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
TS ASSET MANAGEMENT LIMITED
Company Information
for the year ended 30 September 2024
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
TS ASSET MANAGEMENT LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
2,702
3,378
Investments
415,000
415,000
Cash at bank and in hand
533
363
Creditors: amounts falling due within one year
(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
(558,796)
(565,931)
Net liabilities
(154,468)
(27,652)
Called up share capital
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
TS ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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 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.
TS ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 September 2024
5
Tangible fixed assets
Fixtures & fittings
At 30 September 2024
14,549
At 30 September 2024
11,847
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
Amounts falling due within one year
Trade debtors
127,455
127,455
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
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
Other creditors
221,000
204,000
Taxes and social security
-
22,791
Loans from directors
260,000
260,000
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).