General Information
Tsultrim (UK) Limited is a private company, limited by shares, registered in , registration number 04985090, registration address 815 Fulham Road, London, SW6 5HG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
25% Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
129,856 |
|
129,856 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2025 |
129,856 |
|
129,856 |
| Depreciation |
| At 01 January 2025 |
128,294 |
|
128,294 |
| Charge for year |
391 |
|
391 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
128,685 |
|
128,685 |
| Net book values |
| Closing balance as at 31 December 2025 |
1,171 |
|
1,171 |
| Opening balance as at 01 January 2025 |
1,562 |
|
1,562 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Finished Goods |
1,755 |
|
1,835 |
|
1,755 |
|
1,835 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Amount Owed by Group Undertakings |
13,061 |
|
36,377 |
| Other Debtors |
10,050 |
|
10,050 |
|
23,111 |
|
46,427 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (Secured) |
4,167 |
|
13,000 |
| Amounts Owed to Group Undertakings |
5,325 |
|
- |
| Corporation Tax |
- |
|
2,244 |
| PAYE & Social Security |
105 |
|
419 |
| Net VAT due |
452 |
|
4,108 |
| Net wages |
2,268 |
|
- |
| Directors' Current Accounts |
29,481 |
|
33,344 |
|
41,798 |
|
53,115 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts (secured) |
- |
|
1,167 |
|
- |
|
1,167 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
704 |
|
704 |
|
704 |
|
704 |
|
2
|