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Company Registration No. 08225532 (England and Wales)
TS ASSET MANAGEMENT LIMITED Final accounts for the year ended 30 September 2024
TS ASSET MANAGEMENT LIMITED Final accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TS ASSET MANAGEMENT LIMITED Company Information for the year ended 30 September 2024
Director
TANJIR SUGAR
Company Number
08225532 (England and Wales)
Registered Office
Ground Floor, Rainham House, Manor Way, Rainham London RM13 8RH England
Accountants
DKA Accounting Ltd. East Wing, Castle House Dawson Road Milton Keynes Buckinghamshire MK1 1QT
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TS ASSET MANAGEMENT LIMITED Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
2,702
3,378
Investments
6
415,000
415,000
417,702
418,378
Current assets
Debtors
7
129,455
174,717
Cash at bank and in hand
533
363
129,988
175,080
Creditors: amounts falling due within one year
8
(143,362)
(55,179)
Net current (liabilities)/assets
(13,374)
119,901
Total assets less current liabilities
404,328
538,279
Creditors: amounts falling due after more than one year
9
(558,796)
(565,931)
Net liabilities
(154,468)
(27,652)
Capital and reserves
Called up share capital
10
1,000
1,000
Profit and loss account
(155,468)
(28,652)
Shareholders' funds
(154,468)
(27,652)
For the 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. 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 2 December 2024 and were signed on its behalf by
TANJIR SUGAR Director Company Registration No. 08225532
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TS ASSET MANAGEMENT LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
TS ASSET MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08225532. The registered office is Ground Floor, Rainham House, Manor Way, , Rainham, London, RM13 8RH, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
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:
Fixtures & fittings
20% Reducing balance method
Research and development
Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: ? It is technically feasible to complete the intangible asset so that it will be available for use or sale; ? There is the intention to complete the intangible asset and use or sell it; ? There is the ability to use or sell the intangible asset; ? The use or sale of the intangible asset will generate probable future economic benefits; ? There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and ? The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
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TS ASSET MANAGEMENT LIMITED Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 October 2023
14,549
At 30 September 2024
14,549
Depreciation
At 1 October 2023
11,171
Charge for the year
676
At 30 September 2024
11,847
Net book value
At 30 September 2024
2,702
At 30 September 2023
3,378
6
Investments
Other investments
£
Valuation at 1 October 2023
415,000
Valuation at 30 September 2024
415,000
7
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
-
62
Trade debtors
127,455
127,455
127,455
127,517
Amounts falling due after more than one year
Other debtors
2,000
47,200
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
674
642
Trade creditors
5,600
5,600
Taxes and social security
31,218
8,567
Other creditors
35,820
9,370
Loans from directors
68,850
31,000
Accruals
1,200
-
143,362
55,179
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TS ASSET MANAGEMENT LIMITED Notes to the Accounts for the year ended 30 September 2024
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
77,796
79,140
Other creditors
221,000
204,000
Taxes and social security
-
22,791
Loans from directors
260,000
260,000
558,796
565,931
10
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
11
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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