IRIS Accounts Production v25.1.0.734 09337663 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093376632023-12-31093376632024-12-31093376632024-01-012024-12-31093376632022-12-31093376632023-01-012023-12-31093376632023-12-3109337663ns15:EnglandWales2024-01-012024-12-3109337663ns14:PoundSterling2024-01-012024-12-3109337663ns10:Director12024-01-012024-12-3109337663ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109337663ns10:SmallEntities2024-01-012024-12-3109337663ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3109337663ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109337663ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109337663ns10:FullAccounts2024-01-012024-12-3109337663ns10:RegisteredOffice2024-01-012024-12-3109337663ns5:CurrentFinancialInstruments2024-12-3109337663ns5:CurrentFinancialInstruments2023-12-3109337663ns5:Non-currentFinancialInstruments2024-12-3109337663ns5:Non-currentFinancialInstruments2023-12-3109337663ns5:ShareCapital2024-12-3109337663ns5:ShareCapital2023-12-3109337663ns5:RetainedEarningsAccumulatedLosses2024-12-3109337663ns5:RetainedEarningsAccumulatedLosses2023-12-3109337663ns5:PlantMachinery2024-01-012024-12-3109337663ns5:MotorVehicles2024-01-012024-12-3109337663ns5:ComputerEquipment2024-01-012024-12-3109337663ns5:PlantMachinery2023-12-3109337663ns5:MotorVehicles2023-12-3109337663ns5:ComputerEquipment2023-12-3109337663ns5:PlantMachinery2024-12-3109337663ns5:MotorVehicles2024-12-3109337663ns5:ComputerEquipment2024-12-3109337663ns5:PlantMachinery2023-12-3109337663ns5:MotorVehicles2023-12-3109337663ns5:ComputerEquipment2023-12-3109337663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3109337663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3109337663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3109337663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3109337663ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109337663ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109337663ns5:WithinOneYearns5:HirePurchaseContracts2024-12-3109337663ns5:WithinOneYearns5:HirePurchaseContracts2023-12-3109337663ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3109337663ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3109337663ns5:HirePurchaseContracts2024-12-3109337663ns5:HirePurchaseContracts2023-12-3109337663ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3109337663ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-31
REGISTERED NUMBER: 09337663 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

TUS (Lincs) Limited

TUS (Lincs) Limited (Registered number: 09337663)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TUS (Lincs) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: P S Wright





REGISTERED OFFICE: Suite 2 Chancery Court
34 West Street
Retford
DN22 6ES





REGISTERED NUMBER: 09337663 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
TUS (Lincs) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TUS (Lincs) Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of TUS (Lincs) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TUS (Lincs) Limited and state those matters that we have agreed to state to the director of TUS (Lincs) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TUS (Lincs) Limited and its director for our work or for this report.

It is your duty to ensure that TUS (Lincs) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TUS (Lincs) Limited. You consider that TUS (Lincs) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TUS (Lincs) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


2 May 2025

TUS (Lincs) Limited (Registered number: 09337663)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 39,786 52,667

CURRENT ASSETS
Debtors 5 53,276 41,995
Cash at bank 119,473 35,970
172,749 77,965
CREDITORS
Amounts falling due within one year 6 92,286 29,162
NET CURRENT ASSETS 80,463 48,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,249

101,470

CREDITORS
Amounts falling due after more than one
year

7

(37,625

)

(45,309

)

PROVISIONS FOR LIABILITIES (996 ) (2,391 )
NET ASSETS 81,628 53,770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,528 53,670
SHAREHOLDERS' FUNDS 81,628 53,770

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

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

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 2 May 2025 and were signed by:





P S Wright - Director


TUS (Lincs) Limited (Registered number: 09337663)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

TUS (Lincs) Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date

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.

TUS (Lincs) Limited (Registered number: 09337663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 517 53,246 6,519 60,282
Additions - - 436 436
At 31 December 2024 517 53,246 6,955 60,718
DEPRECIATION
At 1 January 2024 267 3,355 3,993 7,615
Charge for year 103 12,473 741 13,317
At 31 December 2024 370 15,828 4,734 20,932
NET BOOK VALUE
At 31 December 2024 147 37,418 2,221 39,786
At 31 December 2023 250 49,891 2,526 52,667

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 53,246
DEPRECIATION
At 1 January 2024 3,355
Charge for year 12,473
At 31 December 2024 15,828
NET BOOK VALUE
At 31 December 2024 37,418
At 31 December 2023 49,891

TUS (Lincs) Limited (Registered number: 09337663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 365 185
Other debtors 52,911 41,810
53,276 41,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 7,684 6,865
Trade creditors 257 208
Taxation and social security 59,124 19,958
Other creditors 25,221 2,131
92,286 29,162

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 37,625 45,309

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 12,427 13,428
Between one and five years 43,859 56,285
56,286 69,713

Finance charges repayable:
Within one year 4,743 6,563
Between one and five years 6,234 10,976
10,977 17,539

Net obligations repayable:
Within one year 7,684 6,865
Between one and five years 37,625 45,309
45,309 52,174