T S Plastering Services Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 10860448 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

T S Plastering Services Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr Anthony Richard Arthur Singh

REGISTERED OFFICE:

3 Whiteacres

Upton Road

Clevelode

Malvern

Worcestershire

WR13 6PB

REGISTERED NUMBER:

10860448 (England and Wales)

ACCOUNTANTS:

ABS Associates

Bramblewood

Martley

Worcestershire

WR6 6PW

FIXED ASSETS

Tangible assets

4

44,365

55,655

CURRENT ASSETS

Stocks

710

755

Debtors

26,818

39,240

Cash at bank and in hand

84,638

83,276

112,166

123,271

CREDITORS

Amounts falling due within one year

81,990

64,958

NET CURRENT ASSETS

30,176

58,313

TOTAL ASSETS LESS CURRENT LIABILITIES

74,541

113,968

CREDITORS

Amounts falling due after more than one year

(53,533

)

(61,355

)

PROVISIONS FOR LIABILITIES

(8,429

)

(10,575

)

NET ASSETS

12,579

42,038

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

12,479

41,938

SHAREHOLDERS' FUNDS

12,579

42,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 December 2023 and were signed by:

Mr Anthony Richard Arthur Singh - Director

1.	STATUTORY INFORMATION

T S Plastering Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2022

and 31 July 2023

75,457

DEPRECIATION

At 1 August 2022

19,802

Charge for year

11,290

At 31 July 2023

31,092

NET BOOK VALUE

At 31 July 2023

44,365

At 31 July 2022

55,655

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.23

31.7.22

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

Ordinary A shares each have voting rights and rights to dividends. Ordinary B shares carry no voting rights but each have rights to dividends.

6.	CONTINGENT LIABILITIES

There were no known material contingent liabilities at the year end.

7.	POST BALANCE SHEET EVENTS

There were no known material post balance sheet events.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

ABS Associates

Bramblewood

Martley

Worcestershire

WR6 6PW

6 December 2023