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REGISTERED NUMBER: 05892752 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

T3 Design Group Ltd

T3 Design Group Ltd (Registered number: 05892752)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T3 Design Group Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr C P Jones
Mrs J Jones





REGISTERED OFFICE: Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 05892752 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

T3 Design Group Ltd (Registered number: 05892752)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,633 9,709

CURRENT ASSETS
Stocks 36,696 -
Debtors 5 40,696 45,923
Cash at bank 22,880 (7,619 )
100,272 38,304
CREDITORS
Amounts falling due within one year 6 88,149 19,913
NET CURRENT ASSETS 12,123 18,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,756

28,100

CREDITORS
Amounts falling due after more than one year 7 (22,272 ) (28,000 )

PROVISIONS FOR LIABILITIES 8 (413 ) -
NET ASSETS 71 100

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (29 ) -
SHAREHOLDERS' FUNDS 71 100

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 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.

T3 Design Group Ltd (Registered number: 05892752)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Mr C P Jones - Director


T3 Design Group Ltd (Registered number: 05892752)

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

1. STATUTORY INFORMATION

T3 Design Group 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow;


Fixtures and fittings - 25% Reducing balance basis
Motor vehicles - 25% Reducing balance basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

T3 Design Group Ltd (Registered number: 05892752)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022 34,158 23,046 57,204
Additions 744 9,195 9,939
Disposals - (23,046 ) (23,046 )
At 31 July 2023 34,902 9,195 44,097
DEPRECIATION
At 1 August 2022 29,919 17,576 47,495
Charge for year 1,246 2,299 3,545
Eliminated on disposal - (17,576 ) (17,576 )
At 31 July 2023 31,165 2,299 33,464
NET BOOK VALUE
At 31 July 2023 3,737 6,896 10,633
At 31 July 2022 4,239 5,470 9,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors (3,615 ) 6,444
Other debtors 44,311 39,479
40,696 45,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 50,784 2,945
Taxation and social security 35,153 16,863
Other creditors 2,212 105
88,149 19,913

T3 Design Group Ltd (Registered number: 05892752)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 22,272 28,000

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 413 -

Deferred
tax
£   
Charge to Income Statement during year 413
Balance at 31 July 2023 413

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
95 Ordinary £1 95 95
5 Ordinary A £1 5 5
100 100