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Registration number: 08046082

TDI Solutions (UK) Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

TDI Solutions (UK) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

TDI Solutions (UK) Limited

(Registration number: 08046082)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,054

-

Tangible assets

5

26,601

35,183

 

27,655

35,183

Current assets

 

Debtors

6

525,032

976,175

Cash at bank and in hand

 

826,415

1,082,709

 

1,351,447

2,058,884

Creditors: Amounts falling due within one year

7

(394,686)

(931,309)

Net current assets

 

956,761

1,127,575

Total assets less current liabilities

 

984,416

1,162,758

Provisions for liabilities

(5,255)

-

Net assets

 

979,161

1,162,758

Capital and reserves

 

Called up share capital

200

200

Retained earnings

978,961

1,162,558

Shareholders' funds

 

979,161

1,162,758

 

TDI Solutions (UK) Limited

(Registration number: 08046082)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
Mr Antony George Heath
Company secretary and director

 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18-20 High Street
Stevenage
Hertfordshire
SG1 3EJ
England

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Amortisation method and rate

Website costs

25% reducing balance

Goodwill

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. Trade debtors are reviewed quarterly for any bad debts, any adjustment is made accordingly through the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Goodwill
 £

Website costs
£

Total
£

Cost or valuation

At 1 May 2023

500,000

-

500,000

Additions acquired separately

-

1,100

1,100

At 30 April 2024

500,000

1,100

501,100

Amortisation

At 1 May 2023

500,000

-

500,000

Amortisation charge

-

46

46

At 30 April 2024

500,000

46

500,046

Carrying amount

At 30 April 2024

-

1,054

1,054

 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2023

61,512

12,000

14,122

87,634

Additions

-

-

266

266

At 30 April 2024

61,512

12,000

14,388

87,900

Depreciation

At 1 May 2023

32,207

9,152

11,092

52,451

Charge for the year

7,326

712

810

8,848

At 30 April 2024

39,533

9,864

11,902

61,299

Carrying amount

At 30 April 2024

21,979

2,136

2,486

26,601

At 30 April 2023

29,305

2,848

3,030

35,183

6

Debtors

Current

2024
£

2023
£

Trade debtors

517,408

962,670

Prepayments

4,018

2,216

Other debtors

3,606

11,289

 

525,032

976,175

 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

264,194

808,920

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

15,519

-

Taxation and social security

 

89,935

119,635

Accruals and deferred income

 

3,150

-

Other creditors

 

21,888

2,754

 

394,686

931,309

8

Dividends

2024

2023

£

£

Interim dividend of £2,070.00 (2023 - £1,760.00) per ordinary share

414,000

352,000

 

 
 

TDI Solutions (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

David John Cooper

(980)

98,992

(103,812)

(5,800)

Mr Antony George Heath

(772)

502

-

(270)

Iain Cottington

(1,002)

98,997

(103,812)

(5,817)

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

David John Cooper

(668)

91,043

(91,355)

(980)

Mr Antony George Heath

(910)

3,480

(3,342)

(772)

Iain Cottington

(690)

91,056

(91,368)

(1,002)

These loans are provided interest free and are repayable on demand.

Summary of transactions with other related parties

At the balance sheet date, the company owed £15,519 to M Tech 66 Limited, a company connected by common directorship. This loan is interest free and repayable on demand.

10

Ultimate controlling party

The ultimate controlling party is Mr. Antony George Heath, by virtue of his shareholding.