TLS Renewable Consulting Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06895950 (England and Wales)

Financial Statements for the Year Ended 31 March 2023

for

TLS Renewable Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P A Middleton

Dr A R Middleton

O C Middleton

REGISTERED OFFICE:

Barkhill House

Shire Lane

Chorleywood

Rickmansworth

Hertfordshire

WD3 5NT

REGISTERED NUMBER:

06895950 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

8th Floor Becket House

36 Old Jewry

London

EC2R 8DD

FIXED ASSETS

Tangible assets

4

53,372

62,318

Investments

5

53,290

53,290

106,662

115,608

CURRENT ASSETS

Stocks

23,750

21,705

Debtors

6

223,605

213,493

Cash at bank

86,943

12,884

334,298

248,082

CREDITORS

Amounts falling due within one year

7

259,975

276,518

NET CURRENT ASSETS/(LIABILITIES)

74,323

(28,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

180,985

87,172

PROVISIONS FOR LIABILITIES

10,160

11,698

NET ASSETS

170,825

75,474

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

170,823

75,472

SHAREHOLDERS' FUNDS

170,825

75,474

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:

Dr A R Middleton - Director

1.	STATUTORY INFORMATION

TLS Renewable Consulting Ltd 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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore adopts the going concern basis in preparing its financial statements.

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 etc

-

33% on cost and 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

76,326

Additions

10,854

At 31 March 2023

87,180

DEPRECIATION

At 1 April 2022

14,008

Charge for year

19,800

At 31 March 2023

33,808

NET BOOK VALUE

At 31 March 2023

53,372

At 31 March 2022

62,318

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

53,290

NET BOOK VALUE

At 31 March 2023

53,290

At 31 March 2022

53,290

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

195,857

204,793

Amounts owed by group undertakings

2,292

2,292

Other debtors

25,456

6,408

223,605

213,493

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

46,040

53,257

Amounts owed to group undertakings

145,225

142,526

Taxation and social security

41,120

32,668

Other creditors

27,590

48,067

259,975

276,518

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John David Lee BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	CONSOLIDATING PARENT UNDERTAKINGS

TLS Energy Limited is the parent undertaking of the smallest group which includes the company and for which group financial statements are prepared.

Copies of financial statement of TLS Energy Limited may be obtained from TLS Energy Limited, Barkhill House, Shire Lane, Chorleywood, Hertfordshire, WD3 5NT.