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Company Registration No. 13882671 (England and Wales)
TYT Holdings Ltd Unaudited accounts for the period from 31 January 2022 to 31 March 2023
TYT Holdings Ltd Unaudited accounts Contents
Page
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TYT Holdings Ltd Company Information for the period from 31 January 2022 to 31 March 2023
Director
Mrs Kelly Tyte
Company Number
13882671 (England and Wales)
Registered Office
26 Harris Lane Wistow Huntingdon PE28 2QG
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TYT Holdings Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
12,674 
Current assets
Debtors
11,382 
Cash at bank and in hand
5,981 
17,363 
Creditors: amounts falling due within one year
(1,657)
Net current assets
15,706 
Total assets less current liabilities
28,380 
Creditors: amounts falling due after more than one year
(45,000)
Net liabilities
(16,620)
Capital and reserves
Called up share capital
1 
Profit and loss account
(16,621)
Shareholders' funds
(16,620)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Mrs Kelly Tyte Director Company Registration No. 13882671
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TYT Holdings Ltd Notes to the Accounts for the period from 31 January 2022 to 31 March 2023
1
Statutory information
TYT Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13882671. The registered office is 26 Harris Lane, Wistow, Huntingdon, PE28 2QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Going concern
The director of the company recognises that this first period of trading has required support from the director. The director confirms that this will continue until the company starts to trade profitably which will be within the next 1 - 2 years.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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TYT Holdings Ltd Notes to the Accounts for the period from 31 January 2022 to 31 March 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 31 January 2022
- 
- 
- 
Additions
4,505 
8,612 
13,117 
At 31 March 2023
4,505 
8,612 
13,117 
Depreciation
Charge for the period
443 
- 
443 
At 31 March 2023
443 
- 
443 
Net book value
At 31 March 2023
4,062 
8,612 
12,674 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
416 
Trade debtors
536 
Accrued income and prepayments
680 
Other debtors
9,750 
11,382 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
21 
Other creditors
1,005 
Loans from directors
16 
Accruals
615 
1,657 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
45,000 
No security has been given in support of the loan.
8
Average number of employees
During the period the average number of employees was 6.
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