Registered number
10451135
TJD Grab Services Limited
Filleted Accounts
31 October 2024
TJD Grab Services Limited
Registered number: 10451135
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 372,302 339,404
Current assets
Debtors 4 323,567 246,095
Cash at bank and in hand 45,425 62,302
368,992 308,397
Creditors: amounts falling due within one year 5 (165,544) (157,206)
Net current assets 203,448 151,191
Total assets less current liabilities 575,750 490,595
Creditors: amounts falling due after more than one year 6 (143,724) (167,221)
Net assets 432,026 323,374
Capital and reserves
Called up share capital 100 100
Profit and loss account 431,926 323,274
Shareholder's funds 432,026 323,374
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Dyer
Director
Approved by the board on 15 January 2025
TJD Grab Services Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 34,127 523,272 48,892 606,291
Additions - 74,647 72,745 147,392
Disposals - (58,500) - (58,500)
At 31 October 2024 34,127 539,419 121,637 695,183
Depreciation
At 1 November 2023 - 250,617 16,270 266,887
Charge for the year - 63,469 21,073 84,542
On disposals - (28,548) - (28,548)
At 31 October 2024 - 285,538 37,343 322,881
Net book value
At 31 October 2024 34,127 253,881 84,294 372,302
At 31 October 2023 34,127 272,655 32,622 339,404
4 Debtors 2024 2023
£ £
Trade debtors 296,886 227,771
Other debtors 26,681 18,324
323,567 246,095
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 21,546 10,200
Obligations under finance lease and hire purchase contracts 52,987 59,000
Trade creditors 6,000 -
Taxation and social security costs 65,010 58,006
Other creditors 20,001 30,000
165,544 157,206
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 26,263 15,833
Obligations under finance lease and hire purchase contracts 90,403 85,629
Other creditors 27,058 65,759
143,724 167,221
7 Controlling party
The company considers the director to be its controlling party.
8 Other information
TJD Grab Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
88 Elmshurst Gardens
Tonbridge
Kent
TN10 3QY
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