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REGISTERED NUMBER: 02859898 (England and Wales)











T.S.S.Technology Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






T.S.S.Technology Limited (Registered number: 02859898)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


T.S.S.Technology Limited

Company Information
for the Year Ended 30 June 2024







Directors: F B Wimbury
C B Wimbury





Secretary: Mrs C Wimbury





Registered office: Unit 5 Ensign Business Centre
Westwood Way
Westwood Business Park
Coventry
CV4 8JA





Registered number: 02859898 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

T.S.S.Technology Limited (Registered number: 02859898)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,246 6,129
3,246 6,129

Current assets
Stocks 85,450 70,200
Debtors 6 75,902 73,344
Cash at bank 76,656 37,840
238,008 181,384
Creditors
Amounts falling due within one year 7 (101,307 ) (72,459 )
Net current assets 136,701 108,925
Total assets less current liabilities 139,947 115,054

Capital and reserves
Called up share capital 200 200
Retained earnings 139,747 114,854
Shareholders' funds 139,947 115,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

T.S.S.Technology Limited (Registered number: 02859898)

Balance Sheet - continued
30 June 2024


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 18 November 2024 and were signed on its behalf by:





C B Wimbury - Director


T.S.S.Technology Limited (Registered number: 02859898)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

T.S.S.Technology 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 2004 has been amortised evenly over its estimated useful life of six 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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 balance sheet date.


T.S.S.Technology Limited (Registered number: 02859898)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 5 (2023 - 5 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 120,000
Amortisation
At 1 July 2023
and 30 June 2024 120,000
Net book value
At 30 June 2024 -
At 30 June 2023 -

T.S.S.Technology Limited (Registered number: 02859898)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2023
and 30 June 2024 17,997
Depreciation
At 1 July 2023 11,868
Charge for year 2,883
At 30 June 2024 14,751
Net book value
At 30 June 2024 3,246
At 30 June 2023 6,129

6. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade debtors 74,019 71,449
Other debtors 1,883 1,895
75,902 73,344

7. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade creditors 60,127 46,475
Taxation and social security 36,297 22,765
Other creditors 4,883 3,219
101,307 72,459