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REGISTERED NUMBER: 08738607 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

TS Foundry Ltd

TS Foundry Ltd (Registered number: 08738607)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TS Foundry Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S R Winn
E Winn
K E Giles





REGISTERED OFFICE: 19 Witham Point
Wavell Drive
Lincoln
Lincolnshire
LN3 4PL





REGISTERED NUMBER: 08738607 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TS Foundry Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 TS Foundry Ltd for the year ended 31 March 2025 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 Board of Directors of TS Foundry Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TS Foundry Ltd and state those matters that we have agreed to state to the Board of Directors of TS Foundry Ltd, as a body, 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 TS Foundry Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TS Foundry Ltd 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 TS Foundry Ltd. You consider that TS Foundry Ltd 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 TS Foundry Ltd. 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
15 Newland
Lincoln
Lincolnshire
LN1 1XG


22 May 2025

TS Foundry Ltd (Registered number: 08738607)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,389 729
Tangible assets 5 425,218 341,521
Investments 6 8,321 -
435,928 342,250

CURRENT ASSETS
Stocks 43,779 23,330
Debtors 7 63,680 67,060
Cash at bank 68,399 49,202
175,858 139,592
CREDITORS
Amounts falling due within one year 8 335,976 241,133
NET CURRENT LIABILITIES (160,118 ) (101,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,810

240,709

CREDITORS
Amounts falling due after more than one
year

9

(100,867

)

(87,140

)

PROVISIONS FOR LIABILITIES (106,901 ) (85,527 )
NET ASSETS 68,042 68,042

CAPITAL AND RESERVES
Called up share capital 11 68,042 68,042
SHAREHOLDERS' FUNDS 68,042 68,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:



S R Winn - Director


TS Foundry Ltd (Registered number: 08738607)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

TS Foundry 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.

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.

The Directors have prepared the accounts on a going concern basis. At the year end the company had net current liabilities of £160,118 (2024: £101,541). The Directors believe the going concern basis is appropriate as the company will continue to receive support from its parent company.

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 intangible business assets in 2013, will be depreciated over 10 years and is reviewed annually by the Directors for impairment.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.
Leasehold Improvements - 25% on cost and Straight line over 25 years
Plant and machinery - 10 - 25% on reducing balance
Equipment - 25% on cost
Computer equipment - 25% on cost

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


TS Foundry Ltd (Registered number: 08738607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2024 12,500 2,480 14,980
Additions - 1,955 1,955
At 31 March 2025 12,500 4,435 16,935
AMORTISATION
At 1 April 2024 12,500 1,751 14,251
Charge for year - 295 295
At 31 March 2025 12,500 2,046 14,546
NET BOOK VALUE
At 31 March 2025 - 2,389 2,389
At 31 March 2024 - 729 729

TS Foundry Ltd (Registered number: 08738607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
Improvements machinery Equipment equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 6,131 582,665 42,726 21,474 652,996
Additions 53,972 119,153 4,673 10,230 188,028
Disposals - (49,830 ) - - (49,830 )
At 31 March 2025 60,103 651,988 47,399 31,704 791,194
DEPRECIATION
At 1 April 2024 3,605 271,417 26,403 10,050 311,475
Charge for year 3,216 66,118 5,155 4,414 78,903
Eliminated on disposal - (24,402 ) - - (24,402 )
At 31 March 2025 6,821 313,133 31,558 14,464 365,976
NET BOOK VALUE
At 31 March 2025 53,282 338,855 15,841 17,240 425,218
At 31 March 2024 2,526 311,248 16,323 11,424 341,521

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 72,680
Additions 81,194
At 31 March 2025 153,874
DEPRECIATION
Charge for year 22,939
At 31 March 2025 22,939
NET BOOK VALUE
At 31 March 2025 130,935
At 31 March 2024 72,680

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 8,321
At 31 March 2025 8,321
NET BOOK VALUE
At 31 March 2025 8,321

TS Foundry Ltd (Registered number: 08738607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 46,838 35,155
Amounts owed by group undertakings - 26,468
Other debtors 16,842 5,437
63,680 67,060

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Finance leases 22,264 11,958
Trade creditors 129,086 100,047
Amounts owed to group undertakings 19,492 -
Taxation and social security 71,514 32,896
Other creditors 93,620 96,232
335,976 241,133

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Finance leases 85,867 61,277
Other creditors 15,000 25,863
100,867 87,140

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Finance leases 108,131 73,235

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2,040 A Ordinary £1 2,040 2,040

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
66,002 Ordinary £1 66,002 66,002

12. OTHER FINANCIAL COMMITMENTS

Total commitments at the year end were £37,375 (2024: £56,875).

13. RELATED PARTY DISCLOSURES

Included in creditors is an amount owed to Mr K R Winn of £12,500 (2024: £12,500), of which Mr S R Winn is a close family relation.

TS Foundry Ltd (Registered number: 08738607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

14. ULTIMATE CONTROLLING PARTY

The Company is controlled by Winn Investments Holding Limited, as they own 97% of the shares.

The registered office of the controlling party is:
20-22 Wenlock Road
London
N1 7GU