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REGISTERED NUMBER: 07748860 (England and Wales)








Unaudited Financial Statements

for the Period

1 September 2023 to 31 December 2024

for

TSO Construction Limited

TSO Construction Limited (Registered number: 07748860)

Contents of the Financial Statements
for the Period 1 September 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TSO Construction Limited

Company Information
for the Period 1 September 2023 to 31 December 2024







DIRECTOR: C D Barr





SECRETARY: Mrs K N Barr





REGISTERED OFFICE: Wessex House
Upper Market Street
Eastleigh
Southampton
Hampshire
SO50 9FD





REGISTERED NUMBER: 07748860 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

TSO Construction Limited (Registered number: 07748860)

Balance Sheet
31 December 2024

31.12.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,923 56
27,923 56

CURRENT ASSETS
Stocks 39,932 244
Debtors 6 100,937 17,320
Cash at bank 52,656 36,874
193,525 54,438
CREDITORS
Amounts falling due within one year 7 159,403 33,453
NET CURRENT ASSETS 34,122 20,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,045

21,041

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

(20,000

)

PROVISIONS FOR LIABILITIES 9 (5,305 ) -
NET ASSETS 50,073 1,041

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 49,973 941
SHAREHOLDERS' FUNDS 50,073 1,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TSO Construction Limited (Registered number: 07748860)

Balance Sheet - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





C D Barr - Director


TSO Construction Limited (Registered number: 07748860)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 December 2024


1. STATUTORY INFORMATION

TSO Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


TSO Construction Limited (Registered number: 07748860)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

TSO Construction Limited (Registered number: 07748860)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 December 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 December 2024 10,000
AMORTISATION
At 1 September 2023
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 18,413 - 18,413
Additions 15,337 25,000 40,337
At 31 December 2024 33,750 25,000 58,750
DEPRECIATION
At 1 September 2023 18,357 - 18,357
Charge for period 4,137 8,333 12,470
At 31 December 2024 22,494 8,333 30,827
NET BOOK VALUE
At 31 December 2024 11,256 16,667 27,923
At 31 August 2023 56 - 56

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.8.23
£    £   
Trade debtors 77,615 960
Other debtors 23,322 16,360
100,937 17,320

TSO Construction Limited (Registered number: 07748860)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 109,691 -
Taxation and social security 17,284 21,862
Other creditors 22,428 1,591
159,403 33,453

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.8.23
£    £   
Bank loans 6,667 20,000

9. PROVISIONS FOR LIABILITIES
31.12.24 31.8.23
£    £   
Deferred tax 5,305 -

Deferred
tax
£   
Accelerated capital allowances 5,305
Balance at 31 December 2024 5,305

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.8.23
value: £    £   
100 Ordindary Share £1 100 100