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REGISTERED NUMBER: 04495028 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

T.D. (UK) Limited

T.D. (UK) Limited (Registered number: 04495028)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.D. (UK) Limited

Company Information
for the Year Ended 30 June 2024







Directors: T M S Davis
A D Fletcher





Registered office: Unit 34-35 Staunton Court
Ledbury Road
Staunton
Gloucester
GL19 3QS





Registered number: 04495028 (England and Wales)





Accountants: Crowthers Chartered Accountants
10 The Southend
Ledbury
Herefordshire
HR8 2EY

T.D. (UK) Limited (Registered number: 04495028)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,406 205,188

CURRENT ASSETS
Stocks 1,282,965 1,101,587
Debtors 5 1,914,756 2,079,630
Cash at bank and in hand 106,561 18,117
3,304,282 3,199,334
CREDITORS
Amounts falling due within one year 6 2,061,987 2,103,483
NET CURRENT ASSETS 1,242,295 1,095,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,701

1,301,039

CREDITORS
Amounts falling due after more than one
year

7

(95,737

)

-

PROVISIONS FOR LIABILITIES (60,790 ) (51,297 )
NET ASSETS 1,330,174 1,249,742

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,330,074 1,249,642
1,330,174 1,249,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.D. (UK) Limited (Registered number: 04495028)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





T M S Davis - Director


T.D. (UK) Limited (Registered number: 04495028)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

T.D. (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Therefore actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Within the company, the area where significant judgements and estimates are made by the directors is in the stock valuation. Stock of materials is valued on a cost price basis but is subject to ongoing reviews and a provision made where the directors are of the opinion that specific items are slow moving and require being written down to net realisable value. At the year-end, the directors have no concerns over the recoverability of the company's stock balance as shown on the balance sheet.

Turnover
Turnover represents the value of goods sold during the period net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, Straight line over 5 years, 15% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


T.D. (UK) Limited (Registered number: 04495028)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2023 - 7 ) .

T.D. (UK) Limited (Registered number: 04495028)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 July 2023 339,616
Additions 108,195
Disposals (9,500 )
At 30 June 2024 438,311
Depreciation
At 1 July 2023 132,502
Charge for year 64,174
Eliminated on disposal (2,771 )
At 30 June 2024 193,905
Net book value
At 30 June 2024 244,406
At 30 June 2023 207,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,655,642 1,795,652
Amounts owed by group undertakings 114,194 166,521
Other debtors 41,482 60,125
Prepayments and accrued income 103,438 57,332
1,914,756 2,079,630

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,124 76,389
Finance/Hire Purchase 51,073 -
Trade creditors 1,086,766 1,039,879
Tax 27,969 6,097
Social security and other taxes 143,891 115,853
Other creditors 646,832 845,892
Directors' current accounts 12,209 15,000
Accrued expenses 26,123 4,373
2,061,987 2,103,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance/Hire Purchase 95,737 -

T.D. (UK) Limited (Registered number: 04495028)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 67,124 76,389

9. RELATED PARTY DISCLOSURES

The company is a fully owned subsidiary of T D Tyres Limited. The parent company's address is Unit 34-35 Staunton Court Ledbury Road, Staunton, Gloucester, GL19 3QS.

During the year, T D Tyres Limited made a management charge of £23,000 (2023: £25,000) to T.D. (UK) Limited. Last year's figure represented 2 years charges of £12,500 per annum..

Bethel Education Limited (a company which is under common control) also owes T.D. (UK) Limited £78,315 (2023: £77,603).

T D Tyres Property Limited (a company which is under common control), also owes T.D. (UK) Limited £44,351 (2023: £44,887). During the year, T D Tyres Property Limited made a management charge of £35,000 (2023:£50,000) to T.D. (UK) Limited. Last year's figure represented 2 years charges of £25,000 per annum.