T&T Contractors (Wales) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11277941

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		283,140		329,713

			283,140		329,713
CURRENT ASSETS
Debtors	5	52,900		26,399
Cash at bank and in hand		25,385		14,179

		78,285		40,578
Creditors: Amounts Falling Due Within One Year	6	(60,737 )		(61,393 )

NET CURRENT ASSETS (LIABILITIES)			17,548		(20,815 )

TOTAL ASSETS LESS CURRENT LIABILITIES			300,688		308,898

Creditors: Amounts Falling Due After More Than One Year	7		(204,900 )		(164,515 )

NET ASSETS			95,788		144,383

CAPITAL AND RESERVES
Called up share capital	9		2		2
Revaluation reserve	10		24,547		104,547
Profit and Loss Account			71,239		39,834

SHAREHOLDERS' FUNDS			95,788		144,383

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T&T Contractors (Wales) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jamie Thomas

Director

09/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

T&T Contractors (Wales) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11277941 . The registered office is 35 Dan Y Coed, Tonmawr, Port Talbot, SA12 9UH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Plant & Machinery	25
Motor Vehicles	25
Fixtures & Fittings	25
Computer Equipment	25

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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T&T Contractors (Wales) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 April 2024	120,000	139,550	195,125	1,718	456,393
Additions	-	5,410	124,939	-	130,349
Disposals	-	-	(60,328 )	-	(60,328 )
Revaluation	(80,000 )	-	-	-	(80,000 )

As at 31 March 2025	40,000	144,960	259,736	1,718	446,414

Depreciation
As at 1 April 2024	-	50,740	74,889	1,051	126,680
Provided during the period	-	23,555	40,663	183	64,401
Disposals	-	-	(27,807 )	-	(27,807 )

As at 31 March 2025	-	74,295	87,745	1,234	163,274

Net Book Value
As at 31 March 2025	40,000	70,665	171,991	484	283,140

As at 1 April 2024	120,000	88,810	120,236	667	329,713

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	17,124	10,483
Other debtors	31,016	11,120
VAT	4,760	4,796

	52,900	26,399

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T&T Contractors (Wales) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	38,457	28,929
Trade creditors	8,272	16,826
Bank loans and overdrafts	10,000	10,000
Corporation tax	2,798	592
Other taxes and social security	661	4,651
Accruals and deferred income	350	350
Directors' loan accounts	199	45

	60,737	61,393

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	202,011	151,625
Bank loans	2,889	12,890

	204,900	164,515

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	38,457	28,929
Later than one year and not later than five years	202,011	151,625

	240,468	180,554

	240,468	180,554

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 April 2024	104,547	39,834
Profit for year	-	71,405

Deficit on revaluation	(80,000)	-

Other comprehensive income for the year	(80,000 )	-

Total comprehensive income for the year	(80,000)	71,405

Dividends paid	-	(40,000)

As at 31 March 2025	24,547	71,239

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