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REGISTERED NUMBER: 04511001 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

TTV Industrial Ltd

TTV Industrial Ltd (Registered number: 04511001)






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


TTV Industrial Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr A R Crisp
Mr B T Crisp
Mr T R Crisp





SECRETARY: Mrs C A Crisp





REGISTERED OFFICE: Old London Road
Copdock
Ipswich
Suffolk
IP8 3JF





REGISTERED NUMBER: 04511001 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

TTV Industrial Ltd (Registered number: 04511001)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,458,805 1,339,543
1,458,805 1,339,543

CURRENT ASSETS
Stocks 203,816 131,129
Debtors 6 1,666,425 412,771
Cash at bank and in hand 980,890 2,242,737
2,851,131 2,786,637
CREDITORS
Amounts falling due within one year 7 365,709 465,782
NET CURRENT ASSETS 2,485,422 2,320,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,944,227

3,660,398

CREDITORS
Amounts falling due after more than one
year

8

(266,385

)

(259,452

)

PROVISIONS FOR LIABILITIES 10 (142,000 ) (98,000 )
NET ASSETS 3,535,842 3,302,946

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 3,535,742 3,302,846
SHAREHOLDERS' FUNDS 3,535,842 3,302,946

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.

TTV Industrial Ltd (Registered number: 04511001)

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 Income Statement has not been delivered.

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




Mr A R Crisp - Director Mr B T Crisp - Director




Mr T R Crisp - Director


TTV Industrial Ltd (Registered number: 04511001)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

TTV Industrial 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.

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

Goodwill
Goodwill arising from the acquisition of the business in 2002 is amortised over its estimated useful life of 10 years.

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.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% 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.


TTV Industrial Ltd (Registered number: 04511001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 43,000
AMORTISATION
At 1 April 2022
and 31 March 2023 43,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

TTV Industrial Ltd (Registered number: 04511001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 217,949 568,542 1,453,068
Additions 71,948 - 159,750
Reclassification/transfer - - -
At 31 March 2023 289,897 568,542 1,612,818
DEPRECIATION
At 1 April 2022 - - 946,489
Charge for year - - 101,842
Reclassification/transfer - - -
At 31 March 2023 - - 1,048,331
NET BOOK VALUE
At 31 March 2023 289,897 568,542 564,487
At 31 March 2022 217,949 568,542 506,579

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,408 70,586 55,345 2,367,898
Additions - - - 231,698
Reclassification/transfer (2,408 ) - 2,408 -
At 31 March 2023 - 70,586 57,753 2,599,596
DEPRECIATION
At 1 April 2022 1,603 48,252 32,011 1,028,355
Charge for year - 5,584 5,010 112,436
Reclassification/transfer (1,603 ) - 1,603 -
At 31 March 2023 - 53,836 38,624 1,140,791
NET BOOK VALUE
At 31 March 2023 - 16,750 19,129 1,458,805
At 31 March 2022 805 22,334 23,334 1,339,543

TTV Industrial Ltd (Registered number: 04511001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,165 212,853
Other debtors 153,333 60,628
Directors' current accounts 1,396,927 139,290
Prepayments 21,000 -
1,666,425 412,771

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 109,028 109,553
Trade creditors 106,768 20,763
Tax 71,100 199,382
Social security and other taxes 12,758 11,858
VAT 45,634 42,251
Directors' current accounts - 75,900
Accrued expenses 20,421 6,075
365,709 465,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 266,385 259,452

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 375,413 369,005

Obligation under hire purchase agreements are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 142,000 98,000

Deferred
tax
£   
Balance at 1 April 2022 98,000
Provided during year 44,000
Balance at 31 March 2023 142,000

TTV Industrial Ltd (Registered number: 04511001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr A R Crisp
Balance outstanding at start of year 139,290 134,721
Amounts advanced 197,606 4,569
Amounts repaid (138,160 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 198,736 139,290

Mr T R Crisp
Balance outstanding at start of year - -
Amounts advanced 679,043 -
Amounts repaid (52,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 626,243 -

Mr B T Crisp
Balance outstanding at start of year - -
Amounts advanced 624,748 -
Amounts repaid (52,800 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 571,948 -