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Registered number: 14221237
TNT Developments SA Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Tony R Pomfret & Associates
37a High Street
Hoddesdon
EN11 8TA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14221237
28 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,387 -
1,387 -
CURRENT ASSETS
Cash at bank and in hand 3,006 1
3,006 1
Creditors: Amounts Falling Due Within One Year 5 (5,318 ) -
NET CURRENT ASSETS (LIABILITIES) (2,312 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES (925 ) 1
Creditors: Amounts Falling Due After More Than One Year 6 (366 ) -
NET (LIABILITIES)/ASSETS (1,291 ) 1
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (1,292 ) -
SHAREHOLDERS' FUNDS (1,291) 1
Page 1
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Thomas Keogh
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TNT Developments SA Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14221237 . The registered office is 37a High Street, Hoddesdon, Hertfordshire, EN11 8TA.
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. Going Concern Disclosure
These financial statements have been prepared on a going concern basis owing to most of the funding for the company being by way of directors loan accounts. The directors have made a commitment not to seek repayment of the loans within the foreseeable future. The directors are confident that the company will trade out of its current difficulties.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 -
Additions 1,849
As at 28 February 2024 1,849
Depreciation
As at 1 March 2023 -
Provided during the period 462
As at 28 February 2024 462
Net Book Value
As at 28 February 2024 1,387
As at 1 March 2023 -
5. Creditors: Amounts Falling Due Within One Year
28 February 2024 28 February 2023
£ £
Net obligations under finance lease and hire purchase contracts 549 -
Other creditors 4,769 -
5,318 -
6. Creditors: Amounts Falling Due After More Than One Year
28 February 2024 28 February 2023
£ £
Net obligations under finance lease and hire purchase contracts 366 -
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7. Obligations Under Finance Leases and Hire Purchase
28 February 2024 28 February 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 549 -
Later than one year and not later than five years 366 -
915 -
915 -
8. Share Capital
28 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
At the balance sheet date, the company owed £756 to Mr T Keogh, who is director and shareholder of the company. At the balance sheet date, the company owed £712  to Mr T Bowditch, who is director of the company.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr T Keogh by virtue of his ownership of 100% of the issued share capital in the company.
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