Registration number: 16176907

TSS Developments Limited

(Registration number: 16176907)
Statement of Financial Position as at 31 January 2026

	Note	2026 £
Current assets
Stocks	4	732,649
Debtors	5	200
		732,849
Creditors: Amounts falling due within one year	6	(134,098)
Total assets less current liabilities		598,751
Creditors: Amounts falling due after more than one year	6	(656,531)
Net liabilities		(57,780)
Capital and reserves
Called up share capital		200
Profit and loss account		(57,980)
Shareholders' deficit		(57,780)

For the financial period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 23 September 2026 and signed on its behalf by:
 

......................................... Mr S Omonua Director

TSS Developments Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2025 to 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

TSS Developments Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2025 to 31 January 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Stocks

	2026 £
Work in progress	732,649

5

Debtors

	2026 £
Other debtors	200
	200

TSS Developments Limited

Notes to the Unaudited Financial Statements for the Period from 10 January 2025 to 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	2026 £
Trade creditors	7,807
Accruals and deferred income	2,134
Other creditors	124,157
	134,098

Creditors: amounts falling due after more than one year

	Note	2026 £
Loans and borrowings	7	656,531

Creditors include bank loans which are secured by way of a legal mortgage and a debenture placing fixed and floating charges on all the company's assets of £656,531.

7	Loans and borrowings

Non-current loans and borrowings

	2026 £
Bank borrowings	656,531

8	Related party transactions

During the period, the company was loaned £279,591 by a company controlled by a close family member of one of its directors. At the period end, it owed £124,157 to its associated company.

9	Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors.