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Registration number: 14394230

Tilt Engineering and Design Ltd Unaudited Financial Statements for the Year Ended 31 December 2024
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Tilt Engineering and Design Ltd

Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 7,548 | 3,198
Current assets |  |  |
Debtors | 5 | 171,550 | 50,612
Cash at bank and in hand |  | 57,146 | 3,990
|  | 228,696 | 54,602
Creditors: Amounts falling due within one year | 6 | (112,680) | (31,467)
Net current assets |  | 116,016 | 23,135
Total assets less current liabilities |  | 123,564 | 26,333
Provisions for liabilities |  | (1,887) | -
Net assets |  | 121,677 | 26,333
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 121,577 | 26,233
Shareholders' funds |  | 121,677 | 26,333

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The director of Tilt Engineering and Design have elected not to include a copy of the Income Statement within the financial statements, in accordance with te special provision relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Tilt Engineering and Design Ltd

Statement of Financial Position as at 31 December 2024

Approved and authorised by the director on 5 September 2025

.........................................

Mr I A Dobson

Director

Company registration number: 14394230

Tilt Engineering and Design Ltd

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

1 | General information

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

The address of its registered office is:
73 Ordnance Yard
Upnor Road
Lower Upnor
Rochester
Kent
ME2 4UY

The principal activity of the company is that of the provision of engineering related scientific and technical consulting services.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 31 December 2024 and had net assets of £121,677 at that date, including cash at bank of £57,146.
The company has continued to trade profitably subsequent to 31 December 2024.
After making enquires, the directors have a reasonable expectation that the company has adequate resources to meet its financial obligations as they become due and therefore the financial statements have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy 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 from consultancy services over the period services are provided once it is probable that future economic benefits will flow to the entity.

Tilt Engineering and Design Ltd

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge 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 statement of financial position 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
Office equipment | 3 years straight line

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.

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.

Tilt Engineering and Design Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company during the year, was 6 (2023 - 3).

4 | Tangible assets

| Office equipment £
Cost or valuation
At 1 January 2024 | 5,271
Additions | 7,545
At 31 December 2024 | 12,816
Depreciation
At 1 January 2024 | 2,073
Charge for the year | 3,195
At 31 December 2024 | 5,268
Carrying amount
At 31 December 2024 | 7,548
At 31 December 2023 | 3,198

Tilt Engineering and Design Ltd

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

5 | Debtors

| 2024 £ | 2023 £
Trade debtors | 106,414 | 40,396
Amounts owed by group undertakings | 60,566 | 10,080
Other debtors | 4,570 | 136
| 171,550 | 50,612

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Trade creditors | 7,318 | 1,632
Amounts owed to group undertakings | 9,104 | 6,944
Taxation and social security | 93,003 | 20,204
Accruals and deferred income | 1,194 | 1,000
Other creditors | 2,061 | 1,687
| 112,680 | 31,467

7 | Transactions with director

During the year there were advances to the director of £1,018 and repayments of £1,018. No interest has been charged and there were no terms in place.