3 2 TSCI UK Limited 12774433 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 12774433 2023-07-01 2024-06-30 12774433 2024-06-30 12774433 core:CurrentFinancialInstruments 2024-06-30 12774433 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12774433 core:Non-currentFinancialInstruments 2024-06-30 12774433 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 12774433 core:FurnitureFittings 2024-06-30 12774433 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 12774433 bus:SmallEntities 2023-07-01 2024-06-30 12774433 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12774433 bus:FilletedAccounts 2023-07-01 2024-06-30 12774433 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12774433 bus:RegisteredOffice 2023-07-01 2024-06-30 12774433 bus:Director1 2023-07-01 2024-06-30 12774433 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12774433 bus:Agent1 2023-07-01 2024-06-30 12774433 core:FurnitureFittings 2023-07-01 2024-06-30 12774433 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12774433 countries:EnglandWales 2023-07-01 2024-06-30 12774433 2023-06-30 12774433 core:FurnitureFittings 2023-06-30 12774433 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 12774433 2022-07-01 2023-06-30 12774433 2023-06-30 12774433 core:CurrentFinancialInstruments 2023-06-30 12774433 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12774433 core:Non-currentFinancialInstruments 2023-06-30 12774433 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 12774433 core:FurnitureFittings 2023-06-30 12774433 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 12774433

TSCI UK Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

TSCI UK Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

TSCI UK Limited

Company Information

Director

Mr Andrew Whatley

Registered office

c/o Imperium Tax & Accounting Ltd
Unit 2F17, The Square
Basing View
Basingstoke
Hampshire
RG21 4EB

Accountants

Imperium Tax And Accounting Limited Unit 2F17, The Square
Basing View
Basingstoke
Hampshire
RG21 4EB

 

TSCI UK Limited

(Registration number: 12774433)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

184,357

180,405

Current assets

 

Cash at bank and in hand

 

296

2,735

Creditors: Amounts falling due within one year

5

(6,784)

(1,750)

Net current (liabilities)/assets

 

(6,488)

985

Total assets less current liabilities

 

177,869

181,390

Creditors: Amounts falling due after more than one year

5

(169,980)

(162,536)

Net assets

 

7,889

18,854

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

7,789

18,754

Shareholders' funds

 

7,889

18,854

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 March 2025
 

.........................................
Mr Andrew Whatley
Director

 

TSCI UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Imperium Tax & Accounting Ltd
Unit 2F17, The Square
Basing View
Basingstoke
Hampshire
RG21 4EB

These financial statements were authorised for issue by the director on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

TSCI UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

TSCI UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

175,541

6,080

181,621

Additions

5,168

-

5,168

At 30 June 2024

180,709

6,080

186,789

Depreciation

At 1 July 2023

-

1,216

1,216

Charge for the year

-

1,216

1,216

At 30 June 2024

-

2,432

2,432

Carrying amount

At 30 June 2024

180,709

3,648

184,357

At 30 June 2023

175,541

4,864

180,405

Included within the net book value of land and buildings above is £180,709 (2023 - £175,541) in respect of freehold land and buildings.
 

 

TSCI UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,484

-

Accruals and deferred income

 

2,300

1,750

 

6,784

1,750

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

169,980

162,536

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

103,510

-

Other borrowings

66,470

162,536

169,980

162,536

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,484

-