Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Timothy John Francis Exell 16/02/2016 Joanne Exell 16/02/2016 T Exell 29 November 2024 The principal activity of the historically was management consultancy services, however the Company had no trading activity during the financial year. 10007770 2024-02-29 10007770 bus:Director1 2024-02-29 10007770 bus:Director2 2024-02-29 10007770 core:CurrentFinancialInstruments 2024-02-29 10007770 core:CurrentFinancialInstruments 2023-02-28 10007770 2023-02-28 10007770 core:ShareCapital 2024-02-29 10007770 core:ShareCapital 2023-02-28 10007770 core:RetainedEarningsAccumulatedLosses 2024-02-29 10007770 core:RetainedEarningsAccumulatedLosses 2023-02-28 10007770 bus:OrdinaryShareClass1 2024-02-29 10007770 2023-03-01 2024-02-29 10007770 bus:FilletedAccounts 2023-03-01 2024-02-29 10007770 bus:SmallEntities 2023-03-01 2024-02-29 10007770 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10007770 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10007770 bus:Director1 2023-03-01 2024-02-29 10007770 bus:Director2 2023-03-01 2024-02-29 10007770 bus:Director3 2023-03-01 2024-02-29 10007770 2022-03-01 2023-02-28 10007770 core:CurrentFinancialInstruments 2023-03-01 2024-02-29 10007770 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10007770 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10007770 (England and Wales)

TJFE ENTERPRISES LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

TJFE ENTERPRISES LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

TJFE ENTERPRISES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
TJFE ENTERPRISES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 2024 2023
£ £
Creditors: amounts falling due within one year 3 ( 13,253) ( 9,704)
Net current liabilities (13,253) (9,704)
Total assets less current liabilities (13,253) (9,704)
Net liabilities ( 13,253) ( 9,704)
Capital and reserves
Called-up share capital 4 100 100
Profit and loss account ( 13,353 ) ( 9,804 )
Total shareholders' deficit ( 13,253) ( 9,704)

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of TJFE Enterprises Limited (registered number: 10007770) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

T Exell
Director
TJFE ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
TJFE ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

TJFE Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of TJFE Enterprises Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The Company is no longer trading and as a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 0 42
Accruals 2,051 1,100
Other creditors 11,202 8,562
13,253 9,704

There are no amounts included above in respect of which any security has been given by the small entity.

4. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

5. Related party transactions

At the period end, the company owed the directors a total of £11,202 (2023: £8,562). The loan is interest free and has no fixed date for repayment.