REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED (REGISTERED NUMBER: 08820329) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Venture Court |
2 Debdale Road |
Wellingborough |
Northamptonshire |
NN8 5AA |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED (REGISTERED NUMBER: 08820329) |
BALANCE SHEET |
31ST MARCH 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium | 7 |
Capital redemption reserve | 7 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED (REGISTERED NUMBER: 08820329) |
BALANCE SHEET - continued |
31ST MARCH 2023 |
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 |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED (REGISTERED NUMBER: 08820329) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Technical & Development Services (South West) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the period. None of the company`s turnover relates to exports. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st April 2022 |
and 31st March 2023 |
DEPRECIATION |
At 1st April 2022 |
Charge for year |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st March 2022 |
TECHNICAL & DEVELOPMENT SERVICES |
(SOUTH WEST) LIMITED (REGISTERED NUMBER: 08820329) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RESERVES |
Capital |
Retained | Share | redemption |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
At 1st April 2022 | 196,395 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Purchase of own shares | (120,000 | ) | - | 13 | (119,987 | ) |
Cash share issue | - | 59,988 | - | 59,988 |
At 31st March 2023 | 140,949 |
8. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £50,630 (2022 - £24,000) were paid to the directors . |
During the year, the Company entered into transactions with related parties. All transactions were carried out at arms length. |
The Company paid management fees amounting to £7,000 to Technical & Development Services Partners LLP and £5,000 to Technical & Development Services Ltd. The Company paid marketing support fees amounting to £2,740 to Technical & Development Services Partners LLP. |
At the balance sheet date, the company was owed £6,989 from Technical & Development Services Partners LLP and owed £2,628 to Technical & Development Services Partners LLP. |