Company Registration No. 11652783 (England and Wales)
T&C Lifestyle Ltd
Unaudited accounts
for the year ended 31 October 2024
T&C Lifestyle Ltd
Unaudited accounts
Contents
T&C Lifestyle Ltd
Company Information
for the year ended 31 October 2024
Company Number
11652783 (England and Wales)
Registered Office
6 Warren Drive
Linton
Swadlincote
Derbyshire
DE12 6QP
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
T&C Lifestyle Ltd
Statement of financial position
as at 31 October 2024
Investment property
250,000
205,000
Cash at bank and in hand
550
9,320
Creditors: amounts falling due within one year
(44,454)
(53,636)
Net current liabilities
(43,904)
(44,316)
Total assets less current liabilities
206,096
160,684
Creditors: amounts falling due after more than one year
(135,000)
(135,000)
Provisions for liabilities
Deferred tax
(28,845)
(14,820)
Called up share capital
1
1
Fair value reserve
123,000
78,000
Profit and loss account
(80,750)
(67,137)
Shareholders' funds
42,251
10,864
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Edward Williams
Director
Company Registration No. 11652783
T&C Lifestyle Ltd
Notes to the Accounts
for the year ended 31 October 2024
T&C Lifestyle Ltd is a private company, limited by shares, registered in England and Wales, registration number 11652783. The registered office is 6 Warren Drive, Linton, Swadlincote, Derbyshire, DE12 6QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 November 2023
205,000
Net gain from fair value adjustments
45,000
At 31 October 2024
250,000
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
43,674
52,856
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
135,000
135,000
T&C Lifestyle Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).