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TSS TRADING LIMITED

Registered Number
10092374
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

TSS TRADING LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Jasmail Singh Sanghera
Tarran Singh Sanghera

Registered Address

109b Barkby Road
Leicester
LE4 9LG

Registered Number

10092374 (England and Wales)
TSS TRADING LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets319,20024,000
Tangible assets4-184
19,20024,184
Current assets
Debtors530,12033,726
Cash at bank and on hand37,36126,149
67,48159,875
Creditors amounts falling due within one year6(70,205)(57,289)
Net current assets (liabilities)(2,724)2,586
Total assets less current liabilities16,47626,770
Creditors amounts falling due after one year7(5,720)(13,773)
Net assets10,75612,997
Capital and reserves
Called up share capital100100
Profit and loss account10,65612,897
Shareholders' funds10,75612,997
The financial statements were approved and authorised for issue by the Board of Directors on 4 February 2025, and are signed on its behalf by:
Jasmail Singh Sanghera
Director
Tarran Singh Sanghera
Director

Registered Company No. 10092374
TSS TRADING LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 February 2324,00024,000
At 31 January 2424,00024,000
Amortisation and impairment
Charge for year4,8004,800
At 31 January 244,8004,800
Net book value
At 31 January 2419,20019,200
At 31 January 2324,00024,000
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 February 23983983
At 31 January 24983983
Depreciation and impairment
At 01 February 23799799
Charge for year184184
At 31 January 24983983
Net book value
At 31 January 24--
At 31 January 23184184
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,0932,700
Other debtors22,77622,776
Prepayments and accrued income4,2518,250
Total30,12033,726
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables325915
Bank borrowings and overdrafts4,105-
Taxation and social security15,12213,050
Other creditors48,85242,323
Accrued liabilities and deferred income1,8011,001
Total70,20557,289
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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,72013,773
Total5,72013,773