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REGISTERED NUMBER: 08836208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

TLS Drainage Ltd

TLS Drainage Ltd (Registered number: 08836208)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TLS Drainage Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: TL Smith
BT Smith
Mrs MF Smith





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 08836208 (England and Wales)





ACCOUNTANTS: Lawrence & Company
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

TLS Drainage Ltd (Registered number: 08836208)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,592 94,642

CURRENT ASSETS
Debtors 5 196,904 182,695
Cash at bank 505,083 427,898
701,987 610,593
CREDITORS
Amounts falling due within one year 6 224,559 209,229
NET CURRENT ASSETS 477,428 401,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,020

496,006

CREDITORS
Amounts falling due after more than one
year

7

59,840

-
NET ASSETS 610,180 496,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 610,080 495,906
SHAREHOLDERS' FUNDS 610,180 496,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TLS Drainage Ltd (Registered number: 08836208)

Balance Sheet - continued
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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2024 and were signed on its behalf by:





TL Smith - Director


TLS Drainage Ltd (Registered number: 08836208)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TLS Drainage Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

TLS Drainage Ltd (Registered number: 08836208)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 72,083 10,913 189,439 3,338 275,773
Additions 2,880 - 257,425 450 260,755
Disposals - - (124,799 ) - (124,799 )
At 31 March 2024 74,963 10,913 322,065 3,788 411,729
DEPRECIATION
At 1 April 2023 54,141 5,345 120,227 1,418 181,131
Charge for year 5,506 835 56,922 593 63,856
Eliminated on disposal - - (25,850 ) - (25,850 )
At 31 March 2024 59,647 6,180 151,299 2,011 219,137
NET BOOK VALUE
At 31 March 2024 15,316 4,733 170,766 1,777 192,592
At 31 March 2023 17,942 5,568 69,212 1,920 94,642

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 130,821
At 31 March 2024 130,821
DEPRECIATION
Charge for year 32,705
At 31 March 2024 32,705
NET BOOK VALUE
At 31 March 2024 98,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 182,713 178,570
Prepayments 14,191 4,125
196,904 182,695

TLS Drainage Ltd (Registered number: 08836208)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,746 -
Trade creditors 15,477 6,731
Tax 91,623 116,864
Social security and other taxes 102,402 78,235
Other creditors 3,462 3,342
Directors' current accounts 849 1,659
Accrued expenses 2,000 2,398
224,559 209,229

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 59,840 -

8. RESERVES
Retained
earnings
£   

At 1 April 2023 495,906
Profit for the year 372,374
Dividends (258,200 )
At 31 March 2024 610,080

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
TL Smith and BT Smith
Balance outstanding at start of year (1,659 ) (99,901 )
Amounts advanced (97,169 ) (78,471 )
Amounts repaid 97,979 176,713
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (849 ) (1,659 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £258,200 (2023 - £357,736) were paid to the directors .

Along with many companies of similar size and nature it operates a directors loan account to facilitate some of its financial transactions the movements are summarised above.