REGISTERED NUMBER: 08836208 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

TLS Drainage Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

TL Smith

BT Smith

Mrs MF Smith

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

08836208 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

164,043

192,592

CURRENT ASSETS

Debtors

5

230,019

196,904

Cash at bank

574,636

505,083

804,655

701,987

CREDITORS

Amounts falling due within one year

6

282,977

224,559

NET CURRENT ASSETS

521,678

477,428

TOTAL ASSETS LESS CURRENT LIABILITIES

685,721

670,020

CREDITORS

Amounts falling due after more than one year

7

72,658

59,840

NET ASSETS

613,063

610,180

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

612,963

610,080

SHAREHOLDERS' FUNDS

613,063

610,180

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 25 May 2025 and were signed on its behalf by:

TL Smith - Director

1.	STATUTORY INFORMATION

TLS Drainage 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.

Turnover

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

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

74,963

10,913

322,065

3,788

411,729

Additions

706

182

72,000

1,082

73,970

Disposals

-

-

(64,660

)

-

(64,660

)

At 31 March 2025

75,669

11,095

329,405

4,870

421,039

DEPRECIATION

At 1 April 2024

59,647

6,180

151,299

2,011

219,137

Charge for year

4,005

737

48,567

715

54,024

Eliminated on disposal

-

-

(16,165

)

-

(16,165

)

At 31 March 2025

63,652

6,917

183,701

2,726

256,996

NET BOOK VALUE

At 31 March 2025

12,017

4,178

145,704

2,144

164,043

At 31 March 2024

15,316

4,733

170,766

1,777

192,592

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

130,821

Additions

72,000

Disposals

(64,660

)

At 31 March 2025

138,161

DEPRECIATION

At 1 April 2024

32,705

Charge for year

30,405

Eliminated on disposal

(16,165

)

At 31 March 2025

46,945

NET BOOK VALUE

At 31 March 2025

91,216

At 31 March 2024

98,116

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

214,668

182,713

Prepayments

15,351

14,191

230,019

196,904

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

9,213

8,746

Trade creditors

4,253

15,477

Tax

85,987

91,623

Social security and other taxes

178,334

102,402

Other creditors

1,446

3,462

Directors' current accounts

1,534

849

Accrued expenses

2,210

2,000

282,977

224,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

72,658

59,840

8.

RESERVES

Retained

earnings

£

At 1 April 2024

610,080

Profit for the year

227,279

Dividends

(224,396

)

At 31 March 2025

612,963

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

TL Smith and BT Smith

Balance outstanding at start of year

(849

)

(1,659

)

Amounts advanced

(168,895

)

(97,169

)

Amounts repaid

168,210

97,979

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,534

)

(849

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £224,396 (2024 - £258,200) were paid to the directors .

Along with many companies of similar size and nature it operates a directors loan account to facilitate some of its financial transactions the movements are summarised above.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

26 May 2025