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REGISTERED NUMBER: 04285408 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

T C Developments North East Ltd

T C Developments North East Ltd (Registered number: 04285408)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T C Developments North East Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr A N Cuthbert





REGISTERED OFFICE: C/o Milner Smeaton
Viking House
Falcon Court, Preston Farm
Stockton-on-Tees
TS18 3TS





REGISTERED NUMBER: 04285408 (England and Wales)





ACCOUNTANTS: Milner Smeaton
Chartered Accountants and Chartered Tax Advisers
Viking House
Falcon Court
Preston Farm
Stockton-on-Tees
TS18 3TS

T C Developments North East Ltd (Registered number: 04285408)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,178 91,947

CURRENT ASSETS
Stocks 595,255 595,255
Debtors 5 1,084,531 848,126
Cash at bank 51,990 384,028
1,731,776 1,827,409
CREDITORS
Amounts falling due within one year 6 27,577 39,470
NET CURRENT ASSETS 1,704,199 1,787,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,775,377

1,879,886

CREDITORS
Amounts falling due after more than one year 7 (13,333 ) (23,333 )

PROVISIONS FOR LIABILITIES (11,481 ) (17,471 )
NET ASSETS 1,750,563 1,839,082

CAPITAL AND RESERVES
Allotted, called up and fully paid share capital 200 200
Retained earnings 1,750,363 1,838,882
1,750,563 1,839,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 October 2024 and were signed by:





Mr A N Cuthbert - Director


T C Developments North East Ltd (Registered number: 04285408)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

T C Developments North East Ltd 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 etc - 33% on cost and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

T C Developments North East Ltd (Registered number: 04285408)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 192,582
Disposals (21,675 )
At 31 January 2024 170,907
DEPRECIATION
At 1 February 2023 100,635
Charge for year 14,500
Eliminated on disposal (15,406 )
At 31 January 2024 99,729
NET BOOK VALUE
At 31 January 2024 71,178
At 31 January 2023 91,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 365 366
Other debtors 1,084,166 847,760
1,084,531 848,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,456 561
Taxation and social security 10,876 19,355
Other creditors 5,245 9,554
27,577 39,470

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,333 23,333

8. OTHER FINANCIAL COMMITMENTS

At the year end the company had operating lease commitments totalling £914 (2023 : £9,394)

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors were advanced £212,660 (2023: £8,557) and they repaid £212,660 (2023: £8,557) Interest has been charged at the market rate and the outstanding amounts are repayable on demand.