REGISTERED NUMBER: 04511001 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

TTV Industrial Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A R Crisp

Mr B T Crisp

Mr T R Crisp

Mrs M Crisp

Mrs K A Crisp

SECRETARY:

Mrs C A Crisp

REGISTERED OFFICE:

Old London Road

Copdock

Ipswich

Suffolk

IP8 3JF

REGISTERED NUMBER:

04511001 (England and Wales)

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,615,507

1,502,183

Investments

6

166,000

-

1,781,507

1,502,183

CURRENT ASSETS

Stocks

250,000

264,673

Debtors

7

2,194,991

2,183,606

Cash at bank and in hand

883,850

847,917

3,328,841

3,296,196

CREDITORS

Amounts falling due within one year

8

402,681

467,955

NET CURRENT ASSETS

2,926,160

2,828,241

TOTAL ASSETS LESS CURRENT LIABILITIES

4,707,667

4,330,424

CREDITORS

Amounts falling due after more than one year

9

(94,775

)

(163,954

)

PROVISIONS FOR LIABILITIES

11

(163,212

)

(142,000

)

NET ASSETS

4,449,680

4,024,470

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

4,449,580

4,024,370

SHAREHOLDERS' FUNDS

4,449,680

4,024,470

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 28 November 2025 and were signed on its behalf by:

Mr A R Crisp - Director

Mr B T Crisp - Director

Mr T R Crisp - Director

1.	STATUTORY INFORMATION

TTV Industrial 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 arising from the acquisition of the business in 2002 is amortised over its estimated useful life of 10 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

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.

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 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

43,000

AMORTISATION

At 1 April 2024

and 31 March 2025

43,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

341,681

568,542

1,748,363

Additions

7,248

-

220,000

At 31 March 2025

348,929

568,542

1,968,363

DEPRECIATION

At 1 April 2024

-

-

1,188,335

Charge for year

-

-

156,004

At 31 March 2025

-

-

1,344,339

NET BOOK VALUE

At 31 March 2025

348,929

568,542

624,024

At 31 March 2024

341,681

568,542

560,028

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

70,586

62,865

2,792,037

Additions

64,529

766

292,543

At 31 March 2025

135,115

63,631

3,084,580

DEPRECIATION

At 1 April 2024

58,024

43,495

1,289,854

Charge for year

19,274

3,941

179,219

At 31 March 2025

77,298

47,436

1,469,073

NET BOOK VALUE

At 31 March 2025

57,817

16,195

1,615,507

At 31 March 2024

12,562

19,370

1,502,183

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Cryptocurrency

166,000

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

145,689

140,050

Other debtors

528,352

471,109

Directors' current accounts

1,517,010

1,566,537

Prepayments

3,940

5,910

2,194,991

2,183,606

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

88,956

109,028

Payments on account

38,220

32,657

Trade creditors

20,354

30,038

Tax

160,324

221,096

Social security and other taxes

40,474

28,285

VAT

34,438

35,776

Accrued expenses

6,075

6,075

Deferred government grants

13,840

5,000

402,681

467,955

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

58,255

148,954

Deferred government grants

36,520

15,000

94,775

163,954

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

147,211

257,982

Obligation under hire purchase agreements are secured on the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

163,212

142,000

Deferred

tax

£

Balance at 1 April 2024

142,000

Charge to Income Statement during year

21,212

Balance at 31 March 2025

163,212

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr A R Crisp

Balance outstanding at start of year

248,443

198,736

Amounts advanced

123,583

133,365

Amounts repaid

(83,444

)

(83,658

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

288,582

248,443

Mr T R Crisp

Balance outstanding at start of year

694,441

626,243

Amounts advanced

154,725

104,198

Amounts repaid

(207,475

)

(36,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

641,691

694,441

Mr B T Crisp

Balance outstanding at start of year

623,653

571,948

Amounts advanced

232,084

102,705

Amounts repaid

(269,000

)

(51,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

586,737

623,653