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REGISTERED NUMBER: 13448287 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

TDS Financial Ltd

TDS Financial Ltd (Registered number: 13448287)

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


TDS Financial Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs D Sareen
T P S Sareen





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
TN2 5TN





REGISTERED NUMBER: 13448287 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

TDS Financial Ltd (Registered number: 13448287)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,093 2,676

CURRENT ASSETS
Debtors 5 294 179
Cash at bank and in hand 133,296 30,520
133,590 30,699
CREDITORS
Amounts falling due within one year 6 130,800 32,861
NET CURRENT ASSETS/(LIABILITIES) 2,790 (2,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,883

514

CREDITORS
Amounts falling due after more than one
year

7

466

-
NET ASSETS 5,417 514

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 5,316 413
SHAREHOLDERS' FUNDS 5,417 514

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.

TDS Financial Ltd (Registered number: 13448287)

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 16 January 2025 and were signed on its behalf by:





T P S Sareen - Director


TDS Financial Ltd (Registered number: 13448287)

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


1. STATUTORY INFORMATION

TDS Financial 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

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 & machinery - 25% straight line basis

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.

TDS Financial Ltd (Registered number: 13448287)

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


2. ACCOUNTING POLICIES - continued

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.

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate deficit or surplus arising from changes in fair value is recognised through profit and loss.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.

Pension costs
The company contributes to personal pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 3,345
Additions 1,399
At 31 March 2024 4,744
DEPRECIATION
At 1 April 2023 669
Charge for year 982
At 31 March 2024 1,651
NET BOOK VALUE
At 31 March 2024 3,093
At 31 March 2023 2,676

TDS Financial Ltd (Registered number: 13448287)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,285
DEPRECIATION
At 1 April 2023
and 31 March 2024 603
NET BOOK VALUE
At 31 March 2024 682
At 31 March 2023 682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 294 179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 22,583 4,914
Other creditors 108,217 27,947
130,800 32,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 466 -

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £45,859 (2023 £3,028) to the directors. This loan to the company is interest free, with no fixed repayment date, and is included in other creditors in the accounts.