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Registered number: 13902743
TZSK Third Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13902743
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,000 13,500
Tangible Assets 5 375,676 181,949
387,676 195,449
CURRENT ASSETS
Stocks 6 14,250 12,000
Debtors 7 29,277 24,327
Cash at bank and in hand 142,597 62,395
186,124 98,722
Creditors: Amounts Falling Due Within One Year 8 (442,858 ) (249,759 )
NET CURRENT ASSETS (LIABILITIES) (256,734 ) (151,037 )
TOTAL ASSETS LESS CURRENT LIABILITIES 130,942 44,412
Creditors: Amounts Falling Due After More Than One Year 9 (14,400 ) (15,000 )
NET ASSETS 116,542 29,412
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 116,442 29,312
SHAREHOLDERS' FUNDS 116,542 29,412
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tadeer Hussain
Director
27th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TZSK Third Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13902743 . The registered office is 10 Daisy Bank Crescent, Walsall, West Midlands, WS5 3BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is a trading licence. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 10)
22 10
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 15,000
As at 29 February 2024 15,000
Amortisation
As at 1 March 2023 1,500
Provided during the period 1,500
As at 29 February 2024 3,000
Net Book Value
As at 29 February 2024 12,000
As at 1 March 2023 13,500
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 68,171 141,783 4,654 214,608
Additions 91,437 169,000 - 260,437
As at 29 February 2024 159,608 310,783 4,654 475,045
Depreciation
As at 1 March 2023 10,224 21,271 1,164 32,659
Provided during the period 22,409 43,428 873 66,710
As at 29 February 2024 32,633 64,699 2,037 99,369
Net Book Value
As at 29 February 2024 126,975 246,084 2,617 375,676
As at 1 March 2023 57,947 120,512 3,490 181,949
6. Stocks
2024 2023
£ £
Stock 14,250 12,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,777 13,827
Prepayments and accrued income 10,500 10,500
29,277 24,327
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,570 17,136
Other taxes and social security 2,017 1,260
VAT 45,157 20,722
Other creditors 372,614 -
Accruals and deferred income 2,500 1,500
Director's loan account - 209,141
442,858 249,759
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 14,400 15,000
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Page 5
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5