10 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06692576 2024-01-01 2024-12-31 06692576 2024-12-31 06692576 2023-12-31 06692576 2023-01-01 2023-12-31 06692576 2023-12-31 06692576 2022-12-31 06692576 bus:RegisteredOffice 2024-01-01 2024-12-31 06692576 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 06692576 bus:Director1 2024-01-01 2024-12-31 06692576 bus:Director2 2024-01-01 2024-12-31 06692576 bus:CompanySecretary1 2024-01-01 2024-12-31 06692576 core:FurnitureFittingsToolsEquipment 2023-12-31 06692576 core:FurnitureFittingsToolsEquipment 2024-12-31 06692576 core:WithinOneYear 2024-12-31 06692576 core:WithinOneYear 2023-12-31 06692576 core:ShareCapital 2024-12-31 06692576 core:ShareCapital 2023-12-31 06692576 core:SharePremium 2024-12-31 06692576 core:SharePremium 2023-12-31 06692576 core:RetainedEarningsAccumulatedLosses 2024-12-31 06692576 core:RetainedEarningsAccumulatedLosses 2023-12-31 06692576 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 06692576 core:FurnitureFittingsToolsEquipment 2023-12-31 06692576 bus:SmallEntities 2024-01-01 2024-12-31 06692576 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06692576 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06692576 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06692576 bus:FullAccounts 2024-01-01 2024-12-31 06692576 core:ComputerEquipment 2023-12-31 06692576 core:ComputerEquipment 2024-01-01 2024-12-31 06692576 core:ComputerEquipment 2024-12-31 06692576 1 2024-01-01 2024-12-31
Company registration number: 06692576
Tezlom Ltd
Trading as Tezlom
Unaudited filleted financial statements
31 December 2024
Tezlom Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Tezlom Ltd
Directors and other information
Directors Mrs Rosalind Armitage
Mr Ryan Armitage
Secretary Mrs Rosalind Armitage
Company number 06692576
Registered office 20 Hoghton Street
Southport
Merseyside
RP9 0NX
Accountants Forshaws Chartered Accountants
Crossens Way Business Park
Crossens Way
Southport
Merseyside
PR9 9LY
Tezlom Ltd
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 2,127 3,136
_______ _______
2,127 3,136
Current assets
Stocks 18,500 18,433
Debtors 6 378,810 234,612
Cash at bank and in hand 75,149 253,261
_______ _______
472,459 506,306
Creditors: amounts falling due
within one year 7 ( 384,716) ( 321,857)
_______ _______
Net current assets 87,743 184,449
_______ _______
Total assets less current liabilities 89,870 187,585
_______ _______
Net assets 89,870 187,585
_______ _______
Capital and reserves
Called up share capital 100 100
Share premium account ( 24,940) ( 24,940)
Profit and loss account 114,710 212,425
_______ _______
Shareholders funds 89,870 187,585
_______ _______
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:
Mrs Rosalind Armitage
Director
Company registration number: 06692576
Tezlom Ltd
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 20 Hoghton Street, Southport, Merseyside, RP9 0NX.
The principal activity of the company is that of temporary employment agency activities.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. Should the existing facilities not be sufficient to fund the company's working capital for the period ending 12 months from the date of approval of these financial statements, the Directors have considered alternative sources of financing, including, but not restricted to, additional support from its shareholders, and understand these funds would provide sufficient resource to meet any shortfall which may arise under agreed facilities.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25% Straight line
Computer equipment - 33% Straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 11 ).
5. Tangible assets
Fixtures, fittings and equipment Computer equipment Total
£ £ £
Cost
At 1 January 2024 1,339 14,411 15,750
Additions 106 512 618
_______ _______ _______
At 31 December 2024 1,445 14,923 16,368
_______ _______ _______
Depreciation
At 1 January 2024 335 12,279 12,614
Charge for the year 361 1,266 1,627
_______ _______ _______
At 31 December 2024 696 13,545 14,241
_______ _______ _______
Carrying amount
At 31 December 2024 749 1,378 2,127
_______ _______ _______
At 31 December 2023 1,004 2,132 3,136
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 242,337 174,405
Amounts owed by group undertakings and undertakings in which the company has a participating interest 128,547 55,852
Other debtors 7,926 4,355
_______ _______
378,810 234,612
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 62 -
Trade creditors 20,508 29,917
Social security and other taxes 79,963 66,958
Other creditors 284,183 224,982
_______ _______
384,716 321,857
_______ _______
8. Related party transactions
At the balance sheet date, the company had amounts due from a company under the common control of the directors totalling £128,547.32 (2023: £55,852). The amount is unsecured, interest free and repayable on demand.At the balance sheet date, the company owed the Directors £204,727 (2023: £147,174). The amount is unsecured, interest free and repayable on demand.
9. Controlling party
The company is under the ultimate control of Mrs R Armitage by virtue of her controlling shareholding in the company.