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REGISTERED NUMBER: 04918266 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TX SQUARED LTD

TX SQUARED LTD (REGISTERED NUMBER: 04918266)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TX SQUARED LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Mr R J Baker





SECRETARY: Ms L Baker





REGISTERED OFFICE: Hanami, 6 Broadgate Farm
Hook Road
Ampfield
Romsey
Hampshire
SO51 9AU





REGISTERED NUMBER: 04918266 (England and Wales)






TX SQUARED LTD (REGISTERED NUMBER: 04918266)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,447 3,374
Investments 7 674 674
2,121 4,048

CURRENT ASSETS
Debtors 8 414,571 461,068
Cash at bank 8,051 -
422,622 461,068
CREDITORS
Amounts falling due within one year 9 73,645 101,766
NET CURRENT ASSETS 348,977 359,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,098

363,350

CREDITORS
Amounts falling due after more than one year 10 (30,800 ) (40,480 )

PROVISIONS FOR LIABILITIES (275 ) (844 )
NET ASSETS 320,023 322,026

CAPITAL AND RESERVES
Called up share capital 12 50,000 50,000
Retained earnings 270,023 272,026
SHAREHOLDERS' FUNDS 320,023 322,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

TX SQUARED LTD (REGISTERED NUMBER: 04918266)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

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





Mr R J Baker - Director


TX SQUARED LTD (REGISTERED NUMBER: 04918266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

TX Squared Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 2008, has been amortised evenly over its estimated useful life of eight 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, machinery and equipment - 50% straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

TX SQUARED LTD (REGISTERED NUMBER: 04918266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


3. ACCOUNTING POLICIES - continued

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

Debtors and creditors receivable / payable 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.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 8,000
AMORTISATION
At 1st January 2024
and 31st December 2024 8,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

6. TANGIBLE FIXED ASSETS
Plant,
machinery
and
equipment
£   
COST
At 1st January 2024 71,978
Additions 778
Disposals (2,000 )
At 31st December 2024 70,756
DEPRECIATION
At 1st January 2024 68,604
Charge for year 2,705
Eliminated on disposal (2,000 )
At 31st December 2024 69,309
NET BOOK VALUE
At 31st December 2024 1,447
At 31st December 2023 3,374

TX SQUARED LTD (REGISTERED NUMBER: 04918266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 674
NET BOOK VALUE
At 31st December 2024 674
At 31st December 2023 674

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,475 13,845
Amounts owed by group undertakings 355,486 447,223
Other debtors 44,610 -
414,571 461,068

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,003 33,156
Taxation and social security 34,221 25,710
Other creditors 32,421 42,900
73,645 101,766

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,800 34,717
Other creditors - 5,763
30,800 40,480

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 37,803 51,224

Included in bank loans is £37,803 that relates to the Coronavirus Bounce Back Loan Scheme which has a government-backed guarantee against the outstanding facility balance.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

TX SQUARED LTD (REGISTERED NUMBER: 04918266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£    £   
Mr R J Baker
Balance outstanding at start of year - -
Amounts advanced 48,455 34,233
Amounts repaid (3,845 ) (34,233 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,610 -

This loan was unsecured with interest charged on overdrawn balances at HMRC approved rates and the repayment date was unspecified.