Company Registration No. 07741641 (England and Wales)
TKS GLOBAL LIMITED
Unaudited accounts
for the year ended 31 December 2024
TKS GLOBAL LIMITED
Unaudited accounts
Contents
TKS GLOBAL LIMITED
Company Information
for the year ended 31 December 2024
Director
Muhammad Usman Ahmed Cheema
Company Number
07741641 (England and Wales)
Registered Office
C/O CAPSHIRE UK LLP, CASTLE COURT
41 LONDON ROAD
REIGATE
RH2 9RJ
ENGLAND
Accountants
CapShire UK LLP
4th Floor 86-90 Paul Street
London
EC2A 4NE
TKS GLOBAL LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
1,054
1,405
Cash at bank and in hand
712,704
973,050
Creditors: amounts falling due within one year
(486,641)
(769,787)
Net current assets
226,063
203,263
Total assets less current liabilities
227,117
204,668
Creditors: amounts falling due after more than one year
(7,568)
(17,622)
Net assets
219,549
187,046
Called up share capital
1
1
Profit and loss account
219,548
187,045
Shareholders' funds
219,549
187,046
For the year ending 31 December 2024 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 1 September 2025 and were signed on its behalf by
Muhammad Usman Ahmed Cheema
Director
Company Registration No. 07741641
TKS GLOBAL LIMITED
Notes to the Accounts
for the year ended 31 December 2024
TKS GLOBAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07741641. The registered office is C/O CAPSHIRE UK LLP, CASTLE COURT, 41 LONDON ROAD, REIGATE, RH2 9RJ, ENGLAND.
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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.
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:
Plant & machinery
25% - Reducing Balance
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. The carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
TKS GLOBAL LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,649
10,648
Trade creditors
327,362
251,978
Taxes and social security
24,879
43,224
Other creditors
71,805
390,371
Loans from directors
49,996
71,616
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).