||||||
22 | Controlling party | |||||||
23 | Other information | |||||||
TS Accounting SouthWest Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
20 Kingsmead Business Park | ||||||||
Gillingham | ||||||||
Dorset | ||||||||
SP8 5FB | ||||||||
Debt to the company repaid in part by share transfer from E Powell on resignation | ||||||||
Detailed profit and loss account | ||||
for the year ended | ||||
This schedule does not form part of the statutory accounts | ||||
2024 | 2023 | |||
£ | £ | |||
Sales | ||||
- | - | |||
Cost of sales | ( | ( | ||
Gross profit | ||||
Distribution costs | - | - | ||
Administrative expenses | ( | ( | ||
Other operating income | - | - | ||
Operating profit | ||||
Profit on the disposal of tangible fixed assets | - | - | ||
Profit on the disposal of investments | - | - | ||
Gain on revaluation of investments | - | - | ||
Income from investments | - | - | ||
Interest receivable | - | - | ||
Interest payable | ( | ( | ||
Profit before tax | ||||
Detailed profit and loss account | ||||
for the year ended | ||||
This schedule does not form part of the statutory accounts | ||||
2024 | 2023 | |||
£ | £ | |||
Sales | ||||
Sales | 218,824 | 187,508 | ||
Furlough income | - | - | ||
Cost of sales | ||||
Purchases | - | 1,040 | ||
Decrease/increase in stocks | - | - | ||
Subcontractor costs | - | - | ||
Direct labour | - | - | ||
Carriage | - | - | ||
Discounts allowed | - | - | ||
Commissions payable | - | 15 | ||
Other direct costs | 18,782 | 14,461 | ||
18,782 | 15,516 | |||
Distribution costs | ||||
Distribution costs | - | - | ||
- | - | |||
Administrative expenses | ||||
Employee costs: | ||||
Wages and salaries | 88,998 | 85,938 | ||
Directors' salaries | 12,000 | 12,000 | ||
Pensions | 1,819 | 1,894 | ||
Bonuses | - | - | ||
Employer's NI | - | - | ||
Temporary staff and recruitment | 318 | - | ||
Staff training and welfare | 1,391 | 623 | ||
Travel and subsistence | 278 | 212 | ||
Motor expenses | - | - | ||
Entertaining | 542 | - | ||
105,346 | 100,667 | |||
Premises costs: | ||||
Rent | - | 330 | ||
Rates | 251 | 172 | ||
Service charges | 325 | 329 | ||
Light and heat | 962 | 1,001 | ||
Cleaning | 804 | 474 | ||
Use of home | - | 312 | ||
2,342 | 2,618 | |||
General administrative expenses: | ||||
Telephone and fax | 1,261 | 1,542 | ||
Postage and delivery | 158 | 114 | ||
Stationery and printing | 4,059 | 2,820 | ||
Website costs | 2,593 | 2,690 | ||
Information and publications | - | - | ||
Subscriptions | 1,252 | 1,530 | ||
Bank charges | 748 | 544 | ||
Insurance | 1,232 | 1,124 | ||
Donations | 244 | 50 | ||
Finance costs | - | - | ||
Computer expenses | 865 | 2,054 | ||
Repairs and maintenance | 66 | 107 | ||
Depreciation | 2,220 | 1,657 | ||
Amortisation of goodwill | - | - | ||
Bad debts | 1,986 | 1,260 | ||
Sundry expenses | 1,198 | 2,671 | ||
17,882 | 18,163 | |||
Legal and professional costs: | ||||
Audit fees | - | - | ||
Accountancy fees | - | - | ||
Solicitors fees | - | - | ||
Keyman insurance | - | - | ||
Non tax deductable costs | - | - | ||
Advertising and PR | 1,685 | 1,200 | ||
Other legal and professional | 271 | 610 | ||
1,956 | 1,810 | |||
127,526 | 123,258 | |||
Other operating income | ||||
Other operating income | - | - | ||
- | - | |||