3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,337 2,337 2,337 2,337 xbrli:pure xbrli:shares iso4217:GBP 01676561 2024-04-01 2025-03-31 01676561 2025-03-31 01676561 2024-03-31 01676561 2023-04-01 2024-03-31 01676561 2024-03-31 01676561 2023-03-31 01676561 core:FurnitureFittings 2024-04-01 2025-03-31 01676561 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 01676561 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 01676561 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 01676561 bus:Director1 2024-04-01 2025-03-31 01676561 core:FurnitureFittings 2024-03-31 01676561 core:WithinOneYear 2025-03-31 01676561 core:WithinOneYear 2024-03-31 01676561 core:ShareCapital 2025-03-31 01676561 core:ShareCapital 2024-03-31 01676561 core:CapitalRedemptionReserve 2025-03-31 01676561 core:CapitalRedemptionReserve 2024-03-31 01676561 core:RetainedEarningsAccumulatedLosses 2025-03-31 01676561 core:RetainedEarningsAccumulatedLosses 2024-03-31 01676561 bus:SmallEntities 2024-04-01 2025-03-31 01676561 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01676561 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01676561 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01676561 bus:FullAccounts 2024-04-01 2025-03-31 01676561 bus:OrdinaryShareClass1 2025-03-31 01676561 bus:OrdinaryShareClass1 2024-03-31 01676561 bus:OrdinaryShareClass2 2025-03-31 01676561 bus:OrdinaryShareClass2 2024-03-31 01676561 bus:OrdinaryShareClass3 2025-03-31 01676561 bus:OrdinaryShareClass3 2024-03-31 01676561 bus:AllOrdinaryShares 2025-03-31 01676561 bus:AllOrdinaryShares 2024-03-31
COMPANY REGISTRATION NUMBER: 01676561
TEXTILE & TECHNICAL SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
TEXTILE & TECHNICAL SERVICES LIMITED
BALANCE SHEET
31 March 2025
2025
2024
Note
£
£
Current assets
Debtors
6
48,067
127,273
Cash at bank and in hand
107,610
64,774
--------
--------
155,677
192,047
Creditors: amounts falling due within one year
7
( 12,992)
( 50,677)
--------
--------
Net current assets
142,685
141,370
--------
--------
Total assets less current liabilities
142,685
141,370
--------
--------
Net assets
142,685
141,370
--------
--------
Capital and reserves
Called up share capital
8
6,667
6,667
Capital redemption reserve
3,333
3,333
Profit and loss account
132,685
131,370
--------
--------
Shareholders funds
142,685
141,370
--------
--------
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 profit and loss account has not been delivered.
For the year ending 31 March 2025 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 were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:
Mr D A Vernon-Evans
Director
Company registration number: 01676561
TEXTILE & TECHNICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, HP18 0RA, Buckinghamshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of Value Added Tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and 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:
Fixtures and fittings
-
33% straight line
Impairment of fixed assets
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Employee benefits Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.
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 3 (2024: 3 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 April 2024
2,337
Disposals
( 2,337)
------
At 31 March 2025
------
Depreciation
At 1 April 2024
2,337
Disposals
( 2,337)
------
At 31 March 2025
------
Carrying amount
At 31 March 2025
------
At 31 March 2024
------
6. Debtors
2025
2024
£
£
Trade debtors
45,824
125,030
Other debtors
2,243
2,243
-------
--------
48,067
127,273
-------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
75
38,723
Corporation tax
5,834
5,014
Social security and other taxes
693
2,045
Other creditors
6,390
4,895
-------
-------
12,992
50,677
-------
-------
8. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary A shares of £ 1 each
2,500
2,500
2,500
2,500
Ordinary C shares of £ 1 each
1,667
1,667
1,667
1,667
Ordinary D shares of £ 1 each
2,500
2,500
2,500
2,500
------
------
------
------
6,667
6,667
6,667
6,667
------
------
------
------