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REGISTERED NUMBER: 07697326 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

TTMG Internet Limited

TTMG Internet Limited (Registered number: 07697326)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TTMG Internet Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: K W Wallis





REGISTERED OFFICE: Sunderland Software Centre
Tavistock Place
Sunderland
Tyne and Wear
SR1 1PB





REGISTERED NUMBER: 07697326 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

TTMG Internet Limited (Registered number: 07697326)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 846 1,219

CURRENT ASSETS
Debtors 5 1,339 3,599
Cash at bank 17 66
1,356 3,665
CREDITORS
Amounts falling due within one year 6 6,927 3,231
NET CURRENT (LIABILITIES)/ASSETS (5,571 ) 434
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,725

)

1,653

CREDITORS
Amounts falling due after more than one
year

7

6,125

7,487
NET LIABILITIES (10,850 ) (5,834 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (11,850 ) (6,834 )
SHAREHOLDERS' FUNDS (10,850 ) (5,834 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TTMG Internet Limited (Registered number: 07697326)

Statement of Financial Position - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





K W Wallis - Director


TTMG Internet Limited (Registered number: 07697326)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

TTMG Internet 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TTMG Internet Limited (Registered number: 07697326)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1,417 3,898 5,315
DEPRECIATION
At 1 August 2022 1,252 2,844 4,096
Charge for year 25 348 373
At 31 July 2023 1,277 3,192 4,469
NET BOOK VALUE
At 31 July 2023 140 706 846
At 31 July 2022 165 1,054 1,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 720 877
Social security & other tax 497 215
Directors' current accounts - 2,359
Prepayments 122 148
1,339 3,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 1,788 2,056
Trade creditors 1,015 339
Directors' current accounts 3,423 -
Accrued expenses 701 836
6,927 3,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 6,125 7,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,487

TTMG Internet Limited (Registered number: 07697326)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 253 556
Bank loans 1,535 1,500
1,788 2,056

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,535 1,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,590 4,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,487

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
K W Wallis
Balance outstanding at start of year 2,359 (2,105 )
Amounts advanced - 4,464
Amounts repaid (5,782 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,423 ) 2,359