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REGISTERED NUMBER: 07742375 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TISA EXCHANGE LIMITED

TISA EXCHANGE LIMITED (REGISTERED NUMBER: 07742375)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TISA EXCHANGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs. C. L. Knight
Mr. A. Cole
Mr. M. J. Morecroft
Mr. D. J. Moffat
Mrs. K. T. Sartorius
Mr. H. P. Thorman
Miss. N. Goodwin
Mr. K. Bharucha


SECRETARY: Mr N D Jacques-Pettinger


REGISTERED OFFICE: Dakota House
25 Falcon Court
Preston Farm Business Park
Stockton on Tees
TS18 3TX


REGISTERED NUMBER: 07742375 (England and Wales)


SENIOR STATUTORY AUDITOR: Anne Cowley BA FCA


AUDITORS: Baines Jewitt Limited
Spitfire House
19 Falcon Court
Stockton-on-Tees
TS18 3TU


BANKERS: Barclays Bank Plc
28-32 Albert Road
Middlesbrough
TS1 2RQ

TISA EXCHANGE LIMITED (REGISTERED NUMBER: 07742375)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 5 254,561 255,348
Cash at bank 783,064 738,326
1,037,625 993,674
CREDITORS
Amounts falling due within one year 6 540,404 588,925
NET CURRENT ASSETS 497,221 404,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,221

404,749

RESERVES
Income and expenditure account 497,221 404,749
497,221 404,749

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Mrs. C. L. Knight - Director


TISA EXCHANGE LIMITED (REGISTERED NUMBER: 07742375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

TISA Exchange Limited is a private company, limited by guarantee , 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities, Turnover is recognised when services are supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Directors and employees
The company has no employees other than the directors. The directors are remunerated by the Tax Incentivised Savings Association (TISA), and recharges have been made from TISA to this company in the year in relation to the services provided by the directors.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023
and 30 June 2024 21,675
DEPRECIATION
At 1 July 2023
and 30 June 2024 21,675
NET BOOK VALUE
At 30 June 2024 -

TISA EXCHANGE LIMITED (REGISTERED NUMBER: 07742375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 211,079 238,198
Other debtors 24,960 -
Prepayments and accrued income 18,522 17,150
254,561 255,348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 2,616 9,525
VAT 74,950 91,018
Other creditors 227 -
Accruals and deferred income 462,611 488,382
540,404 588,925

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anne Cowley BA FCA (Senior Statutory Auditor)
for and on behalf of Baines Jewitt Limited

8. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee as defined in the Companies Act 2006. The liability of the members is limited. Every member of the company undertakes to contribute such amount as may be required (not exceeding £1) to the company's assets if it is wound up while they are a member or within one year after to ceasing to be a member,for payment of the company's debts and liabilities contracted before they cease to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributions amongst themselves.