Company registration number: 10080792
Unaudited financial statements
for the year ended 31 March 2024
for
Ts Grale Limited
Pages for filing with the Registrar
Ts Grale Limited
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ts Grale Limited for the year ended 31 March 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements 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 Ts Grale Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Ts Grale Limited 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 Ts Grale Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Ts Grale Limited 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 Ts Grale Limited. You consider that Ts Grale Limited 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 Ts Grale Limited. 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 financial statements.
Date: 28 November 2024
1
Company registration number: 10080792
Ts Grale Limited
Balance sheet
as at 31 March 2024
31 Mar 24 31 Mar 23
Note £ £ £ £
Fixed assets
Tangible assets 4 7,659 10,212
7,659 10,212
Current assets
Debtors 55,241 90,016
Cash at bank and in hand 88,015 152,301
143,256 242,317
Creditors: amounts falling due within
one year
(89,015) (105,163)
Net current assets 54,241 137,154
Total assets less current liabilities 61,900 147,366
Creditors: Amounts falling due after
more than one year
(13,342) -
NET ASSETS 48,558 147,366
Capital and reserves
Called up share capital 200 200
Other reserves 100 100
Profit and loss account 48,258 147,066
TOTAL EQUITY 48,558 147,366
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 10080792
Ts Grale Limited
Balance sheet - continued
as at 31 March 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 28 November 2024 and signed on its behalf by:
Mr P Fleming, Director
28 November 2024
3
Ts Grale Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Ts Grale Limited is a private company registered in England and Wales. Its registered number is 10080792. The company is limited by shares. Its registered office is Office C, First Floor Alma Park, Claybrooke Parva, Lutterworth, LE17 5BH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
4
Ts Grale Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
3 Average number of employees
During the year the average number of employees was 8 (2023 - 13).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 26,877
At 31 March 2024 26,877
Depreciation
At 1 April 2023 16,665
Charge for year 2,553
At 31 March 2024 19,218
Net book value
At 31 March 2024 7,659
At 31 March 2023 10,212
5
Ts Grale Limited
Exception report
for the year ended 31 March 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 April 2023 per TB
Balance at 31 March
2023 per accounts
Difference
£ £ £
Other reserves (Accounts 971, 972,
973, 974)
100 100 -
Profit and loss account (Account 968) 147,067 147,066 1
147,167 147,166 1
This page does not form part of the statutory financial statements.
6