Registration number: NI607009

Technical Transport Products Ltd

(Registration number: NI607009)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,917	12,667
Current assets
Debtors	5	608,589	375,926
Cash at bank and in hand		992,380	1,119,844
		1,600,969	1,495,770
Creditors: Amounts falling due within one year	6	(77,890)	(66,712)
Net current assets		1,523,079	1,429,058
Total assets less current liabilities		1,530,996	1,441,725
Provisions for liabilities		(1,978)	(3,166)
Net assets		1,529,018	1,438,559
Capital and reserves
Called up share capital	7	2	2
Retained earnings		1,529,016	1,438,557
Shareholders' funds		1,529,018	1,438,559

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Technical Transport Products Ltd

(Registration number: NI607009)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

......................................... Mrs Tracy Martin Director

......................................... Mrs Kathryn Dickey Director

Technical Transport Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 5 Woodside Road Ind Estate, Ballymena, Co. Antrim, BT42 4QJ.

These financial statements were authorised for issue by the Board on 19 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of 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 when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit or loss, except that a change 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.

Technical Transport Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 balance sheet 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
Motor vehicles	25% straight line basis

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising on impairment are recognised in the profit and loss account in operating expenses.

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.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

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.

Technical Transport Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	34,745	34,745
At 31 March 2025	34,745	34,745
Depreciation
At 1 April 2024	22,078	22,078
Charge for the year	4,750	4,750
At 31 March 2025	26,828	26,828
Carrying amount
At 31 March 2025	7,917	7,917
At 31 March 2024	12,667	12,667

5

Debtors

Current	2025 £	2024 £
Trade debtors	43,137	43,335
Other debtors	565,452	332,591
	608,589	375,926

Technical Transport Products Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

	2025 £	2024 £
Trade creditors	6,480	-
Taxation and social security	8,350	-
Other creditors	63,060	66,712
	77,890	66,712

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

8	Related party transactions

The balance due from the directors at the year end was £2 (2024: £2).

The company occupies property owned by Technical Transport Products, a business in which both company directors and shareholders are partners.

Included in debtors is a loan amount of £554,167 which is due from the Technical Transport Products partenership. Interest has been charged on this amount.