Company Registration No. 08404126 (England and Wales)
Tailored AV Limited
Unaudited accounts
for the year ended 28 February 2025
Tailored AV Limited
Unaudited accounts
Contents
Tailored AV Limited
Company Information
for the year ended 28 February 2025
Company Number
08404126 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Tailored AV Limited
Statement of financial position
as at 28 February 2025
Tangible assets
174,382
174,043
Cash at bank and in hand
6,310
-
Creditors: amounts falling due within one year
(302,157)
(310,679)
Net current liabilities
(141,118)
(140,936)
Total assets less current liabilities
33,264
33,107
Creditors: amounts falling due after more than one year
-
(3,590)
Called up share capital
2
2
Profit and loss account
33,262
29,515
Shareholders' funds
33,264
29,517
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2025 and were signed on its behalf by
Nicholas Leigh
Director
Company Registration No. 08404126
Tailored AV Limited
Notes to the Accounts
for the year ended 28 February 2025
Tailored AV Limited is a private company, limited by shares, registered in England and Wales, registration number 08404126. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. During the period a review was completed of the fixed asset policy for Fixtures and fittings and Computer Equipment and the current policy found too aggressive, depreciation has therefore been added back and updated in the comparative brought forward figures to give a true representation of the actual asset value:
Motor vehicles
25% reducing balance
Fixtures & fittings
5% Straight line
Computer equipment
5% Straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
63,498
84,681
75,715
223,894
Additions
-
-
19,048
19,048
At 28 February 2025
63,498
84,681
94,763
242,942
At 1 March 2024
34,289
6,031
9,531
49,851
Charge for the year
7,302
6,396
5,011
18,709
At 28 February 2025
41,591
12,427
14,542
68,560
At 28 February 2025
21,907
72,254
80,221
174,382
At 29 February 2024
29,209
78,650
66,184
174,043
Tailored AV Limited
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Trade debtors
154,079
160,457
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
39,603
30,692
Trade creditors
14,156
6,882
Amounts owed to group undertakings and other participating interests
134,463
172,702
Taxes and social security
3,825
3,600
Other creditors
46,978
58,500
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
3,590
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
9,286
(11,808)
(2,458)
(64)
9,286
(11,808)
(2,458)
(64)
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).