Company No: 05856157 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	3,382		19,081
		3,382		19,081
Current assets
Stocks		52,530		71,530
Debtors	5	379,509		149,532
Cash at bank and in hand		6,377		29,524
		438,416		250,586
Creditors: amounts falling due within one year	6	( 334,268)		( 222,445)
Net current assets		104,148		28,141
Total assets less current liabilities		107,530		47,222
Creditors: amounts falling due after more than one year	7	( 5,210)		( 27,194)
Net assets		102,320		20,028
Capital and reserves
Called-up share capital		180		180
Capital redemption reserve		20		20
Profit and loss account		102,120		19,828
Total shareholders' funds		102,320		20,028

For the financial year ending 30 September 2024 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of T.S. Comms Limited (registered number: 05856157) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mr S J Rogers Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date. Exchange differences are taken into account when arriving at the operating profit.

Turnover

Turnover comprises of the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of the value added tax, returns, rebates and discounts and after eliminating sales within the company.

In respect of long term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	3 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Leases in which substantially all risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive oblgation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		5

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 October 2023	70,000		70,000
At 30 September 2024	70,000		70,000
Accumulated amortisation
At 01 October 2023	70,000		70,000
At 30 September 2024	70,000		70,000
Net book value
At 30 September 2024	0		0
At 30 September 2023	0		0

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 October 2023	13,714		16,616		57,913		7,872		96,115
Disposals	0		0		( 55,663)		0		( 55,663)
At 30 September 2024	13,714		16,616		2,250		7,872		40,452
Accumulated depreciation
At 01 October 2023	13,714		14,243		42,432		6,645		77,034
Charge for the financial year	0		594		206		307		1,107
Disposals	0		0		( 41,071)		0		( 41,071)
At 30 September 2024	13,714		14,837		1,567		6,952		37,070
Net book value
At 30 September 2024	0		1,779		683		920		3,382
At 30 September 2023	0		2,373		15,481		1,227		19,081

5. Debtors

	2024		2023
	£		£
Trade debtors	121,718		16,621
Other debtors	257,791		132,911
	379,509		149,532

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,377		10,121
Trade creditors	157,653		60,294
Taxation and social security	77,426		73,695
Obligations under finance leases and hire purchase contracts	0		9,564
Other creditors	88,812		68,771
	334,268		222,445

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	5,210		15,587
Obligations under finance leases and hire purchase contracts	0		11,607
	5,210		27,194

There are no amounts included above in respect of which any security has been given by the small entity.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	5,237		0
between one and five years	8,292		0
	13,529		0

9. Related party transactions

Director - Mr S J Rogers

	2024
	£
Opening balance	2,997
Advances to director	46,339
Repayments by director	(6,890)
	42,446

Director - Mr M E Hutchings

	2024
	£
Opening balance	11,981
Advances to director	38,891
Repayments by director	(6,240)
	44,632

During the year the company made advances to its directors; the loans have been charged interest of 2.25% and are repayable on demand.