TLS Groundworks Ltd - Filleted accounts

Registered number

12382271

TLS Groundworks Ltd

Filleted Accounts

31 January 2026

TLS Groundworks Ltd
Registered number:		12382271
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		48,696			66,828

Current assets
Debtors	4	7,710			24,544
Cash at bank and in hand		738			3,785
		8,448			28,329

Creditors: amounts falling due within one year	5	(12,400)			(38,385)

Net current liabilities			(3,952)			(10,056)

Total assets less current liabilities			44,744			56,772

Creditors: amounts falling due after more than one year	6		(17,771)			(25,434)



Net assets			26,973			31,338

Capital and reserves
Called up share capital			1			1
Profit and loss account			26,972			31,337

Shareholders' funds			26,973			31,338

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




TL Scott
Director
Approved by the board on 28 September 2026

TLS Groundworks Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant, machinery and office equipment	20% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	75,064		80,643		155,707
	Disposals	(3,750)		(5,450)		(9,200)
	At 31 January 2026	71,314		75,193		146,507

	Depreciation
	At 1 February 2025	39,309		49,570		88,879
	Charge for the year	6,671		7,337		14,008
	On disposals	(1,350)		(3,726)		(5,076)
	At 31 January 2026	44,630		53,181		97,811

	Net book value
	At 31 January 2026	26,684		22,012		48,696
	At 31 January 2025	35,755		31,073		66,828


4	Debtors			2026		2025
£					£

	Trade debtors			7,553		12,133
	Other debtors			157		12,411
				7,710		24,544


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			3,000		10,000
	Obligations under finance lease and hire purchase contracts			8,550		4,987
	Trade creditors			-		10,010
	Taxation and social security costs			-		12,438
	Other creditors			850		950
				12,400		38,385


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			12,783		8,334
	Obligations under finance lease and hire purchase contracts			4,988		17,100
				17,771		25,434


7	Controlling party

	The controlling party was Mr TL Scott and Miss CT Quarterman.


8	Other information

	TLS Groundworks Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	9 Mackenzie Road, Raunds
	Raunds
	Wellingborough
	Northants
	NN9 6EP