Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3112023-06-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC423548 2023-06-01 2024-05-31 SC423548 2022-06-01 2023-05-31 SC423548 2024-05-31 SC423548 2023-05-31 SC423548 c:Director1 2023-06-01 2024-05-31 SC423548 c:RegisteredOffice 2023-06-01 2024-05-31 SC423548 d:OfficeEquipment 2023-06-01 2024-05-31 SC423548 d:OfficeEquipment 2024-05-31 SC423548 d:OfficeEquipment 2023-05-31 SC423548 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC423548 d:CurrentFinancialInstruments 2024-05-31 SC423548 d:CurrentFinancialInstruments 2023-05-31 SC423548 d:Non-currentFinancialInstruments 2024-05-31 SC423548 d:Non-currentFinancialInstruments 2023-05-31 SC423548 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC423548 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC423548 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC423548 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC423548 d:ShareCapital 2024-05-31 SC423548 d:ShareCapital 2023-05-31 SC423548 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC423548 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC423548 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC423548 c:OrdinaryShareClass1 2024-05-31 SC423548 c:OrdinaryShareClass1 2023-05-31 SC423548 c:FRS102 2023-06-01 2024-05-31 SC423548 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC423548 c:FullAccounts 2023-06-01 2024-05-31 SC423548 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC423548 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC423548










TCM (LSS) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
TCM (LSS) LIMITED
 

COMPANY INFORMATION


DIRECTOR
James Scott Cowper 




REGISTERED NUMBER
SC423548



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
TCM (LSS) LIMITED
REGISTERED NUMBER: SC423548

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,229
2,547

  
2,229
2,547

CURRENT ASSETS
  

Cash at bank and in hand
  
57,615
24,286

  
57,615
24,286

Creditors: amounts falling due within one year
 5 
(30,366)
(21,904)

NET CURRENT ASSETS
  
 
 
27,249
 
 
2,382

TOTAL ASSETS LESS CURRENT LIABILITIES
  
29,478
4,929

Creditors: amounts falling due after more than one year
 6 
(4,403)
(8,077)

  

NET ASSETS/(LIABILITIES)
  
25,075
(3,148)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
5,000
5,000

Profit and loss account
  
20,075
(8,148)

  
25,075
(3,148)


Page 1

 
TCM (LSS) LIMITED
REGISTERED NUMBER: SC423548

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 director acknowledges his 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 20 February 2025.


James Scott Cowper
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TCM (LSS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

TCM (LSS) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC423548.  The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. 
The financial statements are presented in Sterling which is the functional currency of the Company 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

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

TAXATION

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 reporting date in the countries where the Company operates and generates income.


Page 3

 
TCM (LSS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
12.5%
reducing balance

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.

 
2.5

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
TCM (LSS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


TANGIBLE FIXED ASSETS





Office equipment

£



COST OR VALUATION


At 1 June 2023
3,667



At 31 May 2024

3,667



DEPRECIATION


At 1 June 2023
1,120


Charge for the year on owned assets
318



At 31 May 2024

1,438



NET BOOK VALUE



At 31 May 2024
2,229



At 31 May 2023
2,547


5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Accruals and deferred income
2,500
1,330

Other creditors
10,134
10,134

Other taxation and social security
14,059
6,858

Bank loans
3,673
3,582

30,366
21,904


Page 5

 
TCM (LSS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
4,403
8,077

4,403
8,077



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



500,000 (2023 - 500,000) Ordinary shares of 0.01 each
5,000
5,000



Page 6