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REGISTERED NUMBER: 03799224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

T2 BUILDING SERVICES LTD

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)






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


T2 BUILDING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Turner
Mrs L L Turner
B Unwin
E A Turner
M Thompson
S G Turner
W E Onslow





SECRETARY: Mrs L L Turner





REGISTERED OFFICE: Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
CM13 1AB





REGISTERED NUMBER: 03799224 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 595,292 619,951

CURRENT ASSETS
Stocks 130,958 139,818
Debtors 5 1,371,627 955,396
Cash at bank and in hand 836,892 620,213
2,339,477 1,715,427
CREDITORS
Amounts falling due within one year 6 1,768,377 1,012,031
NET CURRENT ASSETS 571,100 703,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,166,392

1,323,347

CREDITORS
Amounts falling due after more than one
year

7

207,683

265,410
NET ASSETS 958,709 1,057,937

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 957,709 1,056,937
SHAREHOLDERS' FUNDS 958,709 1,057,937

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.

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





A Turner - Director


T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

T2 Building Services 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 44 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 67,259 1,140,487 11,029 1,218,775
Additions - 262,235 1,249 263,484
Disposals - (145,456 ) - (145,456 )
At 30 June 2024 67,259 1,257,266 12,278 1,336,803
DEPRECIATION
At 1 July 2023 53,943 533,853 11,028 598,824
Charge for year 3,329 193,712 313 197,354
Eliminated on disposal - (54,667 ) - (54,667 )
At 30 June 2024 57,272 672,898 11,341 741,511
NET BOOK VALUE
At 30 June 2024 9,987 584,368 937 595,292
At 30 June 2023 13,316 606,634 1 619,951

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 730,138
Additions 136,492
Disposals (125,790 )
Transfer to ownership (143,622 )
At 30 June 2024 597,218
DEPRECIATION
At 1 July 2023 296,359
Charge for year 118,780
Eliminated on disposal (41,223 )
Transfer to ownership (83,032 )
At 30 June 2024 290,884
NET BOOK VALUE
At 30 June 2024 306,334
At 30 June 2023 433,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 602,190 237,532
Other debtors 13,200 10,000
Directors' current accounts 431,000 602,988
VAT 241,900 29,979
Prepayments and accrued income 83,337 74,897
1,371,627 955,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 189,359 10,015
Hire purchase contracts 82,636 108,273
Trade creditors 1,243,946 673,276
Tax 110,783 131,762
Social security and other taxes 53,016 39,997
Other creditors 76,169 38,030
Pensions 6,968 5,978
Accruals and deferred income 5,500 4,700
1,768,377 1,012,031

T2 BUILDING SERVICES LTD (REGISTERED NUMBER: 03799224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,640 10,268
Bank loans - 2-5 years - 9,640
Hire purchase contracts 198,043 245,502
207,683 265,410