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REGISTERED NUMBER: 04107481 (England and Wales)















T2 DISPLAY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T2 DISPLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J Casey
D R Hopkins





SECRETARY: D R Hopkins





REGISTERED OFFICE: Unit 1 Haunchwood Park Industrial Estate
Haunchwood Park Drive
Galley Common
Nuneaton
CV10 9SR





REGISTERED NUMBER: 04107481 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,771 33,371

CURRENT ASSETS
Stocks 28,446 24,231
Debtors 5 11,935 59,985
Cash at bank and in hand 361,414 375,643
401,795 459,859
CREDITORS
Amounts falling due within one year 6 151,248 229,187
NET CURRENT ASSETS 250,547 230,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,318

264,043

CREDITORS
Amounts falling due after more than one
year

7

(25,041

)

(39,501

)

PROVISIONS FOR LIABILITIES (7,025 ) (5,969 )
NET ASSETS 248,252 218,573

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Capital redemption reserve 5,000 5,000
Retained earnings 238,152 208,473
SHAREHOLDERS' FUNDS 248,252 218,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

BALANCE SHEET - continued
30 JUNE 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 7 November 2023 and were signed on its behalf by:





D R Hopkins - Director


T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

T2 Display 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2022 8,406 10,787 9,716
Additions - - -
At 30 June 2023 8,406 10,787 9,716
DEPRECIATION
At 1 July 2022 8,406 10,252 8,293
Charge for year - 76 208
At 30 June 2023 8,406 10,328 8,501
NET BOOK VALUE
At 30 June 2023 - 459 1,215
At 30 June 2022 - 535 1,423

T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 59,085 26,738 114,732
Additions - 10,261 10,261
At 30 June 2023 59,085 36,999 124,993
DEPRECIATION
At 1 July 2022 32,037 22,373 81,361
Charge for year 6,760 6,817 13,861
At 30 June 2023 38,797 29,190 95,222
NET BOOK VALUE
At 30 June 2023 20,288 7,809 29,771
At 30 June 2022 27,048 4,365 33,371

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 29,245
DEPRECIATION
At 1 July 2022 7,311
Charge for year 5,483
At 30 June 2023 12,794
NET BOOK VALUE
At 30 June 2023 16,451
At 30 June 2022 21,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,344 48,743
Other debtors 6,591 11,242
11,935 59,985

T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,010 10,015
Hire purchase contracts (see note 8) 4,356 4,324
Trade creditors 11,192 10,606
Taxation and social security 85,752 87,783
Other creditors 39,938 116,459
151,248 229,187

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,823 30,818
Hire purchase contracts (see note 8) 4,218 8,683
25,041 39,501

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 831

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 4,356 4,324
Between one and five years 4,218 8,683
8,574 13,007

Non-cancellable operating leases
2023 2022
£    £   
Within one year 12,593 30,926
Between one and five years 42,618 55,211
55,211 86,137

T2 DISPLAY LIMITED (REGISTERED NUMBER: 04107481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 8,574 13,007