for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Additional information
The business is active in the provision of compliance consultancy and commission processing services to firms of financial advisers which facilitate the sale of financial products. As a consequence, the Company’s activities are regulated, and this gives rise to a number of risks. The Company operates a strict compliance regime to mitigate such risks. Competitive pressure is a continuing risk for the Company, which could result in it losing sales to its key competitors. The Company manages this risk by providing added value services to its clients, having fast response times not only in supplying compliance consultancy and its other services, but also in handling all client queries and by maintaining strong relationships with its clients. Group risks are discussed in the ultimate parent undertaking’s annual report which does not form part of this report. On 26th June 2024 TFAS Enterprises Limited acquired the share capital of Tenet Compliance services and subsequently changed the name of the entity to TFAS Compliance Services.
Directors
The directors shown below have held office during the whole of the period from
1 October 2022
to
31 December 2023
The director shown below has held office during the period of
1 October 2022
to
10 May 2023
The director shown below has held office during the period of
1 October 2022
to
9 May 2023
The director shown below has held office during the period of
1 October 2022
to
5 May 2023
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
15 months to 31 December 2023 | 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
( |
( |
Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Tax: |
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(
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Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 15 months to 31 December 2023 | 2022 | |
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£ |
£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Debtors: | 3 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
( |
( |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 December 2023
15 months to 31 December 2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
15 months to 31 December 2023 | 2022 | |
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£ | £ | |
Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 December 2023
15 months to 31 December 2023 | 2022 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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