Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true22false2023-05-01falseNo description of principal activity21The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03757133 2023-05-01 2024-04-30 03757133 2022-05-01 2023-04-30 03757133 2024-04-30 03757133 2023-04-30 03757133 c:Director1 2023-05-01 2024-04-30 03757133 c:Director2 2023-05-01 2024-04-30 03757133 c:Director3 2023-05-01 2024-04-30 03757133 c:Director4 2023-05-01 2024-04-30 03757133 c:RegisteredOffice 2023-05-01 2024-04-30 03757133 d:MotorVehicles 2023-05-01 2024-04-30 03757133 d:MotorVehicles 2024-04-30 03757133 d:MotorVehicles 2023-04-30 03757133 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03757133 d:FurnitureFittings 2023-05-01 2024-04-30 03757133 d:FurnitureFittings 2024-04-30 03757133 d:FurnitureFittings 2023-04-30 03757133 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03757133 d:ComputerEquipment 2023-05-01 2024-04-30 03757133 d:ComputerEquipment 2024-04-30 03757133 d:ComputerEquipment 2023-04-30 03757133 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03757133 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03757133 d:Goodwill 2023-05-01 2024-04-30 03757133 d:Goodwill 2024-04-30 03757133 d:Goodwill 2023-04-30 03757133 d:CurrentFinancialInstruments 2024-04-30 03757133 d:CurrentFinancialInstruments 2023-04-30 03757133 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03757133 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03757133 d:ShareCapital 2024-04-30 03757133 d:ShareCapital 2023-04-30 03757133 d:SharePremium 2024-04-30 03757133 d:SharePremium 2023-04-30 03757133 d:RetainedEarningsAccumulatedLosses 2024-04-30 03757133 d:RetainedEarningsAccumulatedLosses 2023-04-30 03757133 c:FRS102 2023-05-01 2024-04-30 03757133 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03757133 c:FullAccounts 2023-05-01 2024-04-30 03757133 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03757133 d:WithinOneYear 2024-04-30 03757133 d:WithinOneYear 2023-04-30 03757133 d:BetweenOneFiveYears 2024-04-30 03757133 d:BetweenOneFiveYears 2023-04-30 03757133 d:MoreThanFiveYears 2024-04-30 03757133 d:MoreThanFiveYears 2023-04-30 03757133 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 03757133







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


THE T C GROUP LIMITED






































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THE T C GROUP LIMITED
 


 
COMPANY INFORMATION


Directors
T Clark 
M Humphries 
J Clark 
D Furey 




Registered number
03757133



Registered office
Unit 13 Jubilee Estate
Foundry Lane

Horsham

West Sussex

RH13 5UE




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


THE T C GROUP LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 9



 


THE T C GROUP LIMITED
REGISTERED NUMBER:03757133



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
62,846
71,076

Tangible assets
 5 
34,648
12,691

Investments
 6 
83
83

  
97,577
83,850

Current assets
  

Stocks
  
144,490
147,769

Debtors: amounts falling due within one year
 7 
579,630
712,017

Cash at bank and in hand
  
467,829
318,859

  
1,191,949
1,178,645

Creditors: amounts falling due within one year
 8 
(783,369)
(803,070)

Net current assets
  
 
 
408,580
 
 
375,575

Provisions for liabilities
  

Deferred tax
  
(1,774)
-

  
 
 
(1,774)
 
 
-

Net assets
  
504,383
459,425

Page 1

 


THE T C GROUP LIMITED
REGISTERED NUMBER:03757133


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

2024
2023
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
3,750
3,750

Share premium account
  
49,250
49,250

Profit and loss account
  
451,383
406,425

  
504,383
459,425


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M Humphries
J Clark
Director
Director


Date: 23 August 2024
Date:23 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The T C Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is generated through the sale of branded promotional products and is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in the profit or loss account in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following bases:

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line
Fixtures and fittings
-
15% - 25% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 -21).

Page 5

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
364,023


Revaluation surplus
(1,206)



At 30 April 2024

362,817



Amortisation


At 1 May 2023
292,947


Charge for the year
7,024



At 30 April 2024

299,971



Net book value



At 30 April 2024
62,846



At 30 April 2023
71,076



Page 6

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 May 2023
24,700
28,256
82,321
135,277


Additions
-
12,942
18,187
31,129



At 30 April 2024

24,700
41,198
100,508
166,406



Depreciation


At 1 May 2023
22,783
24,105
75,698
122,586


Charge for the year
1,917
2,497
4,758
9,172



At 30 April 2024

24,700
26,602
80,456
131,758



Net book value



At 30 April 2024
-
14,596
20,052
34,648



At 30 April 2023
1,917
4,151
6,623
12,691


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
83



At 30 April 2024
83




Page 7

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
464,579
544,722

Other debtors
115,051
164,358

Deferred taxation
-
2,937

579,630
712,017



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
10,417

Trade creditors
388,762
377,441

Corporation tax
35,226
20,469

Other taxation and social security
60,936
63,711

Other creditors
298,445
331,032

783,369
803,070



9.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
33,050
33,050

Later than 1 year and not later than 5 years
87,644
100,625

Later than 5 years
1,000
13,000

121,694
146,675

Page 8

 


THE T C GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Transactions with directors

Included within other creditors and other debtors are the following transactions with directors.


2024
2023
£
£

Balance outstanding at start of year
(55,410)
(14,439)
Amounts advanced
(52,624)
(59,885)
Amounts repaid
81,562
18,914
Balance outstanding at end of year
(26,472)
(55,410)

Interest was not charged on this loan and it is repayable on demand.

 
Page 9