Company registration number 11320864 (England and Wales)
TCS&D EVENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
TCS&D EVENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
TCS&D EVENTS LIMITED (REGISTERED NUMBER: 11320864)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,000
12,500
Tangible assets
4
1,047
1,083
11,047
13,583
Current assets
Debtors
5
322,763
141,395
Cash at bank and in hand
51,752
17,928
374,515
159,323
Creditors: amounts falling due within one year
6
(367,954)
(91,584)
Net current assets
6,561
67,739
Total assets less current liabilities
17,608
81,322
Creditors: amounts falling due after more than one year
7
(17,370)
(27,445)
Net assets
238
53,877
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
138
53,777
Total equity
238
53,877
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
TCS&D EVENTS LIMITED (REGISTERED NUMBER: 11320864)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 February 2025 and are signed on its behalf by:
R W Cogan
Director
TCS&D EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information
TCS&D Events Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
1.3
Intangible fixed assets - goodwill
Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
TCS&D EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
25,000
Amortisation and impairment
At 1 August 2023
12,500
Amortisation charged for the year
2,500
At 31 July 2024
15,000
Carrying amount
At 31 July 2024
10,000
At 31 July 2023
12,500
TCS&D EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023
1,686
Additions
487
At 31 July 2024
2,173
Depreciation and impairment
At 1 August 2023
603
Depreciation charged in the year
523
At 31 July 2024
1,126
Carrying amount
At 31 July 2024
1,047
At 31 July 2023
1,083
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
95,161
34,171
Other debtors
227,602
107,224
322,763
141,395
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,077
9,829
Trade creditors
1,695
Taxation and social security
31,666
39,260
Other creditors
324,516
42,495
367,954
91,584
TCS&D EVENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
17,370
27,445
8
Financial commitments, guarantees and contingent liabilities
During 2021, the company borrowed £50,000 from its bankers as a Bounce Back Loan. As part of this loan scheme, the UK government has guaranteed the advance and paid the interest and fees due for the first 12 months. As at the balance sheet date, the balance outstanding was £27,448.
9
Directors' transactions
At the balance sheet date, loans of £14,339 (2023 - £3,339 ) and £14,659 (2023 - £8,429 ) were owed by directors of the company. These balances, which are included in other debtors, are interest free and repayable on demand.