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Registered number: 04572095
Ting n Ting Limited
Financial Statements
For The Year Ended 31 October 2023
BBAS LTD.
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04572095
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 15,068 39,196
15,068 39,196
Creditors: Amounts Falling Due Within One Year 4 (700 ) (700 )
NET CURRENT ASSETS (LIABILITIES) 14,368 38,496
TOTAL ASSETS LESS CURRENT LIABILITIES 14,368 38,496
Creditors: Amounts Falling Due After More Than One Year 5 (71,065 ) (74,386 )
NET LIABILITIES (56,697 ) (35,890 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (56,699 ) (35,892 )
SHAREHOLDERS' FUNDS (56,697) (35,890)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Garfield Davidson
Director
30/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ting n Ting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04572095 . The registered office is Unit 1c - The Showhouse , Merton Abbey Mills , Watermill Way , London , SW19 2RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 700 700
5. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,192 21,278
Directors loan account 53,873 53,108
71,065 74,386
Page 2
Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 3