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Registration number: 01576632

TDR Transmission Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

TDR Transmission Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

TDR Transmission Ltd

Company Information

Directors

L Walkland

J Smith

CJ Smith

D Morland

Registered office

5 Hunsley Street
Sheffield
SOUTH YORKSHIRE
S4 8DY

 

TDR Transmission Ltd

(Registration number: 01576632)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

43,936

47,768

Current assets

 

Stocks

5

239,576

258,880

Debtors

6

2,741,524

2,510,133

Cash at bank and in hand

 

277,334

163,268

 

3,258,434

2,932,281

Creditors: Amounts falling due within one year

7

(1,504,153)

(1,545,236)

Net current assets

 

1,754,281

1,387,045

Total assets less current liabilities

 

1,798,217

1,434,813

Creditors: Amounts falling due after more than one year

7

(4,361)

(10,380)

Provisions for liabilities

(10,983)

(11,941)

Net assets

 

1,782,873

1,412,492

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,782,773

1,412,392

Shareholders' funds

 

1,782,873

1,412,492

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

TDR Transmission Ltd

(Registration number: 01576632)
Balance Sheet as at 30 November 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 February 2025 and signed on its behalf by:
 

.........................................
L Walkland
Director

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5 Hunsley Street
Sheffield
SOUTH YORKSHIRE
S4 8DY
England

These financial statements were authorised for issue by the Board on 17 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on reducing balance & 10% on reducing balance

Amortisation

Asset class

Amortisation method and rate

Goodwill

20 years

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2023 - 23).

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

55,209

50,001

69,590

174,800

Additions

10,314

463

-

10,777

At 30 November 2024

65,523

50,464

69,590

185,577

Depreciation

At 1 December 2023

29,641

43,345

54,046

127,032

Charge for the year

8,412

2,311

3,886

14,609

At 30 November 2024

38,053

45,656

57,932

141,641

Carrying amount

At 30 November 2024

27,470

4,808

11,658

43,936

At 30 November 2023

25,568

6,656

15,544

47,768

5

Stocks

2024
£

2023
£

Raw materials and consumables

239,576

258,880

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

1,047,545

945,298

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

930,462

930,462

Prepayments

 

15,167

14,729

Other debtors

 

748,350

619,644

 

2,741,524

2,510,133

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,000

7,117

Trade creditors

 

547,676

561,480

Taxation and social security

 

600,569

503,804

Accruals and deferred income

 

6,178

5,097

Other creditors

 

343,730

467,738

 

1,504,153

1,545,236

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

4,361

10,380

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

4,361

10,380

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,000

6,000

Finance lease liabilities

-

1,117

6,000

7,117

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

9

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

At 30 November 2024
£

D Morland

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

152,649

32,098

184,747

CJ Smith

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

154,489

28,506

182,995

J Smith

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

153,174

32,020

185,194

L Walkland

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

159,322

36,083

195,406

 

TDR Transmission Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

D Morland

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

124,781

177,868

(150,000)

152,649

CJ Smith

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

128,126

176,363

(150,000)

154,489

J Smith

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

124,769

178,405

(150,000)

153,174

L Walkland

Interest is charged at a rate of 2.5% p.a. on the overdrawn directors loan accounts. There are no fixed terms of repayment. Amounts disclosed are aggregates.

129,664

179,659

(150,000)

159,322