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REGISTERED NUMBER: 06644635 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

TTSUK Ltd

TTSUK Ltd (Registered number: 06644635)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TTSUK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr J G Rigg
Mrs. L Rigg





SECRETARY: Mr J G Rigg





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 06644635 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

TTSUK Ltd (Registered number: 06644635)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,030 50,068
29,030 50,068

CURRENT ASSETS
Stocks 6 - 41,000
Debtors 7 10,778 13,428
Cash at bank and in hand 77,627 3,070
88,405 57,498
CREDITORS
Amounts falling due within one year 8 63,389 105,730
NET CURRENT ASSETS/(LIABILITIES) 25,016 (48,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,046

1,836

CREDITORS
Amounts falling due after more than one
year

9

(28,387

)

(40,913

)

PROVISIONS FOR LIABILITIES (476 ) (4,228 )
NET ASSETS/(LIABILITIES) 25,183 (43,305 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,083 (43,405 )
SHAREHOLDERS' FUNDS 25,183 (43,305 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TTSUK Ltd (Registered number: 06644635)

Balance Sheet - continued
31 December 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 1 July 2025 and were signed on its behalf by:




Mr J G Rigg - Director



Mrs. L Rigg - Director


TTSUK Ltd (Registered number: 06644635)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

TTSUK 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following bases:

Plant and machinery25% on reducing balance
Fixtures and fittings25% on reducing balance
Motor vehicles20% on reducing balance
Computer equipment33% 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.

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.


TTSUK Ltd (Registered number: 06644635)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2024 67,800
Disposals (67,800 )
At 31 December 2024 -
AMORTISATION
At 1 January 2024 67,800
Eliminated on disposal (67,800 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

TTSUK Ltd (Registered number: 06644635)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2024 10,081 34,914 54,576 5,537 105,108
Additions 4,940 - - - 4,940
Disposals (14,563 ) (34,287 ) - (3,594 ) (52,444 )
At 31 December 2024 458 627 54,576 1,943 57,604
DEPRECIATION
At 1 January 2024 6,986 24,216 18,583 5,255 55,040
Charge for year 67 10 7,198 274 7,549
Eliminated on disposal (6,790 ) (23,631 ) - (3,594 ) (34,015 )
At 31 December 2024 263 595 25,781 1,935 28,574
NET BOOK VALUE
At 31 December 2024 195 32 28,795 8 29,030
At 31 December 2023 3,095 10,698 35,993 282 50,068

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£
COST
At 1 January 2024
and 31 December 2024 45,926
DEPRECIATION
At 1 January 2024
and 31 December 2024 12,767
NET BOOK VALUE
At 31 December 2024 33,159
At 31 December 2023 33,159

6. STOCKS
31.12.24 31.12.23
£ £
Stocks - 41,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 2,218 6,687
Other debtors 8,560 6,741
10,778 13,428

TTSUK Ltd (Registered number: 06644635)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Bank loans and overdrafts (see note 10) 6,000 10,398
Finance leases (see note 11) 4,934 4,934
Trade creditors 12,998 32,564
Taxation and social security 10,360 20,091
Other creditors 29,097 37,743
63,389 105,730

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Bank loans (see note 10) 2,500 8,500
Finance leases (see note 11) 25,887 32,413
28,387 40,913

10. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£ £
Amounts falling due within one year or on demand:
Bank overdrafts - 4,398
Bank loans 6,000 6,000
6,000 10,398

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,500 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,500

11. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.12.24 31.12.23
£ £
Net obligations repayable:
Within one year 4,934 4,934
Between one and five years 25,887 32,413
30,821 37,347

TTSUK Ltd (Registered number: 06644635)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£ £
Bank loans 8,500 14,500
Finance leases 30,821 37,347
39,321 51,847

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors amounts falling due within 1 year is £25,754 (2023 - £ 34,559) of loans due to the directors. The loans are interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J G Rigg.