Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30truetrue2023-05-01falseNo description of principal activity35The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02041304 2023-05-01 2024-04-30 02041304 2022-05-01 2023-04-30 02041304 2024-04-30 02041304 2023-04-30 02041304 c:Director1 2023-05-01 2024-04-30 02041304 d:Buildings 2023-05-01 2024-04-30 02041304 d:Buildings 2024-04-30 02041304 d:Buildings 2023-04-30 02041304 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02041304 d:OfficeEquipment 2023-05-01 2024-04-30 02041304 d:OfficeEquipment 2024-04-30 02041304 d:OfficeEquipment 2023-04-30 02041304 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02041304 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02041304 d:FreeholdInvestmentProperty 2024-04-30 02041304 d:FreeholdInvestmentProperty 2023-04-30 02041304 d:CurrentFinancialInstruments 2024-04-30 02041304 d:CurrentFinancialInstruments 2023-04-30 02041304 d:Non-currentFinancialInstruments 2024-04-30 02041304 d:Non-currentFinancialInstruments 2023-04-30 02041304 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02041304 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02041304 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02041304 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02041304 d:ShareCapital 2024-04-30 02041304 d:ShareCapital 2023-04-30 02041304 d:SharePremium 2024-04-30 02041304 d:SharePremium 2023-04-30 02041304 d:CapitalRedemptionReserve 2024-04-30 02041304 d:CapitalRedemptionReserve 2023-04-30 02041304 d:InvestmentPropertiesRevaluationReserve 2024-04-30 02041304 d:InvestmentPropertiesRevaluationReserve 2023-04-30 02041304 d:RetainedEarningsAccumulatedLosses 2024-04-30 02041304 d:RetainedEarningsAccumulatedLosses 2023-04-30 02041304 c:FRS102 2023-05-01 2024-04-30 02041304 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02041304 c:FullAccounts 2023-05-01 2024-04-30 02041304 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02041304 2 2023-05-01 2024-04-30 02041304 6 2023-05-01 2024-04-30 02041304 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 02041304









TSA GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
TSA GROUP LIMITED
REGISTERED NUMBER: 02041304

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023 as restated
Note
£
£

Fixed assets
  

Tangible assets
 4 
250,447
256,555

Investments
 5 
100
100

Investment property
 6 
450,000
450,000

  
700,547
706,655

Current assets
  

Stocks
  
1,949,728
1,949,728

Debtors: amounts falling due within one year
 7 
1,103
384

Cash at bank and in hand
  
219,714
156,394

  
2,170,545
2,106,506

Creditors: amounts falling due within one year
 8 
(479,204)
(494,515)

Net current assets
  
 
 
1,691,341
 
 
1,611,991

Total assets less current liabilities
  
2,391,888
2,318,646

Creditors: amounts falling due after more than one year
 9 
(150,000)
(150,000)

Provisions for liabilities
  

Deferred tax
  
(24,529)
(24,529)

  
 
 
(24,529)
 
 
(24,529)

Net assets
  
2,217,359
2,144,117


Capital and reserves
  

Called up share capital 
  
128
128

Share premium account
  
399,972
399,972

Capital redemption reserve
  
1,608
1,608

Investment property reserve
  
73,587
73,587

Profit and loss account
  
1,742,064
1,668,822

  
2,217,359
2,144,117


Page 1

 
TSA GROUP LIMITED
REGISTERED NUMBER: 02041304

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 January 2025.




D E Wheeler
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TSA GROUP LIMITED
 

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

1.


General information

TSA Group Limited is a private company, limited by shares, incorporated in England and Wales with the registration number 02041304. The address of the registered office is Appletree Farmhouse, Smee Lane, Great Plumstead, Norwich NR13 5AX. 
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TSA GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
TSA GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Stocks and work in progress

Stocks and work in progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 5).

Page 5

 
TSA GROUP LIMITED
 

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

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 May 2023
305,423
16,478
321,901



At 30 April 2024

305,423
16,478
321,901



Depreciation


At 1 May 2023
48,868
16,478
65,346


Charge for the year on owned assets
6,108
-
6,108



At 30 April 2024

54,976
16,478
71,454



Net book value



At 30 April 2024
250,447
-
250,447



At 30 April 2023
256,555
-
256,555


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
100



At 30 April 2024
100




Page 6

 
TSA GROUP LIMITED
 

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

6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
450,000



At 30 April 2024
450,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
351,884
351,884


7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1,103
384



8.


Creditors: Amounts falling due within one year

2024
2023 as restated
£
£

Trade creditors
83,072
99,232

Corporation tax
27,116
16,458

Other taxation and social security
5,363
5,316

Other creditors
363,653
373,509

479,204
494,515



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
150,000
150,000


Page 7

 
TSA GROUP LIMITED
 

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

10.


Prior year adjustment

The financial statements contain two adjustments relating to prior year accounts, the adjustments made are as follows:
In the previous year an amount of £18,397 was incorrectly recognised as deferred income whilst it should have be recognised as income in that year.
Deferred tax on a potential capital gain on the freehold investment was not recognised previously.
Both of the above amendments have been made in the current financial statements and prior year figures are restated where applicable.


Page 8