Registered number
09414399
T&T Agency Ltd
Filleted Accounts
31 January 2024
T&T Agency Ltd
Registered number: 09414399
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 50,129 172
Current assets
Stocks 90,452 145,836
Debtors 4 212,235 79,921
Cash at bank and in hand 34,016 245,800
336,703 471,557
Creditors: amounts falling due within one year 5 (31,849) (147,724)
Net current assets 304,854 323,833
Total assets less current liabilities 354,983 324,005
Creditors: amounts falling due after more than one year 6 (56,794) -
Net assets 298,189 324,005
Capital and reserves
Called up share capital 100 100
Profit and loss account 298,089 323,905
Shareholder's funds 298,189 324,005
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
X Li
Director
Approved by the board on 30 September 2024
T&T Agency Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicle Total
£ £ £
Cost
At 1 February 2023 458 - 458
Additions - 62,589 62,589
At 31 January 2024 458 62,589 63,047
Depreciation
At 1 February 2023 286 - 286
Charge for the year 114 12,518 12,632
At 31 January 2024 400 12,518 12,918
Net book value
At 31 January 2024 58 50,071 50,129
At 31 January 2023 172 - 172
4 Debtors 2024 2023
£ £
Trade debtors 59,933 8,532
Other debtors 152,302 71,389
212,235 79,921
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 634 31,239
Other creditors 31,215 116,485
31,849 147,724
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 56,794 -
7 Other information
T&T Agency Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 10, Big Yellow Storage
Unit 1-3, Beverley Way
New Malden
Surrey
KT3 4PH
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