TSU (Europe) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05683203

TSU (Europe) Ltd

Filleted Unaudited Financial Statements

31 January 2026

TSU (Europe) Ltd

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		16,672	26,290

Current assets

Stocks		55,200	65,340
Debtors	7	46,670	34,974
Cash at bank and in hand		1,060,136	1,064,627
		------------	------------
		1,162,006	1,164,941

Creditors: amounts falling due within one year	8	167,449		183,425
		------------		------------
Net current assets			994,557	981,516
			------------	------------
Total assets less current liabilities			1,011,229	1,007,806

Creditors: amounts falling due after more than one year	9		300,000	300,000

Provisions

Taxation including deferred tax	3,978	6,341
	------------	------------
Net assets	707,251	701,465
	------------	------------

TSU (Europe) Ltd

Statement of Financial Position (continued)

31 January 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	707,151	701,365
	---------	---------
Shareholders funds	707,251	701,465
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 October 2026 , and are signed on behalf of the board by:

Mr. M.P. Shah

Director

Company registration number: 05683203

TSU (Europe) Ltd

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 410-412 Green Lanes, Palmers Green, London, N13 5XG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Motor vehicles	-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2025: 12 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 February 2025 and 31 January 2026	894,185
	---------
Amortisation
At 1 February 2025 and 31 January 2026	894,185
	---------
Carrying amount
At 31 January 2026	–
	---------
At 31 January 2025	–
	---------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2025	100,202	50,000	150,202
Additions	1,472	–	1,472
	---------	--------	---------
At 31 January 2026	101,674	50,000	151,674
	---------	--------	---------
Depreciation
At 1 February 2025	93,912	30,000	123,912
Charge for the year	3,590	7,500	11,090
	---------	--------	---------
At 31 January 2026	97,502	37,500	135,002
	---------	--------	---------
Carrying amount
At 31 January 2026	4,172	12,500	16,672
	---------	--------	---------
At 31 January 2025	6,290	20,000	26,290
	---------	--------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	541	652
Other debtors	46,129	34,322
	--------	--------
	46,670	34,974
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	126,355	154,250
Corporation tax	–	787
Social security and other taxes	6,095	8,357
Other creditors	34,999	20,031
	---------	---------
	167,449	183,425
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Shareholders loan accounts	300,000	300,000
	---------	---------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	45,100	45,100
Later than 1 year and not later than 5 years	–	45,100
	--------	--------
	45,100	90,200
	--------	--------