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REGISTERED NUMBER: 05315701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

T-Zero Limited

T-Zero Limited (Registered number: 05315701)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T-Zero Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M Oliver
S M Oliver
B M Moran





SECRETARY: Mrs M Oliver





REGISTERED OFFICE: Unit 6 Navigation Drive
Hurst Business Park
Brierley Hill
West Midlands
DY5 1UT





REGISTERED NUMBER: 05315701 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

T-Zero Limited (Registered number: 05315701)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,251 147,592

CURRENT ASSETS
Stocks 103,242 141,562
Debtors 5 548,229 175,631
Cash at bank 301,664 124,523
953,135 441,716
CREDITORS
Amounts falling due within one year 6 528,578 270,650
NET CURRENT ASSETS 424,557 171,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,808

318,658

CREDITORS
Amounts falling due after more than one
year

7

(54,683

)

(48,981

)

PROVISIONS FOR LIABILITIES 9 (45,008 ) (27,256 )
NET ASSETS 524,117 242,421

CAPITAL AND RESERVES
Called up share capital 10 103 103
Retained earnings 524,014 242,318
SHAREHOLDERS' FUNDS 524,117 242,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

T-Zero Limited (Registered number: 05315701)

Balance Sheet - continued
31 December 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 11 September 2024 and were signed on its behalf by:




Mrs M Oliver - Director S M Oliver - Director




B M Moran - Director


T-Zero Limited (Registered number: 05315701)

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

1. STATUTORY INFORMATION

T-Zero Limited 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.

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.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Office equipment - 33% 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 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.

T-Zero Limited (Registered number: 05315701)

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

2. ACCOUNTING POLICIES - continued

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.

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 310,995 31,010 18,654 360,659
Additions 97,635 - 1,501 99,136
At 31 December 2023 408,630 31,010 20,155 459,795
DEPRECIATION
At 1 January 2023 171,652 26,403 15,012 213,067
Charge for year 44,613 1,150 1,714 47,477
At 31 December 2023 216,265 27,553 16,726 260,544
NET BOOK VALUE
At 31 December 2023 192,365 3,457 3,429 199,251
At 31 December 2022 139,343 4,607 3,642 147,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 457,081 175,631
Other debtors 91,148 -
548,229 175,631

T-Zero Limited (Registered number: 05315701)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 37,428 21,045
Trade creditors 263,652 201,414
Taxation and social security 172,734 22,151
Other creditors 44,764 16,040
528,578 270,650

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,921 29,689
Hire purchase contracts (see note 8) 34,762 19,292
54,683 48,981

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Gross obligations repayable:
Within one year 41,835 22,951
Between one and five years 39,859 21,039
81,694 43,990

Finance charges repayable:
Within one year 4,407 1,906
Between one and five years 5,097 1,747
9,504 3,653

Net obligations repayable:
Within one year 37,428 21,045
Between one and five years 34,762 19,292
72,190 40,337

T-Zero Limited (Registered number: 05315701)

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

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 60,000 30,000
Between one and five years 210,000 270,000
270,000 300,000

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 45,008 27,256

Deferred
tax
£   
Balance at 1 January 2023 27,256
Provided during year 17,752
Balance at 31 December 2023 45,008

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100
2 Ordinary 'A' £1 2 2
1 Ordinary 'B' £1 1 1
103 103

11. RELATED PARTY DISCLOSURES

Debtors (including non interest bearing loans) as at 31st December 2023 include due from T-One Investments Limited £nil (2022 - £51,600) and due from T-Two Property Investments Limited £68,063 (2022 - £98,139).

Creditors (including non interest bearing loans) as at 31st December 2023 include due to T-One Investments Limited £nil (2022 - £112,344).

T-Zero Limited, T-One Investments Limited and T-Two Property Investments Limited share common directors and shareholders.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its director, Mr S Oliver, as he owns the majority of the issued share capital.