Company registration number 08297054 (England and Wales)
TJS Packaging Solutions Ltd
Unaudited
Financial Statements
for the year ended 31 December 2021
PAGES FOR FILING WITH REGISTRAR
TJS Packaging Solutions Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
TJS Packaging Solutions Ltd
Statement of financial position
as at 31 December 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
676
845
Current assets
Debtors
4
2,010
2,634
Cash at bank and in hand
14,704
22,022
16,714
24,656
Creditors: amounts falling due within one year
5
(4,824)
(1,836)
Net current assets
11,890
22,820
Total assets less current liabilities
12,566
23,665
Creditors: amounts falling due after more than one year
6
(15,936)
(19,641)
Net (liabilities)/assets
(3,370)
4,024
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(3,372)
4,022
Total equity
(3,370)
4,024
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 31 August 2022
T J Stockhill
Director
Company Registration No. 08297054
TJS Packaging Solutions Ltd
Notes to the Financial Statements
for the year ended 31 December 2021
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
20% reducing balance
Government grants
Government grants relate to Coronavirus Job Retention Scheme (CJRS) funding of staff who have been furloughed due to Covid-19. These revenue-based grants are recognised over the same period in which the related costs are incurred.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
TJS Packaging Solutions Ltd
Notes to the Financial Statements (continued)
for the year ended 31 December 2021
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 1 January 2021 and 31 December 2021
2,932
Depreciation and impairment
At 1 January 2021
2,087
Depreciation charged in the year
169
At 31 December 2021
2,256
Carrying amount
At 31 December 2021
676
At 31 December 2020
845
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
2,010
2,634
5
Creditors: amounts falling due within one year
2021
2020
£
£
Bank loans
4,000
359
Trade creditors
359
Taxation and social security
15
1,017
Other creditors
450
460
4,824
1,836
6
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans
15,936
19,641
7
Company information
TJS Packaging Solutions Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
16 Fairfield Gardens, Ossett, West Yorkshire, WF5 0LX.