IRIS Accounts Production v24.1.0.578 07474424 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074744242022-12-31074744242023-12-31074744242023-01-012023-12-31074744242021-12-31074744242022-01-012022-12-31074744242022-12-3107474424ns15:EnglandWales2023-01-012023-12-3107474424ns14:PoundSterling2023-01-012023-12-3107474424ns10:Director12023-01-012023-12-3107474424ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107474424ns10:SmallEntities2023-01-012023-12-3107474424ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107474424ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107474424ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107474424ns10:FullAccounts2023-01-012023-12-3107474424ns10:RegisteredOffice2023-01-012023-12-3107474424ns5:CurrentFinancialInstruments2023-12-3107474424ns5:CurrentFinancialInstruments2022-12-3107474424ns5:ShareCapital2023-12-3107474424ns5:ShareCapital2022-12-3107474424ns5:RetainedEarningsAccumulatedLosses2023-12-3107474424ns5:RetainedEarningsAccumulatedLosses2022-12-3107474424ns5:PlantMachinery2023-01-012023-12-3107474424ns5:PlantMachinery2022-12-3107474424ns5:PlantMachinery2023-12-3107474424ns5:PlantMachinery2022-12-3107474424ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107474424ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07474424 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THURAI AUTO SERVICES LTD

THURAI AUTO SERVICES LTD (REGISTERED NUMBER: 07474424)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THURAI AUTO SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: V A Thurairajah





REGISTERED OFFICE: Unit 6 Tait Road Industrial Estate
Tait Road
Croydon
Surrey
CR0 2DT





REGISTERED NUMBER: 07474424 (England and Wales)





ACCOUNTANTS: Annjer Consultancy Services Ltd
31 New Street Hill
Bromley
Kent
BR1 5AX

THURAI AUTO SERVICES LTD (REGISTERED NUMBER: 07474424)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,702 66,766

CURRENT ASSETS
Stocks 54,956 41,256
Debtors 5 5,563 3,407
Cash at bank and in hand 138,811 163,520
199,330 208,183
CREDITORS
Amounts falling due within one year 6 250,741 213,576
NET CURRENT LIABILITIES (51,411 ) (5,393 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,291

61,373

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,290 61,372
SHAREHOLDERS' FUNDS 55,291 61,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 3 October 2024 and were signed by:





V A Thurairajah - Director


THURAI AUTO SERVICES LTD (REGISTERED NUMBER: 07474424)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Thurai Auto Services Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 5% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

THURAI AUTO SERVICES LTD (REGISTERED NUMBER: 07474424)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 93,513
Additions 45,552
At 31 December 2023 139,065
DEPRECIATION
At 1 January 2023 26,747
Charge for year 5,616
At 31 December 2023 32,363
NET BOOK VALUE
At 31 December 2023 106,702
At 31 December 2022 66,766

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,563 3,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 7,108
Trade creditors 39,904 22,065
Taxation and social security 50,595 43,016
Other creditors 160,242 141,387
250,741 213,576