Company registration number 14035891 (England and Wales)
TT SUPERVISORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TT SUPERVISORS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TT SUPERVISORS LTD (REGISTERED NUMBER: 14035891)
BALANCE SHEET
AS AT 29 APRIL 2024
29 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,052
18,418
Current assets
Debtors
4
8,460
57,864
Cash at bank and in hand
139,167
45,820
147,627
103,684
Creditors: amounts falling due within one year
5
(68,155)
(44,404)
Net current assets
79,472
59,280
Total assets less current liabilities
104,524
77,698
Provisions for liabilities
(4,760)
(4,393)
Net assets
99,764
73,305
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
99,763
73,304
Total equity
99,764
73,305

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 January 2025
Mr T Tudor
Director
TT SUPERVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024
- 2 -
1
Accounting policies
Company information

TT Supervisors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover for the sale of goods is recognised when all of the following conditions are met:

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TT SUPERVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
-25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
TT SUPERVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 4 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 30 April 2023
20,890
Additions
32,500
Disposals
(20,890)
At 29 April 2024
32,500
Depreciation and impairment
At 30 April 2023
2,472
Depreciation charged in the year
7,448
Eliminated in respect of disposals
(2,472)
At 29 April 2024
7,448
Carrying amount
At 29 April 2024
25,052
At 29 April 2023
18,418
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
46,183
Other debtors
8,460
11,681
8,460
57,864
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,486
6,246
Taxation and social security
14,385
27,048
Other creditors
28,284
11,110
68,155
44,404
TT SUPERVISORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 APRIL 2024
- 5 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
100
100
1
1
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