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Company Registration No. 06305755 (England and Wales)
T and T Filtration Limited Unaudited accounts for the year ended 31 July 2024
T and T Filtration Limited Unaudited accounts Contents
Page
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T and T Filtration Limited Company Information for the year ended 31 July 2024
Director
A P Birchall
Company Number
06305755 (England and Wales)
Registered Office
VENTA HOUSE MAESGLAS RETAIL PARK NEWPORT NP20 2NS WALES
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of T and T Filtration Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of T and T Filtration Limited for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 17 September 2024
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T and T Filtration Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,135 
4,538 
Current assets
Inventories
4,000 
4,000 
Debtors
50,687 
31,990 
Cash at bank and in hand
3,155 
15,395 
57,842 
51,385 
Creditors: amounts falling due within one year
(50,069)
(34,822)
Net current assets
7,773 
16,563 
Total assets less current liabilities
8,908 
21,101 
Creditors: amounts falling due after more than one year
(8,213)
(18,302)
Provisions for liabilities
Deferred tax
(216)
(862)
Net assets
479 
1,937 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
377 
1,835 
Shareholders' funds
479 
1,937 
For the year ending 31 July 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2024 and were signed on its behalf by
A P Birchall Director Company Registration No. 06305755
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T and T Filtration Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
T and T Filtration Limited is a private company, limited by shares, registered in England and Wales, registration number 06305755. The registered office is VENTA HOUSE, MAESGLAS RETAIL PARK, NEWPORT, NP20 2NS, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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T and T Filtration Limited Notes to the Accounts for the year ended 31 July 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2023
17,614 
At 31 July 2024
17,614 
Depreciation
At 1 August 2023
13,076 
Charge for the year
3,403 
At 31 July 2024
16,479 
Net book value
At 31 July 2024
1,135 
At 31 July 2023
4,538 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
216 
862 
2024 
2023 
£ 
£ 
Provision at start of year
862 
1,509 
Credited to the profit and loss account
(646)
(647)
Provision at end of year
216 
862 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 Ordinary B shares of £1 each
1 
1 
1 Ordinary C shares of £1 each
1 
1 
102 
102 
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T and T Filtration Limited Notes to the Accounts for the year ended 31 July 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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