IRIS Accounts Production v24.3.0.553 10600289 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106002892023-02-28106002892024-02-29106002892023-03-012024-02-29106002892022-02-28106002892022-03-012023-02-28106002892023-02-2810600289ns15:EnglandWales2023-03-012024-02-2910600289ns14:PoundSterling2023-03-012024-02-2910600289ns10:Director12023-03-012024-02-2910600289ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910600289ns10:SmallEntities2023-03-012024-02-2910600289ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2910600289ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910600289ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910600289ns10:FullAccounts2023-03-012024-02-2910600289ns10:OrdinaryShareClass12023-03-012024-02-2910600289ns10:RegisteredOffice2023-03-012024-02-2910600289ns5:CurrentFinancialInstruments2023-02-2810600289ns5:CurrentFinancialInstruments2024-02-2910600289ns5:Non-currentFinancialInstruments2023-02-2810600289ns5:Non-currentFinancialInstruments2024-02-2910600289ns5:ShareCapital2023-02-2810600289ns5:ShareCapital2024-02-2910600289ns5:RetainedEarningsAccumulatedLosses2023-02-2810600289ns5:RetainedEarningsAccumulatedLosses2024-02-2910600289ns5:PlantMachinery2023-03-012024-02-2910600289ns5:FurnitureFittings2023-03-012024-02-2910600289ns5:MotorVehicles2023-03-012024-02-2910600289ns5:ComputerEquipment2023-03-012024-02-2910600289ns5:LandBuildings2023-02-2810600289ns5:PlantMachinery2023-02-2810600289ns5:LandBuildings2023-03-012024-02-2910600289ns5:LandBuildings2024-02-2910600289ns5:PlantMachinery2024-02-2910600289ns5:LandBuildings2023-02-2810600289ns5:PlantMachinery2023-02-2810600289ns5:FurnitureFittings2023-02-2810600289ns5:MotorVehicles2023-02-2810600289ns5:ComputerEquipment2023-02-2810600289ns5:FurnitureFittings2024-02-2910600289ns5:MotorVehicles2024-02-2910600289ns5:ComputerEquipment2024-02-2910600289ns5:FurnitureFittings2023-02-2810600289ns5:MotorVehicles2023-02-2810600289ns5:ComputerEquipment2023-02-2810600289ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910600289ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810600289ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-02-2910600289ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2810600289ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2910600289ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2810600289ns5:DeferredTaxation2023-02-2810600289ns5:DeferredTaxation2024-02-2910600289ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 10600289 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TS COMMERCIALS (EXPORTS) LIMITED

TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TS COMMERCIALS (EXPORTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr T Staines





REGISTERED OFFICE: The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH





REGISTERED NUMBER: 10600289 (England and Wales)





ACCOUNTANTS: Wynniatt-Husey Limited (Uttoxeter Branch)
The Old Bakehouse
Dove Walk
Uttoxeter
Staffordshire
ST14 8EH

TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)

BALANCE SHEET
29 FEBRUARY 2024

28.2.23 29.2.24
£    £    Notes £    £   
FIXED ASSETS
55,587 Tangible assets 4 1,094,334

CURRENT ASSETS
567,048 Stocks 5 452,035
290,928 Debtors 6 122,318
209,907 Cash at bank 33,375
1,067,883 607,728
CREDITORS
246,514 Amounts falling due within one year 7 258,735
821,369 NET CURRENT ASSETS 348,993
876,956 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,327

CREDITORS
(22,640 ) Amounts falling due after more than one
year

8

(538,231

)

(4,431 ) PROVISIONS FOR LIABILITIES 9 (18,653 )
849,885 NET ASSETS 886,443

CAPITAL AND RESERVES
100 Called up share capital 10 100
849,785 Retained earnings 886,343
849,885 SHAREHOLDERS' FUNDS 886,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)

BALANCE SHEET - continued
29 FEBRUARY 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 director and authorised for issue on 5 March 2024 and were signed by:





Mr T Staines - Director


TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

TS Commercials (Exports) 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.

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 - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.

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.

TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
Totals property machinery
£    £    £   
COST
At 1 March 2023 111,074 2,100 39,297
Additions 1,063,612 1,017,623 -
Disposals (4,045 ) - -
At 29 February 2024 1,170,641 1,019,723 39,297
DEPRECIATION
At 1 March 2023 55,487 - 5,249
Charge for year 24,865 - 7,350
Eliminated on disposal (4,045 ) - -
At 29 February 2024 76,307 - 12,599
NET BOOK VALUE
At 29 February 2024 1,094,334 1,019,723 26,698
At 28 February 2023 55,587 2,100 34,048

Fixtures
and Motor Computer
fittings vehicles equipment
£    £    £   
COST
At 1 March 2023 - 59,415 10,262
Additions 45,989 - -
Disposals - (4,045 ) -
At 29 February 2024 45,989 55,370 10,262
DEPRECIATION
At 1 March 2023 - 42,272 7,966
Charge for year 1,377 13,842 2,296
Eliminated on disposal - (4,045 ) -
At 29 February 2024 1,377 52,069 10,262
NET BOOK VALUE
At 29 February 2024 44,612 3,301 -
At 28 February 2023 - 17,143 2,296

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 452,035 567,048

TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 117,600 257,922
Other debtors 500 -
VAT 4,218 32,529
Prepayments - 477
122,318 290,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,113 9,860
Trade creditors 59,267 136,657
Tax 9,593 63,743
Social security and other taxes 438 927
Wages control 2,613 1,957
Pension control 39 158
Other creditors 142,800 7,600
Payment on account 3,955 -
Directors' current accounts 21,707 20,902
Accrued expenses 8,210 4,710
258,735 246,514

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,369 10,109
Bank loans - 2-5 years 527,862 12,531
538,231 22,640

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 18,653 4,431

Deferred
tax
£   
Balance at 1 March 2023 4,431
Deferred tax movement 14,222
Balance at 29 February 2024 18,653

TS COMMERCIALS (EXPORTS) LIMITED (REGISTERED NUMBER: 10600289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100