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REGISTERED NUMBER: 06244494 (England and Wales)















TTS SURFACING LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






TTS SURFACING LIMITED (REGISTERED NUMBER: 06244494)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TTS SURFACING LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: Mr M F D French
T B Todd





SECRETARY: Mrs K A D Todd





REGISTERED OFFICE: Newmarsh Farm
Horsley Road
Cobham
Surrey
KT11 3JX





REGISTERED NUMBER: 06244494 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

TTS SURFACING LIMITED (REGISTERED NUMBER: 06244494)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 225,121 310,104
225,121 310,104

CURRENT ASSETS
Stocks 28,756 31,772
Debtors 6 379,159 376,355
Cash at bank and in hand 449,495 320,142
857,410 728,269
CREDITORS
Amounts falling due within one year 7 237,225 283,064
NET CURRENT ASSETS 620,185 445,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

845,306

755,309

CREDITORS
Amounts falling due after more than one
year

8

-

(5,691

)

PROVISIONS FOR LIABILITIES (26,369 ) (45,871 )
NET ASSETS 818,937 703,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 818,837 703,647
818,937 703,747

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

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

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.

TTS SURFACING LIMITED (REGISTERED NUMBER: 06244494)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr M F D French - Director


TTS SURFACING LIMITED (REGISTERED NUMBER: 06244494)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

TTS Surfacing 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

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 Statement of Income and Retained Earnings, 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.

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.

TTS SURFACING LIMITED (REGISTERED NUMBER: 06244494)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 37,686
AMORTISATION
At 1 April 2022
and 31 March 2023 37,686
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 966,676
Disposals (29,435 )
At 31 March 2023 937,241
DEPRECIATION
At 1 April 2022 656,572
Charge for year 75,060
Eliminated on disposal (19,512 )
At 31 March 2023 712,120
NET BOOK VALUE
At 31 March 2023 225,121
At 31 March 2022 310,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 313,790 334,118
Other debtors 65,369 42,237
379,159 376,355

TTS SURFACING LIMITED (REGISTERED NUMBER: 06244494)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases 5,691 -
Trade creditors 150,929 162,461
Taxation and social security 74,241 97,834
Other creditors 6,364 22,769
237,225 283,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases - 5,691

9. RESERVES
Retained
earnings
£   

At 1 April 2022 703,647
Profit for the year 253,417
Dividends (138,227 )
At 31 March 2023 818,837