Registered number
12382271
TLS Groundworks Ltd
Filleted Accounts
31 January 2025
TLS Groundworks Ltd
Registered number: 12382271
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 66,828 119,788
Current assets
Stocks - 40,000
Debtors 4 24,544 222,790
Cash at bank and in hand 3,785 55,991
28,329 318,781
Creditors: amounts falling due within one year 5 (38,385) (175,752)
Net current (liabilities)/assets (10,056) 143,029
Total assets less current liabilities 56,772 262,817
Creditors: amounts falling due after more than one year 6 (25,434) (38,754)
Net assets 31,338 224,063
Capital and reserves
Called up share capital 1 1
Profit and loss account 31,337 224,062
Shareholders' funds 31,338 224,063
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
TL Scott
Director
Approved by the board on 18 August 2025
TLS Groundworks Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant, machinery and office equipment 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 135,076 91,128 226,204
Disposals (60,012) (10,485) (70,497)
At 31 January 2025 75,064 80,643 155,707
Depreciation
At 1 February 2024 60,562 45,854 106,416
Charge for the year 8,660 10,357 19,017
On disposals (29,913) (6,641) (36,554)
At 31 January 2025 39,309 49,570 88,879
Net book value
At 31 January 2025 35,755 31,073 66,828
At 31 January 2024 74,514 45,274 119,788
4 Debtors 2025 2024
£ £
Trade debtors 12,133 69,716
Director's loan - 20,000
Other debtors 12,411 133,074
24,544 222,790
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 4,987 8,550
Trade creditors 10,010 28,161
Taxation and social security costs 12,438 14,646
Other creditors 950 114,395
38,385 175,752
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 8,334 16,667
Obligations under finance lease and hire purchase contracts 17,100 22,087
25,434 38,754
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
TL Scott
Loan 1 10,000 - (10,000) -
CT Quarterman - resigned 26/12/2024
Loan 1 10,000 - (10,000) -
20,000 - (20,000) -
8 Controlling party
The controlling party was Mr TL Scott and Miss CT Quarterman.
9 Other information
TLS Groundworks Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Mackenzie Road, Raunds
Raunds
Wellingborough
Northants
NN9 6EP
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