Registered number
13158668
TTN ENTERPRISE LTD
Filleted Accounts
31 January 2023
TTN ENTERPRISE LTD
Registered number: 13158668
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 148,000 148,000
Tangible assets 4 17,928 21,107
165,928 169,107
Current assets
Stocks 45,500 87,000
Debtors 5 23,900 6,900
Cash at bank and in hand 6,581 14,924
75,981 108,824
Creditors: amounts falling due within one year 6 (166,312) (170,665)
Net current liabilities (90,331) (61,841)
Total assets less current liabilities 75,597 107,266
Creditors: amounts falling due after more than one year 7 (64,606) (83,820)
Net assets 10,991 23,446
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,891 23,346
Shareholder's funds 10,991 23,446
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs P Kalaiyarasan
Director
Approved by the board on 16 November 2023
TTN ENTERPRISE LTD
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 148,000
At 31 January 2023 148,000
Amortisation
At 31 January 2023 -
Net book value
At 31 January 2023 148,000
At 31 January 2022 148,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 1,000 13,635 10,391 25,026
At 31 January 2023 1,000 13,635 10,391 25,026
Depreciation
At 1 February 2022 - 1,321 2,598 3,919
Charge for the year - 1,231 1,948 3,179
At 31 January 2023 - 2,552 4,546 7,098
Net book value
At 31 January 2023 1,000 11,083 5,845 17,928
At 31 January 2022 1,000 12,314 7,793 21,107
5 Debtors 2023 2022
£ £
Other debtors 23,900 6,900
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 11,660 5,134
Other creditors 154,652 165,531
166,312 170,665
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 64,606 83,820
8 Other information
TTN ENTERPRISE LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 High Street
Claygate
Esher
KT10 0JG
TTN ENTERPRISE LTD 13158668 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts October 2023 release 2 Mrs P Kalaiyarasan No description of principal activity 13158668 2021-01-26 2022-01-31 13158668 core:WithinOneYear 2022-01-31 13158668 core:AfterOneYear 2022-01-31 13158668 core:ShareCapital 2022-01-31 13158668 core:RetainedEarningsAccumulatedLosses 2022-01-31 13158668 2022-02-01 2023-01-31 13158668 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 13158668 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 13158668 bus:Director40 2022-02-01 2023-01-31 13158668 1 2022-02-01 2023-01-31 13158668 2 2022-02-01 2023-01-31 13158668 core:LandBuildings 2022-02-01 2023-01-31 13158668 core:PlantMachinery 2022-02-01 2023-01-31 13158668 core:Vehicles 2022-02-01 2023-01-31 13158668 countries:England 2022-02-01 2023-01-31 13158668 bus:FRS102 2022-02-01 2023-01-31 13158668 bus:FullAccounts 2022-02-01 2023-01-31 13158668 2023-01-31 13158668 core:WithinOneYear 2023-01-31 13158668 core:AfterOneYear 2023-01-31 13158668 core:ShareCapital 2023-01-31 13158668 core:RetainedEarningsAccumulatedLosses 2023-01-31 13158668 core:Goodwill 2023-01-31 13158668 core:LandBuildings 2023-01-31 13158668 core:PlantMachinery 2023-01-31 13158668 core:Vehicles 2023-01-31 13158668 2022-01-31 13158668 core:Goodwill 2022-01-31 13158668 core:LandBuildings 2022-01-31 13158668 core:PlantMachinery 2022-01-31 13158668 core:Vehicles 2022-01-31 iso4217:GBP xbrli:pure