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Registered number: 05383438
TABLESWITCH LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 26 MARCH 2025
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2nd Floor, Heathmans House
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TABLESWITCH LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TABLESWITCH LIMITED
FOR THE YEAR ENDED 26 MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TABLESWITCH LIMITED for the year ended 26 March 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the director of TABLESWITCH LIMITED in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of TABLESWITCH LIMITED and state those matters that we have agreed to state to the director of TABLESWITCH LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TABLESWITCH LIMITED and its director for our work or for this report.
It is your duty to ensure that TABLESWITCH LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TABLESWITCH LIMITED. You consider that TABLESWITCH LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of TABLESWITCH LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Haggards Crowther LLP
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
11 November 2025
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TABLESWITCH LIMITED
REGISTERED NUMBER: 05383438
BALANCE SHEET
AS AT 26 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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TABLESWITCH LIMITED
REGISTERED NUMBER: 05383438
BALANCE SHEET (CONTINUED)
AS AT 26 MARCH 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2025.
The notes on pages 4 to 10 form part of these financial statements.
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
Tableswitch Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05383438 and its registered address is Oatscroft, Heyshott, Midhurst, England, GU29 0DZ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Turnover is stated net of VAT. Turnover represents the value of services provided under contracts to the extent that there is a right to consideration, including from the rental of property, and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Interest income is recognised in the income statement using the effective interest method.
Finance costs are charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in the income statement in the year in which they are incurred.
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured fair values at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.
Where fair value cannot be achieved without undue cost or effort or effort, investment property is accounted for as tangible fixed assets.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
Increases in provisions are generally charged as an expense to the income statement.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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Current tax on profits for the year
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
5.Taxation (continued)
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Factors affecting tax charge for the year
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There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% (2024 - 25%).
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Freehold investment property
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The 2025 valuations were made by the directors, on an open market value for existing use basis.
The valuations of investment properties were made as at 31 March 2025 by the directors of the company on an open market basis. Following the assessment, the directors were of the opinion that the values of the properties remain the same during the year end.
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Prepayments and accrued income
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due 2-5 years
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Interest on the bank loan is charged to the Income Statement on an accruals basis over the term of the loan. The interest rate is 2.5% above the base rate. The bank loan is interest-only and is repayable in full at the end of its five-year term. Accordingly, no repayments of principal are made during the loan term, and the full outstanding balance is classified as a non-current liability until the repayment date falls within twelve months of the reporting date, at which point the portion due within one year is reclassified as a current liability. The loan is secured by a legal charge over assets of the company.
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The provision for deferred taxation is made up as follows:
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The provision for deferred tax liabilities has not changed from previous year. The deferred tax provision reflects the updated corporation tax rate of 25%. The provision accounts for the potential future tax obligations based on the new rate and ensures compliance with current tax legislation.
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TABLESWITCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2025
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Transactions with directors
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Included within the year end creditors balance is an amount due from the company to Mr J A Samuels of £624 (2024: £114,932). Throughout the year, total withdrawal of funds amounted to £148,620, with total deposits of £34,312 (2024: £15,601). The outstanding balance is unsecured, repayable on demand and not subject to interest.
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Related party transactions
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As at the year end date, a sum of £68,176 (2024: £68,176) was owed to Samson Properties Limited, a company in which director Mr J A Samuel holds a non-controlling 50% share. This amount is interest free, unsecured, and payable on demand.
As at the year end date, a sum of £90,865 (2024: £90,865) was owed to Samson Properties (Lexham Mews) Limited, a company in which director Mr J Samuel holds a non-controlling 50% share. During the year, the company repaid £Nil. This amount is interest free, unsecured, and payable on demand.
As at the year end date, a sum of £1,323,829 (2024: £163,426) was owed by Danlea Limited, a company in which director Mr J A Samuel has a controlling interest. This amount is interest free, unsecured, and payable on demand.
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