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REGISTERED NUMBER: 05892752 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

T3 Design Group Ltd

T3 Design Group Ltd (Registered number: 05892752)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T3 Design Group Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr C P Jones
Mrs J Jones





REGISTERED OFFICE: Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 05892752 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

T3 Design Group Ltd (Registered number: 05892752)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,803 10,633

CURRENT ASSETS
Stocks 81,278 36,696
Debtors 5 54,273 40,696
Cash at bank (21,671 ) 22,880
113,880 100,272
CREDITORS
Amounts falling due within one year 6 99,027 88,149
NET CURRENT ASSETS 14,853 12,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,656

22,756

CREDITORS
Amounts falling due after more than one year 7 (14,909 ) (22,272 )

PROVISIONS FOR LIABILITIES 8 (533 ) (413 )
NET ASSETS 2,214 71

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,114 (29 )
SHAREHOLDERS' FUNDS 2,214 71

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

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

The directors acknowledge their 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.

T3 Design Group Ltd (Registered number: 05892752)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr C P Jones - Director


T3 Design Group Ltd (Registered number: 05892752)

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

1. STATUTORY INFORMATION

T3 Design Group 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.

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, 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.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follow;


Fixtures and fittings - 25% Reducing balance basis
Motor vehicles - 25% Reducing balance basis

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.

T3 Design Group Ltd (Registered number: 05892752)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 34,902 9,195 44,097
Disposals - (9,195 ) (9,195 )
At 31 July 2024 34,902 - 34,902
DEPRECIATION
At 1 August 2023 31,165 2,299 33,464
Charge for year 934 - 934
Eliminated on disposal - (2,299 ) (2,299 )
At 31 July 2024 32,099 - 32,099
NET BOOK VALUE
At 31 July 2024 2,803 - 2,803
At 31 July 2023 3,737 6,896 10,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 18,872 (3,615 )
Other debtors 35,401 44,311
54,273 40,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 44,461 50,784
Taxation and social security 49,600 35,153
Other creditors 4,966 2,212
99,027 88,149

T3 Design Group Ltd (Registered number: 05892752)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 14,909 22,272

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 533 413

Deferred
tax
£   
Balance at 1 August 2023 413
Charge to Income Statement during year 120
Balance at 31 July 2024 533

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
95 Ordinary £1 95 95
5 Ordinary A £1 5 5
100 100