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Registration number: 06604087

TT&W Limited



Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

TT&W Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

TT&W Limited

Company Information

Directors

Mr I Z Tayabali

Mr S R F White

Registered office

5 High Green
Great Shelford
Cambridge
CB22 5EG

 

TT&W Limited

(Registration number: 06604087)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

85,694

100,380

Current assets

 

Stocks

5

2,000

2,000

Debtors

6

230,769

220,717

Cash at bank and in hand

 

298,923

245,252

 

531,692

467,969

Creditors: Amounts falling due within one year

7

(396,226)

(368,312)

Net current assets

 

135,466

99,657

Net assets

 

221,160

200,037

Capital and reserves

 

Called up share capital

4

4

Retained earnings

221,156

200,033

Shareholders' funds

 

221,160

200,037

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 March 2024 and signed on its behalf by:
 

 

TT&W Limited

(Registration number: 06604087)
Balance Sheet as at 31 July 2023

.........................................
Mr I Z Tayabali
Director

.........................................
Mr S R F White
Director

 

TT&W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 High Green
Great Shelford
Cambridge
CB22 5EG

These financial statements were authorised for issue by the Board on 22 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

TT&W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property (improvements)

10 years on straight line basis

Fixtures and fittings

5 years straight line and 25% on reducing balance

Plant and machinery

25% on reducing balance

Motor vehicles

25% on reducing balance

Stocks

Stock relates to work in progress at the year end and is a best estimate of unbilled fees.

Defined contribution pension obligation

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 12).

 

TT&W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

66,988

140,457

4,000

211,445

Additions

1,428

5,524

-

6,952

At 31 July 2023

68,416

145,981

4,000

218,397

Depreciation

At 1 August 2022

16,922

90,538

3,605

111,065

Charge for the year

5,639

15,900

99

21,638

At 31 July 2023

22,561

106,438

3,704

132,703

Carrying amount

At 31 July 2023

45,855

39,543

296

85,694

At 31 July 2022

50,066

49,919

395

100,380

Included within the net book value of land and buildings above is £45,855 (2022 - £50,066) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Work in progress

2,000

2,000

 

TT&W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

204,419

193,336

Other debtors

26,350

27,381

 

230,769

220,717

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

9,102

10,327

Taxation and social security

181,465

148,838

Accruals and deferred income

16,257

19,795

Other creditors

189,402

189,352

396,226

368,312

8

Related party transactions

During the year, an amount was credited to the loan account of Mr Tayabali, a director of the company, of £8,005 for interest in the year and interest not charged in previous years on his loan account to the company. At the 31st July 2023, the balance on Mr Tayabali's loan account was £61,325.

During the year, an amount was credited to the loan account of Mr White, a director of the company, of £8,005 for interest in the year and interest not charged in previous years on his loan account to the company. At the 31st July 2023, the balance on Mr White's loan account was £61,325.

During the year, an amount was credited to the loan account of Mrs Tayabali (the wife of Mr Tayabali) of £2,695 for interest in the year on her loan account to the company. At the 31st July 2023, the balance on Mrs Tayabali's loan account was £33,376.

During the year, an amount was credited to the loan account of Mrs White (the wife of Mr White) of £2,695 for interest in the year on her loan account to the company. At the 31st July 2023, the balance on Mrs White's loan account was £33,376.