Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseNo description of principal activity88falsefalse 10916362 2023-09-01 2024-08-31 10916362 2022-09-01 2023-08-31 10916362 2024-08-31 10916362 2023-08-31 10916362 c:Director1 2023-09-01 2024-08-31 10916362 d:PlantMachinery 2023-09-01 2024-08-31 10916362 d:PlantMachinery 2024-08-31 10916362 d:PlantMachinery 2023-08-31 10916362 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10916362 d:FurnitureFittings 2023-09-01 2024-08-31 10916362 d:FurnitureFittings 2024-08-31 10916362 d:FurnitureFittings 2023-08-31 10916362 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10916362 d:OfficeEquipment 2023-09-01 2024-08-31 10916362 d:OfficeEquipment 2024-08-31 10916362 d:OfficeEquipment 2023-08-31 10916362 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10916362 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10916362 d:Goodwill 2023-09-01 2024-08-31 10916362 d:Goodwill 2024-08-31 10916362 d:Goodwill 2023-08-31 10916362 d:CurrentFinancialInstruments 2024-08-31 10916362 d:CurrentFinancialInstruments 2023-08-31 10916362 d:Non-currentFinancialInstruments 2024-08-31 10916362 d:Non-currentFinancialInstruments 2023-08-31 10916362 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10916362 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10916362 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10916362 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10916362 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 10916362 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10916362 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10916362 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10916362 d:ShareCapital 2024-08-31 10916362 d:ShareCapital 2023-08-31 10916362 d:RetainedEarningsAccumulatedLosses 2024-08-31 10916362 d:RetainedEarningsAccumulatedLosses 2023-08-31 10916362 c:FRS102 2023-09-01 2024-08-31 10916362 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10916362 c:FullAccounts 2023-09-01 2024-08-31 10916362 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10916362 2 2023-09-01 2024-08-31 10916362 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 10916362









TLS BARS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
TLS BARS LIMITED
REGISTERED NUMBER: 10916362

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
15,235
18,749

  
15,235
18,749

Current assets
  

Stocks
  
10,800
5,000

Debtors: amounts falling due within one year
 6 
69,420
132,843

Cash at bank and in hand
 7 
30,108
1,880

  
110,328
139,723

Creditors: amounts falling due within one year
 8 
(207,662)
(257,484)

Net current liabilities
  
 
 
(97,334)
 
 
(117,761)

Total assets less current liabilities
  
(82,099)
(99,012)

Creditors: amounts falling due after more than one year
 9 
(8,351)
(26,704)

  

Net liabilities
  
(90,450)
(125,716)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(90,550)
(125,816)

  
(90,450)
(125,716)


Page 1

 
TLS BARS LIMITED
REGISTERED NUMBER: 10916362
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.




................................................
Brett Collier
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

TLS Bars Limited is a private company limited by shares, registered in the United Kingdom number 10916362. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, outlined below.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Reducing Balannce
Fixtures and fittings
-
25%
Straight-line
Office equipment
-
25%
Straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2024
2023
£
£

Wages and salaries
214,314
169,300

Social security costs
9,170
8,787

Cost of defined contribution scheme
2,006
2,217

225,490
180,304


The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
104,332



At 31 August 2024

104,332



Amortisation


At 1 September 2023
104,332



At 31 August 2024

104,332



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 7

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
13,738
38,446
12,319
64,503


Additions
447
784
1,362
2,593



At 31 August 2024

14,185
39,230
13,681
67,096



Depreciation


At 1 September 2023
6,356
32,848
6,550
45,754


Charge for the year on owned assets
1,138
1,931
3,038
6,107



At 31 August 2024

7,494
34,779
9,588
51,861



Net book value



At 31 August 2024
6,691
4,451
4,093
15,235



At 31 August 2023
7,382
5,598
5,769
18,749


6.


Debtors

2024
2023
£
£


Other debtors
63,420
126,843

Prepayments and accrued income
6,000
6,000

69,420
132,843



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
30,108
1,880

30,108
1,880


Page 8

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,943
36,645

Trade creditors
1,695
2,914

Corporation tax
2,259
-

Other taxation and social security
125,605
87,460

Other creditors
64,110
126,665

Accruals and deferred income
4,050
3,800

207,662
257,484



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,351
26,704

8,351
26,704


Page 9

 
TLS BARS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,943
36,645


9,943
36,645

Amounts falling due 1-2 years

Bank loans
8,352
18,591


8,352
18,591

Amounts falling due 2-5 years

Bank loans
-
8,112


-
8,112


18,295
63,348



11.


Transactions with directors

During the year the directors loan account amounted to £Nil, this was made up of an opening credit balance of £33,570, advances totalling £84,233 and credits totalling £50,663. This is represented within other debtors.

 
Page 10