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REGISTERED NUMBER: 07406680 (England and Wales)















TTS SUPPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


TTS SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: Mr R Balderson





REGISTERED OFFICE: 4a Bessemer
Sawcliffe Industrial Estate
Scunthorpe
North Lincolnshire
DN15 8XE





REGISTERED NUMBER: 07406680 (England and Wales)

TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)

BALANCE SHEET
31ST OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 528,889 510,381
528,889 510,381

CURRENT ASSETS
Stocks 83,500 43,500
Debtors 6 527,836 461,678
Cash at bank 69,195 50,369
680,531 555,547
CREDITORS
Amounts falling due within one year 7 747,791 571,900
NET CURRENT LIABILITIES (67,260 ) (16,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,629

494,028

CREDITORS
Amounts falling due after more than one year 8 (388,317 ) (463,814 )

PROVISIONS FOR LIABILITIES (11,226 ) (14,798 )
NET ASSETS 62,086 15,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,986 15,316
SHAREHOLDERS' FUNDS 62,086 15,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)

BALANCE SHEET - continued
31ST OCTOBER 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 director and authorised for issue on 25th October 2024 and were signed by:





Mr R Balderson - Director


TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

TTS Support 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 45 (2022 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 10,000
AMORTISATION
At 1st November 2022
and 31st October 2023 10,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st November 2022 432,495 86,441 15,278 86,750 620,964
Additions - - - 46,685 46,685
At 31st October 2023 432,495 86,441 15,278 133,435 667,649
DEPRECIATION
At 1st November 2022 - 57,226 7,807 45,550 110,583
Charge for year - 7,304 1,868 19,005 28,177
At 31st October 2023 - 64,530 9,675 64,555 138,760
NET BOOK VALUE
At 31st October 2023 432,495 21,911 5,603 68,880 528,889
At 31st October 2022 432,495 29,215 7,471 41,200 510,381

TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 39,690
At 31st October 2023 39,690
DEPRECIATION
Charge for year 8,264
At 31st October 2023 8,264
NET BOOK VALUE
At 31st October 2023 31,426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 527,252 436,618
Other debtors 584 25,060
527,836 461,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 117,846 115,591
Hire purchase contracts 4,489 -
Trade creditors 240,245 223,252
Taxation and social security 380,231 228,426
Other creditors 4,980 4,631
747,791 571,900

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 359,382 463,814
Hire purchase contracts 28,935 -
388,317 463,814

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 211,877 217,654

TTS SUPPORT LIMITED (REGISTERED NUMBER: 07406680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 477,228 579,405

National Westminster Bank plc holds fixed and floating charges over the property and assets present and future including goodwill and fixtures and fixed plant and machinery dated 12th December 2019.