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REGISTERED NUMBER: 06992164 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

T-PRIME LIMITED

T-PRIME LIMITED (REGISTERED NUMBER: 06992164)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T-PRIME LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2023







DIRECTORS: A Teterea
N Jordan
A J Teterea
E Teterea





REGISTERED OFFICE: Unit 3 Brampton Hall Farm
Ravens Green
Little Bentley
Colchester
Essex
CO7 8TA





REGISTERED NUMBER: 06992164 (England and Wales)






T-PRIME LIMITED (REGISTERED NUMBER: 06992164)

BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,006 24,586

CURRENT ASSETS
Stocks 23,785 23,785
Debtors 5 957,044 654,349
Cash at bank 165,530 90,353
1,146,359 768,487
CREDITORS
Amounts falling due within one year 6 510,576 411,508
NET CURRENT ASSETS 635,783 356,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,789

381,565

CREDITORS
Amounts falling due after more than one
year

7

81,383

127,366
NET ASSETS 589,406 254,199

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 588,406 253,199
SHAREHOLDERS' FUNDS 589,406 254,199

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

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

T-PRIME LIMITED (REGISTERED NUMBER: 06992164)

BALANCE SHEET - continued
31 August 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 21 February 2024 and were signed on its behalf by:





A Teterea - Director


T-PRIME LIMITED (REGISTERED NUMBER: 06992164)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

T-Prime 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.

Going concern
After reviewing the company's forecasts and projections, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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 represents invoiced project income in the year, net of discounts and value added tax.

Rendering of services

Revenue for providing services is recognised in the period when projects are completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.


T-PRIME LIMITED (REGISTERED NUMBER: 06992164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 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.

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.

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 September 2022 79,897
Additions 29,950
At 31 August 2023 109,847
DEPRECIATION
At 1 September 2022 55,311
Charge for year 19,530
At 31 August 2023 74,841
NET BOOK VALUE
At 31 August 2023 35,006
At 31 August 2022 24,586

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 874,100 639,135
Other debtors 82,944 15,214
957,044 654,349

T-PRIME LIMITED (REGISTERED NUMBER: 06992164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 41,923 9,718
Trade creditors 266,623 226,676
Taxation and social security 117,095 52,597
Other creditors 44,935 82,517
510,576 411,508

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 73,333 113,333
Hire purchase contracts 8,050 14,033
81,383 127,366

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,000 Ordinary £1 1,000 1,000