Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112022-07-01falsecontinues to be that of the provision of haulage and road transport services.1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09654481 2022-07-01 2023-12-31 09654481 2021-07-01 2022-06-30 09654481 2023-12-31 09654481 2022-06-30 09654481 2021-07-01 09654481 c:Director2 2022-07-01 2023-12-31 09654481 d:MotorVehicles 2022-07-01 2023-12-31 09654481 d:MotorVehicles 2023-12-31 09654481 d:MotorVehicles 2022-06-30 09654481 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 09654481 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-07-01 2023-12-31 09654481 d:OfficeEquipment 2022-07-01 2023-12-31 09654481 d:OfficeEquipment 2023-12-31 09654481 d:OfficeEquipment 2022-06-30 09654481 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 09654481 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-07-01 2023-12-31 09654481 d:OwnedOrFreeholdAssets 2022-07-01 2023-12-31 09654481 d:LeasedAssetsHeldAsLessee 2022-07-01 2023-12-31 09654481 d:CurrentFinancialInstruments 2023-12-31 09654481 d:CurrentFinancialInstruments 2022-06-30 09654481 d:Non-currentFinancialInstruments 2023-12-31 09654481 d:Non-currentFinancialInstruments 2022-06-30 09654481 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09654481 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09654481 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09654481 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09654481 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09654481 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 09654481 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09654481 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 09654481 d:ShareCapital 2023-12-31 09654481 d:ShareCapital 2022-06-30 09654481 d:RetainedEarningsAccumulatedLosses 2023-12-31 09654481 d:RetainedEarningsAccumulatedLosses 2022-06-30 09654481 c:OrdinaryShareClass1 2022-07-01 2023-12-31 09654481 c:OrdinaryShareClass1 2023-12-31 09654481 c:OrdinaryShareClass1 2022-06-30 09654481 c:OrdinaryShareClass2 2022-07-01 2023-12-31 09654481 c:OrdinaryShareClass2 2023-12-31 09654481 c:OrdinaryShareClass2 2022-06-30 09654481 c:FRS102 2022-07-01 2023-12-31 09654481 c:AuditExemptWithAccountantsReport 2022-07-01 2023-12-31 09654481 c:FullAccounts 2022-07-01 2023-12-31 09654481 c:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 09654481 2 2022-07-01 2023-12-31 09654481 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09654481 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 09654481 e:PoundSterling 2022-07-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09654481









T T L LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
T T L LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF T T L LIMITED
FOR THE PERIOD ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T T L Limited for the period ended 31 December 2023 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of T T L Limited in accordance with the terms of our engagement letter dated 24 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of T T L Limited and state those matters that we have agreed to state to the director of T T L Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T T L Limited and its director for our work or for this report. 

It is your duty to ensure that T T L Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T T L Limited. You consider that T T L Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of T T L Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Lancaster Clements Limited
 
Chartered Certified Accountants
  
Stanley House
27 Wellington Road
Bilston
West Midlands
WV14 6AH
16 September 2024
Page 1

 
T T L LIMITED
REGISTERED NUMBER: 09654481

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
30 June
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,272
22,126

  
12,272
22,126

Current assets
  

Debtors: amounts falling due within one year
 5 
90,249
68,645

Cash at bank and in hand
  
-
6,453

  
90,249
75,098

Creditors: amounts falling due within one year
 6 
(79,029)
(61,232)

Net current assets
  
 
 
11,220
 
 
13,866

Total assets less current liabilities
  
23,492
35,992

Creditors: amounts falling due after more than one year
 7 
(21,406)
(31,533)

Provisions for liabilities
  

Deferred tax
 9 
(3,455)
(4,203)

  
 
 
(3,455)
 
 
(4,203)

Net (liabilities)/assets
  
(1,369)
256


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
(1,469)
156

  
(1,369)
256


Page 2

 
T T L LIMITED
REGISTERED NUMBER: 09654481
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 on 16 September 2024.




Michael Paul Wilde
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The company is registered in England and Wales. The Company's registered office is 27 Stanley House, Wellington Road, Bilston, Wolverhampton WV14 6AH. The pricipal activity of the company continues to be that of the provision of haulage and road transport services.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 4

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

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

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 a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing Balance
Office equipment
-
25%
Reducing Balance

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.

Page 5

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 6

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
32,240
183
32,423


Disposals
(10,500)
-
(10,500)



At 31 December 2023

21,740
183
21,923



Depreciation


At 1 July 2022
10,274
23
10,297


Charge for the period on owned assets
-
60
60


Charge for the period on financed assets
8,237
-
8,237


Disposals
(8,943)
-
(8,943)



At 31 December 2023

9,568
83
9,651



Net book value



At 31 December 2023
12,172
100
12,272



At 30 June 2022
21,966
160
22,126

Page 7

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
30 June
2023
2022
£
£


Trade debtors
1,884
14,640

Other debtors
88,172
53,822

Prepayments and accrued income
193
183

90,249
68,645



6.


Creditors: Amounts falling due within one year

31 December
30 June
2023
2022
£
£

Bank overdrafts
1,808
-

Bank loans
2,277
4,600

Other loans
825
5,995

Trade creditors
120
2,226

Corporation tax
40,768
22,754

Other taxation and social security
26,613
19,295

Obligations under finance lease and hire purchase contracts
4,331
4,331

Accruals and deferred income
2,287
2,031

79,029
61,232


The assets held under hire purchase agreements are secured over the assets that they relate to within note 4 to the financial statements.

Page 8

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

31 December
30 June
2023
2022
£
£

Bank loans
12,021
13,417

Other loans
-
2,235

Net obligations under finance leases and hire purchase contracts
9,385
15,881

21,406
31,533


The assets held under hire purchase agreements are secured over the assets that they relate to within note 4 to the financial statements.


8.


Loans


Analysis of the maturity of loans is given below:


31 December
30 June
2023
2022
£
£

Amounts falling due within one year

Bank loans
2,277
4,600

Other loans
825
5,995


3,102
10,595

Amounts falling due 1-2 years

Bank loans
2,336
4,726

Other loans
-
2,235


2,336
6,961

Amounts falling due 2-5 years

Bank loans
9,685
8,690


9,685
8,690


15,123
26,246


Page 9

 
T T L LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Deferred taxation






2023
2022


£

£






At beginning of year
4,203
630


Charged to profit or loss
(748)
3,573



At end of year
3,455
4,203

The provision for deferred taxation is made up as follows:

31 December
30 June
2023
2022
£
£


Accelerated capital allowances
3,455
4,203

3,455
4,203


10.


Share capital

31 December
30 June
2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) ordinary 'A' shares of £1.00 each
50
50
50 (2022 - 50) ordinary 'B' shares of £1.00 each
50
50

100

100



11.


Transactions with directors

During the year the company received repayments of £42,290 and made advances to the director Paul Wilde of £111,422, which includes an interest charge of £2,981 (2022 £1,541) and at the balance sheet date owed the company £125,935 (2022 £53,822).


12.


Controlling party

The controlling interest in the company is held between Paul Wilde and Gillian Lindsay Wilde.

 
Page 10