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REGISTERED NUMBER: 03799224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

T2 BUILDING SERVICES LTD

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)






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 BUILDING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A Turner
Mrs L L Turner
B Unwin





SECRETARY: Mrs L L Turner





REGISTERED OFFICE: Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
CM13 1AB





REGISTERED NUMBER: 03799224 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 619,951 778,921

CURRENT ASSETS
Stocks 139,818 147,086
Debtors 5 955,396 774,864
Cash at bank and in hand 620,213 608,982
1,715,427 1,530,932
CREDITORS
Amounts falling due within one year 6 1,012,031 1,577,622
NET CURRENT ASSETS/(LIABILITIES) 703,396 (46,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,323,347

732,231

CREDITORS
Amounts falling due after more than one
year

7

265,410

178,058
NET ASSETS 1,057,937 554,173

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,056,937 553,173
SHAREHOLDERS' FUNDS 1,057,937 554,173

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 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

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 4 March 2024 and were signed on its behalf by:





A Turner - Director


T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

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

1. STATUTORY INFORMATION

T2 Building Services Ltd 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 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.

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.

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

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

2. ACCOUNTING POLICIES - continued

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 39 (2022 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 415,998 67,259 746,197 11,029 1,240,483
Additions - - 476,785 - 476,785
Disposals (415,998 ) - (82,495 ) - (498,493 )
At 30 June 2023 - 67,259 1,140,487 11,029 1,218,775
DEPRECIATION
At 1 July 2022 - 49,505 403,786 8,271 461,562
Charge for year - 4,438 197,880 2,757 205,075
Eliminated on disposal - - (67,813 ) - (67,813 )
At 30 June 2023 - 53,943 533,853 11,028 598,824
NET BOOK VALUE
At 30 June 2023 - 13,316 606,634 1 619,951
At 30 June 2022 415,998 17,754 342,411 2,758 778,921

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 411,844
Additions 386,846
Transfer to ownership (68,552 )
At 30 June 2023 730,138
DEPRECIATION
At 1 July 2022 177,565
Charge for year 161,263
Transfer to ownership (42,469 )
At 30 June 2023 296,359
NET BOOK VALUE
At 30 June 2023 433,779
At 30 June 2022 234,279

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 237,532 581,497
Other debtors 10,000 10,000
Directors' current accounts 602,988 -
VAT 29,979 111,915
Prepayments and accrued income 74,897 71,452
955,396 774,864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,015 9,768
Other loans - 30,278
Hire purchase contracts 108,273 76,730
Trade creditors 673,276 1,417,846
Tax 131,762 75,648
Social security and other taxes 39,997 (119,601 )
Other creditors 38,030 75,639
Pensions 5,978 6,140
Directors' current accounts - 474
Accruals and deferred income 4,700 4,700
1,012,031 1,577,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,268 10,015
Bank loans - 2-5 years 9,640 19,908
Other loans - 1-2 years - 30,278
Other loans - 2-5 years - 33,145
Hire purchase contracts 245,502 84,712
265,410 178,058