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REGISTERED NUMBER: 13183552 (England and Wales)















Unaudited Financial Statements For The Year Ended 28 February 2024

for

T&C Shutters Limited

T&C Shutters Limited (Registered number: 13183552)






Contents of the Financial Statements
For The Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T&C Shutters Limited

Company Information
For The Year Ended 28 February 2024







DIRECTORS: C J Nimmo
T J Singleton





REGISTERED OFFICE: 57 Pennine Way
Liverpool
L32 2BJ





REGISTERED NUMBER: 13183552 (England and Wales)






T&C Shutters Limited (Registered number: 13183552)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,430 28,877

CURRENT ASSETS
Debtors 5 41,537 16,377
Cash at bank 63,336 58,758
104,873 75,135
CREDITORS
Amounts falling due within one year 6 105,049 87,592
NET CURRENT LIABILITIES (176 ) (12,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,254

16,420

CREDITORS
Amounts falling due after more than one year 7 (31,423 ) (11,387 )

PROVISIONS FOR LIABILITIES - (5,247 )
NET ASSETS/(LIABILITIES) 4,831 (214 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,829 (216 )
4,831 (214 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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&C Shutters Limited (Registered number: 13183552)

Balance Sheet - continued
28 February 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 28 February 2025 and were signed on its behalf by:





C J Nimmo - Director


T&C Shutters Limited (Registered number: 13183552)

Notes to the Financial Statements
For The Year Ended 28 February 2024

1. STATUTORY INFORMATION

T&C Shutters 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
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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 each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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 profit and loss.

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.

T&C Shutters Limited (Registered number: 13183552)

Notes to the Financial Statements - continued
For The Year Ended 28 February 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 year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 44,748
Additions 20,995
Disposals (1,783 )
At 28 February 2024 63,960
DEPRECIATION
At 1 March 2023 15,871
Charge for year 12,016
Eliminated on disposal (357 )
At 28 February 2024 27,530
NET BOOK VALUE
At 28 February 2024 36,430
At 28 February 2023 28,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors - 16,377
Other debtors 41,537 -
41,537 16,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade creditors - 8,666
Taxation and social security 42,573 20,345
Other creditors 62,476 58,581
105,049 87,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 31,423 11,387

T&C Shutters Limited (Registered number: 13183552)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 28 February 2024 and the period ended 28 February 2023:

28.2.24 28.2.23
£    £   
C J Nimmo
Balance outstanding at start of year - -
Amounts advanced 20,769 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,769 -

T J Singleton
Balance outstanding at start of year - -
Amounts advanced 20,768 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,768 -

Included in other debtors is a loan to the directors of £41,537. The loan is repayable on demand.