IRIS Accounts Production v24.3.0.553 06137555 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061375552023-03-31061375552024-03-31061375552023-04-012024-03-31061375552022-03-31061375552022-04-012023-03-31061375552023-03-3106137555ns15:EnglandWales2023-04-012024-03-3106137555ns14:PoundSterling2023-04-012024-03-3106137555ns10:Director12023-04-012024-03-3106137555ns10:Director22023-04-012024-03-3106137555ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106137555ns10:SmallEntities2023-04-012024-03-3106137555ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106137555ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106137555ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106137555ns10:FullAccounts2023-04-012024-03-310613755512023-04-012024-03-3106137555ns10:RegisteredOffice2023-04-012024-03-3106137555ns5:CurrentFinancialInstruments2024-03-3106137555ns5:CurrentFinancialInstruments2023-03-3106137555ns5:Non-currentFinancialInstruments2024-03-3106137555ns5:Non-currentFinancialInstruments2023-03-3106137555ns5:ShareCapital2024-03-3106137555ns5:ShareCapital2023-03-3106137555ns5:RetainedEarningsAccumulatedLosses2024-03-3106137555ns5:RetainedEarningsAccumulatedLosses2023-03-3106137555ns5:NetGoodwill2023-04-012024-03-3106137555ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106137555ns5:LeaseholdImprovements2023-04-012024-03-3106137555ns5:PlantMachinery2023-04-012024-03-3106137555ns5:ComputerEquipment2023-04-012024-03-3106137555ns5:NetGoodwill2023-03-3106137555ns5:NetGoodwill2024-03-3106137555ns5:NetGoodwill2023-03-3106137555ns5:LeaseholdImprovements2023-03-3106137555ns5:PlantMachinery2023-03-3106137555ns5:ComputerEquipment2023-03-3106137555ns5:LeaseholdImprovements2024-03-3106137555ns5:PlantMachinery2024-03-3106137555ns5:ComputerEquipment2024-03-3106137555ns5:LeaseholdImprovements2023-03-3106137555ns5:PlantMachinery2023-03-3106137555ns5:ComputerEquipment2023-03-3106137555ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106137555ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106137555ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3106137555ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3106137555ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3106137555ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31
REGISTERED NUMBER: 06137555 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TLG LINEN SERVICES LIMITED

TLG LINEN SERVICES LIMITED (REGISTERED NUMBER: 06137555)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TLG LINEN SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr T A Saleem
Mr K M Saleem





REGISTERED OFFICE: 4 Shentonfield Road
Sharston Industrial Estate
Wythenshawe
Manchester
Lancashire
M22 4RW





REGISTERED NUMBER: 06137555 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU

TLG LINEN SERVICES LIMITED (REGISTERED NUMBER: 06137555)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 90,934 56,470
90,934 56,470

CURRENT ASSETS
Stocks 564,569 420,523
Debtors 6 1,033,168 540,159
Cash at bank and in hand 304,802 129,776
1,902,539 1,090,458
CREDITORS
Amounts falling due within one year 7 769,666 647,435
NET CURRENT ASSETS 1,132,873 443,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,223,807

499,493

CREDITORS
Amounts falling due after more than one
year

8

(36,458

)

(133,672

)

PROVISIONS FOR LIABILITIES (17,277 ) (9,232 )
NET ASSETS 1,170,072 356,589

TLG LINEN SERVICES LIMITED (REGISTERED NUMBER: 06137555)

BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,170,062 356,579
SHAREHOLDERS' FUNDS 1,170,072 356,589

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 12 November 2024 and were signed on its behalf by:




Mr T A Saleem - Director



Mr K M Saleem - Director


TLG LINEN SERVICES LIMITED (REGISTERED NUMBER: 06137555)

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


1. STATUTORY INFORMATION

TLG Linen Services 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of seven years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Computer equipment - 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 72 ).

TLG LINEN SERVICES LIMITED (REGISTERED NUMBER: 06137555)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 144,699 - 57,720 202,419
Additions - 113,668 - 113,668
Disposals - - (57,720 ) (57,720 )
At 31 March 2024 144,699 113,668 - 258,367
DEPRECIATION
At 1 April 2023 136,819 - 9,130 145,949
Charge for year 7,880 22,734 - 30,614
Eliminated on disposal - - (9,130 ) (9,130 )
At 31 March 2024 144,699 22,734 - 167,433
NET BOOK VALUE
At 31 March 2024 - 90,934 - 90,934
At 31 March 2023 7,880 - 48,590 56,470

TLG LINEN SERVICES LIMITED (REGISTERED NUMBER: 06137555)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 686,329 417,136
Other debtors 343,386 104,660
Prepayments 3,453 18,363
1,033,168 540,159

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,500 70,000
Trade creditors 301,499 243,720
Corporation tax 294,317 109,477
VAT 4,413 78,027
Directors' current accounts 2,587 81,461
Accruals and deferred income 104,350 64,750
769,666 647,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 36,458 70,000
Bank loans - 2-5 years - 63,672
36,458 133,672