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REGISTERED NUMBER: 08964915 (England and Wales)


















Transmission and Distribution
Innovations Limited

Financial Statements for the Year Ended 30 June 2023






Transmission and Distribution
Innovations Limited (Registered number: 08964915)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transmission and Distribution
Innovations Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: N Minns
M J Straker
P Papanastasiou
S H Neve





SECRETARY: N Minns





REGISTERED OFFICE: Stephensons House
Stephensons Way
Wyvern Business Park
Derby
Derbyshire
DE21 6LY





REGISTERED NUMBER: 08964915 (England and Wales)





AUDITORS: Baines Jewitt Limited
Statutory Auditor
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton on Tees
TS18 3TU

Transmission and Distribution
Innovations Limited (Registered number: 08964915)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 58,070 71

CURRENT ASSETS
Debtors 5 115,991 92,072
Cash at bank and in hand 63,001 34,556
178,992 126,628
CREDITORS
Amounts falling due within one year 6 (36,080 ) (21,974 )
NET CURRENT ASSETS 142,912 104,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,982

104,725

CREDITORS
Amounts falling due after more than one
year

7

(48,390

)

-

PROVISIONS FOR LIABILITIES (1,590 ) -
NET ASSETS 151,002 104,725

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 150,902 104,625
SHAREHOLDERS' FUNDS 151,002 104,725

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





N Minns - Director


Transmission and Distribution
Innovations Limited (Registered number: 08964915)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Transmission and Distribution Innovations 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The directors have taken note of the guidance issued by the Financial Reporting Council on Going Concern Assessments in determining that this is the appropriate basis of preparation of the financial statements and have considered a number of factors. This has specifically included reviewing banking facilities in place and detailed forecasting using sensitivity analysis to ensure that the worst case scenario situation does not put the going concern concept at risk.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes those costs that are directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 25% on cost and 50% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Transmission and Distribution
Innovations Limited (Registered number: 08964915)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

Transmission and Distribution
Innovations Limited (Registered number: 08964915)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 674
Additions 60,696
At 30 June 2023 61,370
DEPRECIATION
At 1 July 2022 603
Charge for year 2,697
At 30 June 2023 3,300
NET BOOK VALUE
At 30 June 2023 58,070
At 30 June 2022 71

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,909 25,413
Amounts owed by group undertakings 60,366 60,367
Other debtors 9,716 6,292
115,991 92,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,294 -
Trade creditors 4,785 1,726
Amounts owed to group undertakings 15,076 9,341
Taxation and social security 7,429 5,727
Other creditors 2,496 5,180
36,080 21,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 48,390 -

Transmission and Distribution
Innovations Limited (Registered number: 08964915)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

8. CALLED UP SHARE CAPITAL

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Donald Adams FCA (Senior Statutory Auditor)
for and on behalf of Baines Jewitt Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is LSTC Group Limited. The registered office of this company is Yorkshire House, York Road, Little Driffield, Driffield, East Yorkshire, YO25 5XA. The consolidated financial statements of LSTC Group Limited are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.