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REGISTERED NUMBER: SC379766 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

T&TQS Ltd

T&TQS Ltd (Registered number: SC379766)






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


T&TQS Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J A B Swan



REGISTERED OFFICE: Flat 7
43 Tryst Park
Kinnaird Village
Larbert
Stirlingshire
FK5 4FN



REGISTERED NUMBER: SC379766 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: The Royal Bank of Scotland
Unit 9/10
Crownest Park
Main Street
Stenhousemuir
Larbert
FK5 3JX

T&TQS Ltd (Registered number: SC379766)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,219 5,625
Investment property 5 161,509 148,372
165,728 153,997

CURRENT ASSETS
Debtors 6 5,745 23,778
Cash at bank 70,701 19,667
76,446 43,445
CREDITORS
Amounts falling due within one year 7 103,245 96,314
NET CURRENT LIABILITIES (26,799 ) (52,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,929

101,128

CREDITORS
Amounts falling due after more than one year 8 (1,000 ) (2,500 )

PROVISIONS FOR LIABILITIES (802 ) (1,069 )
NET ASSETS 137,127 97,559

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 137,126 97,558
137,127 97,559

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 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.

T&TQS Ltd (Registered number: SC379766)

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 director and authorised for issue on 29 March 2024 and were signed by:





J A B Swan - Director


T&TQS Ltd (Registered number: SC379766)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

T&TQS Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

T&TQS Ltd (Registered number: SC379766)

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
and 30 June 2023 14,827
DEPRECIATION
At 1 July 2022 9,202
Charge for year 1,406
At 30 June 2023 10,608
NET BOOK VALUE
At 30 June 2023 4,219
At 30 June 2022 5,625

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 148,372
Additions 13,137
At 30 June 2023 161,509
NET BOOK VALUE
At 30 June 2023 161,509
At 30 June 2022 148,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 4,738 22,771
Other debtors 1,007 1,007
5,745 23,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 1,500 1,500
Taxation and social security 23,246 29,615
Other creditors 78,499 65,199
103,245 96,314

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 1,000 2,500

T&TQS Ltd (Registered number: SC379766)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is J A B Swan.