TTA Trading Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09011008 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

TTA Trading Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V J Berry

C J Alfaro

REGISTERED OFFICE:

The Brewhouse Theatre And Arts Centre

Coal Orchard

Taunton

Somerset

TA11JL

REGISTERED NUMBER:

09011008 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

5,288

941

CURRENT ASSETS

Stocks

6,264

4,448

Debtors

5

8,108

8,578

Cash at bank and in hand

67,057

62,748

81,429

75,774

CREDITORS

Amounts falling due within one year

6

19,543

15,755

NET CURRENT ASSETS

61,886

60,019

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,174

60,960

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

67,173

60,959

67,174

60,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 December 2025 and were signed on its behalf by:

Mrs V J Berry - Director

1.	STATUTORY INFORMATION

TTA Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The Directors have adopted the going concern basis of accounting when preparing the financial statements. The impact of the Covid-19 pandemic had a significant impact on the ability of the company to trade during the period. The Directors are confident that the company's trade will resume as the Theatre reopens. The company has net current assets at the balance sheet date, and the Directors are confident that liabilities can be met as they fall due. The Directors therefore consider it appropriate to adopt the going concern basis of accounting.

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.

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

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

Gift aid donations

In accordance with FRS 102, gift aid payments to the company's parent company, Taunton Theatre Association Limited, are shown as distributions.

Tax effect on gift aid donations

Where a gift aid payment has not been paid at the year end date, but payment is probable within 9 months of the year end date the income tax effect of the gift aid payment is recognised at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

2,500

Additions

6,356

At 31 March 2025

8,856

DEPRECIATION

At 1 April 2024

1,559

Charge for year

2,009

At 31 March 2025

3,568

NET BOOK VALUE

At 31 March 2025

5,288

At 31 March 2024

941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

4,769

4,154

Amounts owed by group undertakings

-

1,085

Other debtors

3,339

8,108

8,578

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

2,598

4,665

VAT

10,980

8,984

Other creditors

5,965

2,106

19,543

15,755

7.	RELATED PARTY DISCLOSURES

The company is exempt from disclosing transactions with its parent company as it is a wholly owned subsidiary. Consolidated financial statements in which the subsidiary is included are publicly available.

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking and controlling party is Taunton Theatre Association Limited, of The Brewhouse Theatre and Arts Centre, Coal Orchard, Taunton, TA1 1JL, a company incorporated in England and Wales, company registration number 08658085, charity number 1156472. A copy of their financial statements can be obtained from the Charity Commission.