IRIS Accounts Production v24.1.0.578 06518039 director 27.10.22 25.10.23 25.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065180392022-10-26065180392023-10-25065180392022-10-272023-10-25065180392021-10-27065180392021-10-282022-10-26065180392022-10-2606518039ns15:EnglandWales2022-10-272023-10-2506518039ns14:PoundSterling2022-10-272023-10-2506518039ns10:Director12022-10-272023-10-2506518039ns10:PrivateLimitedCompanyLtd2022-10-272023-10-2506518039ns10:SmallEntities2022-10-272023-10-2506518039ns10:AuditExempt-NoAccountantsReport2022-10-272023-10-2506518039ns10:SmallCompaniesRegimeForDirectorsReport2022-10-272023-10-2506518039ns10:SmallCompaniesRegimeForAccounts2022-10-272023-10-2506518039ns10:FullAccounts2022-10-272023-10-2506518039ns5:CurrentFinancialInstruments2023-10-2506518039ns5:CurrentFinancialInstruments2022-10-2606518039ns5:Non-currentFinancialInstruments2023-10-2506518039ns5:Non-currentFinancialInstruments2022-10-2606518039ns5:ShareCapital2023-10-2506518039ns5:ShareCapital2022-10-2606518039ns5:RetainedEarningsAccumulatedLosses2023-10-2506518039ns5:RetainedEarningsAccumulatedLosses2022-10-2606518039ns10:RegisteredOffice2022-10-272023-10-2506518039ns5:FurnitureFittings2022-10-272023-10-2506518039ns5:MotorVehicles2022-10-272023-10-2506518039ns5:FurnitureFittings2022-10-2606518039ns5:MotorVehicles2022-10-2606518039ns5:FurnitureFittings2023-10-2506518039ns5:MotorVehicles2023-10-2506518039ns5:FurnitureFittings2022-10-2606518039ns5:MotorVehicles2022-10-2606518039ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-2506518039ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-26
REGISTERED NUMBER: 06518039 (England and Wales)














Unaudited Financial Statements

for the Period 27 October 2022 to 25 October 2023

for

T. N. Direct Limited
Trading as
IT-Warehouse

T. N. Direct Limited (Registered number: 06518039)
Trading as IT-Warehouse






Contents of the Financial Statements
for the Period 27 October 2022 to 25 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


T. N. Direct Limited (Registered number: 06518039)
Trading as IT-Warehouse

Balance Sheet
25 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,805 3,740

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 252,735 136,615
Cash at bank and in hand 120,731 310,677
383,466 457,292
CREDITORS
Amounts falling due within one year 6 302,681 316,498
NET CURRENT ASSETS 80,785 140,794
TOTAL ASSETS LESS CURRENT LIABILITIES 83,590 144,534

CREDITORS
Amounts falling due after more than one year 7 (67,034 ) (129,061 )

PROVISIONS FOR LIABILITIES (701 ) (948 )
NET ASSETS 15,855 14,525

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,854 14,524
SHAREHOLDERS' FUNDS 15,855 14,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 October 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





P G Holmes - Director


T. N. Direct Limited (Registered number: 06518039)
Trading as IT-Warehouse

Notes to the Financial Statements
for the Period 27 October 2022 to 25 October 2023

1. STATUTORY INFORMATION

T. N. Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06518039

Registered office: Ebenezer House
Ryecroft
Newcastle
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

T. N. Direct Limited (Registered number: 06518039)
Trading as IT-Warehouse

Notes to the Financial Statements - continued
for the Period 27 October 2022 to 25 October 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 27 October 2022
and 25 October 2023 12,794 6,417 19,211
DEPRECIATION
At 27 October 2022 11,085 4,386 15,471
Charge for period 427 508 935
At 25 October 2023 11,512 4,894 16,406
NET BOOK VALUE
At 25 October 2023 1,282 1,523 2,805
At 26 October 2022 1,709 2,031 3,740

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 252,735 136,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 62,027 54,921
Trade creditors 32,703 30,569
Amounts owed to group undertakings 374 -
Taxation and social security 62,191 98,188
Other creditors 145,386 132,820
302,681 316,498

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 67,034 129,061

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,731 14,245

8. ULTIMATE CONTROLLING PARTY

The controlling party is TNI Holdings Limited.

The ultimate controlling party is P G Holmes.