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Company Registration No. 13021488 (England and Wales)
TEX LEICESTER LTD Unaudited accounts for the period from 1 December 2023 to 15 September 2024
TEX LEICESTER LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TEX LEICESTER LTD Company Information for the period from 1 December 2023 to 15 September 2024
Directors
Ravtej Singh Mangat Gaurav Goyal Nisha Goyal
Company Number
13021488 (England and Wales)
Registered Office
128a Evington Road Leicester LE2 1HL England
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TEX LEICESTER LTD Statement of financial position as at 15 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
20,030 
22,411 
Tangible assets
5
123,316 
173,524 
143,346 
195,935 
Current assets
Inventories
8,241 
4,000 
Debtors
6
64,177 
35,849 
Cash at bank and in hand
5,294 
55,525 
77,712 
95,374 
Creditors: amounts falling due within one year
7
(93,946)
(148,884)
Net current liabilities
(16,234)
(53,510)
Total assets less current liabilities
127,112 
142,425 
Provisions for liabilities
Deferred tax
(35,836)
(49,121)
Net assets
91,276 
93,304 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,176 
93,204 
Shareholders' funds
91,276 
93,304 
For the period ending 15 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Ravtej Singh Mangat Director Company Registration No. 13021488
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TEX LEICESTER LTD Notes to the Accounts for the period from 1 December 2023 to 15 September 2024
1
Statutory information
TEX LEICESTER LTD is a private company, limited by shares, registered in England and Wales, registration number 13021488. The registered office is 128a Evington Road, Leicester, LE2 1HL, 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 period, and also have been consistently applied within the same accounts.
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A – ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The presentational currency of the financial statements is pound sterling (£). The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The directors have assessed the company’s ability to continue as a going concern. In making this assessment, they have considered the company’s financial position, expected future cash flows, and available funding. Based on this review, the directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, they continue to adopt the going concern basis in preparing the financial statements.
Sales of Goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied: • the Company has transferred the significant risks and rewards of ownership to the buyer; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the transaction; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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TEX LEICESTER LTD Notes to the Accounts for the period from 1 December 2023 to 15 September 2024
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:
Plant & machinery
5 years; straight line
Computer equipment
3 years straight line
Other tangible fixed assets
8 years; straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 December 2023
25,000 
6,750 
31,750 
At 15 September 2024
25,000 
6,750 
31,750 
Amortisation
At 1 December 2023
7,708 
1,631 
9,339 
Charge for the period
1,875 
506 
2,381 
At 15 September 2024
9,583 
2,137 
11,720 
Net book value
At 15 September 2024
15,417 
4,613 
20,030 
At 30 November 2023
17,292 
5,119 
22,411 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
12,990 
320,202 
3,842 
337,034 
At 15 September 2024
12,990 
320,202 
3,842 
337,034 
Depreciation
At 1 December 2023
3,789 
157,181 
2,540 
163,510 
Charge for the period
1,218 
48,030 
960 
50,208 
At 15 September 2024
5,007 
205,211 
3,500 
213,718 
Net book value
At 15 September 2024
7,983 
114,991 
342 
123,316 
At 30 November 2023
9,201 
163,021 
1,302 
173,524 
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TEX LEICESTER LTD Notes to the Accounts for the period from 1 December 2023 to 15 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,004 
4,149 
Accrued income and prepayments
34,923 
12,450 
Other debtors
19,250 
19,250 
64,177 
35,849 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,846 
26,709 
Trade creditors
7,516 
18,450 
Taxes and social security
6,792 
2,211 
Other creditors
19,119 
16,697 
Loans from directors
21,900 
75,900 
Accruals
4,773 
8,917 
93,946 
148,884 
8
Average number of employees
During the period the average number of employees was 17 (2023: 21).
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