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Company Registration No. 12044838 (England and Wales)
TSBC Consulting Ltd Unaudited accounts for the year ended 30 June 2024
TSBC Consulting Ltd Unaudited accounts Contents
Page
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TSBC Consulting Ltd Company Information for the year ended 30 June 2024
Directors
Corina Bolojan Timotei Bolojan
Company Number
12044838 (England and Wales)
Registered Office
Timsons Business Centre Albert (Pha) Office 2 Bath Road Kettering NN16 8NQ United Kingdom
Accountants
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ
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TSBC Consulting Ltd Accountants' report
Accountants' report to the board of directors of TSBC Consulting Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TSBC Consulting Ltd for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TSBC Consulting Ltd, as a body, in accordance with the terms of our engagement letter dated 7 June 2019. Our work has been undertaken solely to prepare for your approval the accounts of TSBC Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TSBC Consulting Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TSBC Consulting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TSBC Consulting Ltd. You consider that TSBC Consulting Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TSBC Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ 5 November 2024
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TSBC Consulting Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,563 
400 
Investments
2 
- 
2,565 
400 
Current assets
Debtors
40,892 
6,909 
Cash at bank and in hand
50,437 
16,120 
91,329 
23,029 
Creditors: amounts falling due within one year
(90,096)
(13,754)
Net current assets
1,233 
9,275 
Total assets less current liabilities
3,798 
9,675 
Provisions for liabilities
Deferred tax
(641)
- 
Net assets
3,157 
9,675 
Capital and reserves
Called up share capital
40 
40 
Profit and loss account
3,117 
9,635 
Shareholders' funds
3,157 
9,675 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Timotei Bolojan Director Company Registration No. 12044838
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TSBC Consulting Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
TSBC Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 12044838. The registered office is Timsons Business Centre, Albert (Pha) Office 2, Bath Road, Kettering, NN16 8NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line Basis
Computer equipment
33% Straight Line Basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments
Investments in shares are included at fair value. Provisions are made for the permanent fluctuations in value.
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TSBC Consulting Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
985 
4,550 
5,535 
Additions
- 
3,752 
3,752 
At 30 June 2024
985 
8,302 
9,287 
Depreciation
At 1 July 2023
585 
4,550 
5,135 
Charge for the year
338 
1,251 
1,589 
At 30 June 2024
923 
5,801 
6,724 
Net book value
At 30 June 2024
62 
2,501 
2,563 
At 30 June 2023
400 
- 
400 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
- 
Additions
2 
Valuation at 30 June 2024
2 
The fixed asset investment relates to 100% shareholding in Mason Structures Ltd and Mason Design Ltd. At present both Companies are dormant with aggregate capital and reserves at 30/06/2024 of £1 each.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,408 
6,383 
Other debtors
18,484 
526 
40,892 
6,909 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,581 
- 
Taxes and social security
5,732 
13,754 
Other creditors
37,342 
- 
Loans from directors
31,541 
- 
Accruals
900 
- 
90,096 
13,754 
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TSBC Consulting Ltd Notes to the Accounts for the year ended 30 June 2024
8
Transactions with related parties
During the year, the dividends of £25,000 (2023: £39,862) were paid to the Directors. In addition, a dividend of £1,000 was paid to Mason Capital Holdings Ltd, a company controlled by Mr and Mrs Bolojan. At the Balance Sheet date, the Company was owed £3,484 (2023: Nil) by AEC Software Ltd, a company controlled by Mr and Mrs Bolojan. This is included within Other debtors. At the Balance Sheet date, The Company owed £35,650 to Quince Integrated Solutions S.R.L., a company controlled by Mr Bolojan. This is included within Other creditors. During the year, the Company was charged by Quince Integrated Solutions S.R.L. £71,650 (2023: Nil) related to the subcontracting fees. Mr Bolojan is also a Director of Quince Integrated Solutions S.R.L.
9
Controlling party
The Company is subsidiary of Mason Capital Holdings Ltd. Mason Capital Holdings Ltd is a 50% shareholder in TSBC Consulting Ltd, a company controlled by its board of directors, Mr and Mrs Bolojan.
10
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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