IRIS Accounts Production v23.3.1.45 07247231 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072472312022-05-31072472312023-05-31072472312022-06-012023-05-31072472312021-05-31072472312021-06-012022-05-31072472312022-05-3107247231ns10:Originalns15:EnglandWales2022-06-012023-05-3107247231ns14:PoundSterlingns10:Original2022-06-012023-05-3107247231ns10:Originalns10:Director12022-06-012023-05-3107247231ns10:Original2022-06-012023-05-3107247231ns10:Original2023-05-3107247231ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3107247231ns10:Originalns10:SmallEntities2022-06-012023-05-3107247231ns10:Originalns10:AuditExemptWithAccountantsReport2022-06-012023-05-3107247231ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3107247231ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3107247231ns10:Originalns10:FullAccounts2022-06-012023-05-3107247231ns10:Original12022-06-012023-05-3107247231ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3107247231ns10:Originalns10:Director22022-06-012023-05-3107247231ns10:Originalns10:RegisteredOffice2022-06-012023-05-3107247231ns10:Original2022-05-3107247231ns10:Originalns5:CurrentFinancialInstruments2023-05-3107247231ns10:Originalns5:CurrentFinancialInstruments2022-05-3107247231ns5:ShareCapitalns10:Original2023-05-3107247231ns5:ShareCapitalns10:Original2022-05-3107247231ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3107247231ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3107247231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3107247231ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-06-012023-05-3107247231ns10:Original2021-06-012022-05-3107247231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-3107247231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-05-3107247231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-3107247231ns10:Originalns5:LeaseholdImprovements2022-05-3107247231ns10:Originalns5:PlantMachinery2022-05-3107247231ns10:Originalns5:FurnitureFittings2022-05-3107247231ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-3107247231ns10:Originalns5:PlantMachinery2022-06-012023-05-3107247231ns10:Originalns5:FurnitureFittings2022-06-012023-05-3107247231ns10:Originalns5:LeaseholdImprovements2023-05-3107247231ns10:Originalns5:PlantMachinery2023-05-3107247231ns10:Originalns5:FurnitureFittings2023-05-3107247231ns10:Originalns5:LeaseholdImprovements2022-05-3107247231ns10:Originalns5:PlantMachinery2022-05-3107247231ns10:Originalns5:FurnitureFittings2022-05-3107247231ns10:Originalns5:MotorVehicles2022-05-3107247231ns10:Originalns5:ComputerEquipment2022-05-3107247231ns10:Original2022-05-3107247231ns10:Originalns5:MotorVehicles2022-06-012023-05-3107247231ns10:Originalns5:ComputerEquipment2022-06-012023-05-3107247231ns10:Originalns5:MotorVehicles2023-05-3107247231ns10:Originalns5:ComputerEquipment2023-05-3107247231ns10:Originalns5:MotorVehicles2022-05-3107247231ns10:Originalns5:ComputerEquipment2022-05-3107247231ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107247231ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3107247231ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 07247231 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

T T Optimal Limited

T T Optimal Limited (Registered number: 07247231)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


T T Optimal Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S T Thistlethwayte
Mrs H C H Thistlethwayte





REGISTERED OFFICE: Frogmore
Weston under Penyard
Nr Ross on Wye
Herefordshire
HR9 5TQ





REGISTERED NUMBER: 07247231 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T T Optimal Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T T Optimal Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T T Optimal Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T T Optimal Limited and state those matters that we have agreed to state to the Board of Directors of T T Optimal Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T T Optimal Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T T Optimal Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T T Optimal Limited. You consider that T T Optimal Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T T Optimal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

T T Optimal Limited (Registered number: 07247231)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,724 29,271
25,724 29,271

CURRENT ASSETS
Debtors 6 8,712 57,165
Cash at bank 607,041 637,319
615,753 694,484
CREDITORS
Amounts falling due within one year 7 114,833 165,891
NET CURRENT ASSETS 500,920 528,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,644

557,864

PROVISIONS FOR LIABILITIES 2,912 5,562
NET ASSETS 523,732 552,302

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 523,632 552,202
SHAREHOLDERS' FUNDS 523,732 552,302

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 20 February 2024 and were signed on its behalf by:





S T Thistlethwayte - Director


T T Optimal Limited (Registered number: 07247231)

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

1. STATUTORY INFORMATION

T T Optimal 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 represents net invoiced sales of goods and services, excluding value added tax.

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.

Website development are being amortised evenly over their 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.

Improvments to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment- 25 % on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

T T Optimal Limited (Registered number: 07247231)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 2,996
AMORTISATION
At 1 June 2022
and 31 May 2023 2,996
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022
and 31 May 2023 12,112 44,838 6,270
DEPRECIATION
At 1 June 2022 1,470 32,873 4,706
Charge for year 242 1,795 235
At 31 May 2023 1,712 34,668 4,941
NET BOOK VALUE
At 31 May 2023 10,400 10,170 1,329
At 31 May 2022 10,642 11,965 1,564

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 30,846 2,027 96,093
DEPRECIATION
At 1 June 2022 25,746 2,027 66,822
Charge for year 1,275 - 3,547
At 31 May 2023 27,021 2,027 70,369
NET BOOK VALUE
At 31 May 2023 3,825 - 25,724
At 31 May 2022 5,100 - 29,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,036 57,165
Other debtors 7,676 -
8,712 57,165

T T Optimal Limited (Registered number: 07247231)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11 16
Taxation and social security - 24,664
Other creditors 114,822 141,211
114,833 165,891

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies jointly with S T and Mrs H C H Thistlethwayte due to their 100% shareholding.