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REGISTERED NUMBER: 09275992 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2023 to 31 January 2024

for

T&T Group Ltd

T&T Group Ltd (Registered number: 09275992)






Contents of the Financial Statements
for the Period 1 December 2023 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

T&T Group Ltd

Company Information
for the Period 1 December 2023 to 31 January 2024







DIRECTORS: J C Thornton
K Thornton





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 09275992 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

T&T Group Ltd (Registered number: 09275992)

Balance Sheet
31 January 2024

31/1/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,470 125,722

CURRENT ASSETS
Stocks 200,623 329,313
Debtors 5 430,556 412,995
Cash at bank 12,811 35,513
643,990 777,821
CREDITORS
Amounts falling due within one year 6 401,384 440,454
NET CURRENT ASSETS 242,606 337,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,076

463,089

CREDITORS
Amounts falling due after more than one year 7 (335,925 ) (275,603 )

PROVISIONS FOR LIABILITIES (40,513 ) (23,887 )
NET ASSETS 81,638 163,599

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,637 163,598
81,638 163,599

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

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

T&T Group Ltd (Registered number: 09275992)

Balance Sheet - continued
31 January 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 29 January 2025 and were signed on its behalf by:





K Thornton - Director


T&T Group Ltd (Registered number: 09275992)

Notes to the Financial Statements
for the Period 1 December 2023 to 31 January 2024

1. STATUTORY INFORMATION

T&T 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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 period 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 period 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.

T&T Group Ltd (Registered number: 09275992)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 January 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 period was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 31,205 217,129 6,340 254,674
Additions - 103,000 1,124 104,124
At 31 January 2024 31,205 320,129 7,464 358,798
DEPRECIATION
At 1 December 2023 27,597 58,783 4,899 91,279
Charge for period 1,850 49,747 452 52,049
At 31 January 2024 29,447 108,530 5,351 143,328
NET BOOK VALUE
At 31 January 2024 1,758 211,599 2,113 215,470
At 30 November 2023 3,608 158,346 1,441 163,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 30/11/23
£    £   
Trade debtors 184,934 165,426
Amounts owed by group undertakings 228,406 236,314
Other debtors 17,216 11,255
430,556 412,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 30/11/23
£    £   
Bank loans and overdrafts 62,670 52,124
Hire purchase contracts 43,115 27,693
Trade creditors 186,332 223,482
Taxation and social security 9,941 2,359
Other creditors 99,326 134,796
401,384 440,454

T&T Group Ltd (Registered number: 09275992)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 30/11/23
£    £   
Bank loans 160,087 177,749
Hire purchase contracts 175,838 97,854
335,925 275,603

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed K Thornton £53,424 (2023: £25,245) and J Thornton £42,431 (2023: £25,000).

9. ULTIMATE CONTROLLING PARTY

The Company's immediate parent company is T&T Group Holdings Ltd, a company incorporated in the UK.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T&T Group Ltd

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 Group Ltd for the period ended 31 January 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 Group Ltd, 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 Group Ltd and state those matters that we have agreed to state to the Board of Directors of T&T Group Ltd, 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 Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T&T Group Ltd 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 Group Ltd. You consider that T&T Group Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of T&T Group Ltd. 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.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


29 January 2025