Company Registration No. 10947600 (England and Wales)
Tillett Group Limited
Unaudited accounts
for the year ended 31 October 2023
Tillett Group Limited
Company Information
for the year ended 31 October 2023
Directors
M Tillett
S Tillett
Company Number
10947600 (England and Wales)
Registered Office
TILLETT RACING SEATS
STYLES CLOSE
SITTINGBOURNE
KENT
ME10 3BF
ENGLAND
Accountants
Lynxexcel Ltd
26 Royston Road
Bearsted
Maidstone
Kent
ME15 8NS
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Tillett Group Limited
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Tillett Group Limited for the year ended
31 October 2023 as set out on pages
4 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Lynxexcel Ltd
Chartered Certified Accountants
26 Royston Road
Bearsted
Maidstone
Kent
ME15 8NS
29 July 2024
Tillett Group Limited
Statement of Financial Position
as at 31 October 2023
Fixed assets
2,268,437
1,737,493
Creditors: amounts falling due within one year
(1,055,004)
(898,631)
Net current liabilities
(1,055,004)
(898,546)
Total assets less current liabilities
1,213,433
838,947
Creditors: amounts falling due after more than one year
(1,529,293)
(1,102,533)
Net liabilities
(315,860)
(263,586)
Capital and reserves
(315,860)
(263,586)
Tillett Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10947600. The registered office is TILLETT RACING SEATS, STYLES CLOSE, SITTINGBOURNE, KENT, ME10 3BF, ENGLAND.
2 Guarantees and other financial commitments
The company has granted fixed and floating charges on its assets to secure the bank loan of £1,882,626 (31 Oct 2022 - £1,386,866). The deed of covenant document has been signed by the directors.
The loan is currently repayable at the rate of £69,000 in the year until 31 October 2024 and the balance of £1,813,626 is due in years after.
Accounting estimates, disclosure:
Due to limitation in obtaining a relevant documentation the company can not provide, the year end bank loan balance is an estimated figure.
The KCC loan has been fully repaid.
3 Average number of employees
During the year the average number of employees was 0 (2022: 0).
Tillett Group Limited
Statement of Financial Position
as at 31 October 2023 (continued)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 29 July 2024
M Tillett
Director
Company Registration No. 10947600