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REGISTERED NUMBER: 07247231 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

T T Optimal Limited

T T Optimal Limited (Registered number: 07247231)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


T T Optimal Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S T Thistlethwayte
Mrs H C H Thistlethwayte





REGISTERED OFFICE: Frogmore
Weston under Penyard
Nr Ross on Wye
Herefordshire
HR9 5TQ





REGISTERED NUMBER: 07247231 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T T Optimal Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T T Optimal Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T T Optimal Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T T Optimal Limited and state those matters that we have agreed to state to the Board of Directors of T T Optimal Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T T Optimal Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T T Optimal Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T T Optimal Limited. You consider that T T Optimal Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T T Optimal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

T T Optimal Limited (Registered number: 07247231)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,532 25,724
37,532 25,724

CURRENT ASSETS
Debtors 6 3,518 8,712
Cash at bank 555,492 607,041
559,010 615,753
CREDITORS
Amounts falling due within one year 7 70,862 114,833
NET CURRENT ASSETS 488,148 500,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,680

526,644

PROVISIONS FOR LIABILITIES 2,402 2,912
NET ASSETS 523,278 523,732

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 523,178 523,632
SHAREHOLDERS' FUNDS 523,278 523,732

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

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

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 22 January 2025 and were signed on its behalf by:





S T Thistlethwayte - Director


T T Optimal Limited (Registered number: 07247231)

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

1. STATUTORY INFORMATION

T T Optimal 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvments to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings- 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment- 25 % on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

T T Optimal Limited (Registered number: 07247231)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 2,996
AMORTISATION
At 1 June 2023
and 31 May 2024 2,996
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 12,112 44,838 6,270
Additions - - -
Disposals - - -
At 31 May 2024 12,112 44,838 6,270
DEPRECIATION
At 1 June 2023 1,712 34,668 4,941
Charge for year 242 1,526 199
Eliminated on disposal - - -
At 31 May 2024 1,954 36,194 5,140
NET BOOK VALUE
At 31 May 2024 10,158 8,644 1,130
At 31 May 2023 10,400 10,170 1,329

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 30,846 2,027 96,093
Additions 20,500 - 20,500
Disposals (21,235 ) - (21,235 )
At 31 May 2024 30,111 2,027 95,358
DEPRECIATION
At 1 June 2023 27,021 2,027 70,369
Charge for year 5,866 - 7,833
Eliminated on disposal (20,376 ) - (20,376 )
At 31 May 2024 12,511 2,027 57,826
NET BOOK VALUE
At 31 May 2024 17,600 - 37,532
At 31 May 2023 3,825 - 25,724

T T Optimal Limited (Registered number: 07247231)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,518 1,036
Other debtors - 7,676
3,518 8,712

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21 11
Taxation and social security 3,176 -
Other creditors 67,665 114,822
70,862 114,833

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies jointly with S T and Mrs H C H Thistlethwayte due to their 100% shareholding.