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Registered number: 03582058 T 4 DESIGN LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
T 4 DESIGN LIMITED REGISTERED NUMBER: 03582058 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 605,488 |  | 661,589
Investments | 5 |  | 154,283 |  | -
|  |  | 759,771 |  | 661,589
Current assets |  |  |  |  |
Stocks |  | 253,835 |  | 300,351 |
Debtors: amounts falling due within one year | 7 | 529,627 |  | 522,725 |
Cash at bank and in hand | 8 | 226,175 |  | 630,210 |
|  | 1,009,637 |  | 1,453,286 |
Creditors: amounts falling due within one year | 9 | (536,359) |  | (574,182) |
Net current assets |  |  | 473,278 |  | 879,104
Total assets less current liabilities |  |  | 1,233,049 |  | 1,540,693
Creditors: amounts falling due after more than one year | 10 |  | (35,213) |  | (157,470)
Provisions for liabilities |  |  |  |  |
Deferred tax | 13 |  | (147,810) |  | (160,397)
Net assets |  |  | 1,050,026 |  | 1,222,826
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Revaluation reserve | 14 |  | 5,757 |  | 20,000
Capital redemption reserve | 14 |  | 4 |  | 4
Profit and loss account | 14 |  | 1,044,263 |  | 1,202,820
|  |  | 1,050,026 |  | 1,222,826
Page 1
T 4 DESIGN LIMITED REGISTERED NUMBER: 03582058 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2026.
K W Oldham
Director
The notes on pages 4 to 16 form part of these financial statements. Page 2
T 4 DESIGN LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Capital redemption reserve | Revaluation reserve | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 July 2023 | 2 | 4 | 30,000 | 1,171,945 | 1,201,951
Profit for the year | - | - | - | 229,675 | 229,675
Dividends: Equity capital | - | - | - | (208,800) | (208,800)
Transfer to/from profit and loss account | - | - | (10,000) | 10,000 | -
At 1 July 2024 | 2 | 4 | 20,000 | 1,202,820 | 1,222,826
Profit for the year | - | - | - | 126,000 | 126,000
Dividends: Equity capital | - | - | - | (298,800) | (298,800)
Transfer to/from profit and loss account | - | - | (14,243) | 14,243 | -
At 30 June 2025 | 2 | 4 | 5,757 | 1,044,263 | 1,050,026
| The notes on pages 4 to 16 form part of these financial statements.
Page 3
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
T4 Design Limited is a company incorporated and domiciled in England (company number 03582058). Its registered office and principal place of business is situated at Units 1, 2 and 3 Hermitage Lane Industrial Estate, Mansfield, Nottinghamshire NG18 5ES. The principal activity of the company is the production of bespoke glass solutions. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company is expected to generate positive cash flows for the foreseeable future and should therefore be able to operate within the current level of working capital. At the date of approval of the financial statements, the full impact of the cost of living and wider geopolitical issues remains unclear. The directors understand that the company may be affected by general economic factors in the UK and are monitoring the situation. On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. Page 4
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.5 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 5
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.7 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 6
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 10% Straight line
|  |  |  | Plant and machinery | - | 10% Straight line
|  |  |  | Toughening plant | - | 10% Straight line
|  |  |  | Motor vehicles | - | 20% Straight line
|  |  |  | Office equipment | - | 10-20% Straight line
|  |  |  | Fixtures, fittings and equipment | - | 10% to 20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Revaluation of tangible fixed assets
The toughening plant is carried at current year value, which is the fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance Sheet date. Fair values are determined by market appraisal made by the directors. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.11 | Valuation of investments
Investments in cryptocurrencies are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.12 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.13 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Page 7
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate Page 8
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.14 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 22 (2024 - 22).
Page 9
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Toughen-ing plant | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |  |
| At 1 July 2024 | 44,712 | 1,671,561 | 564,236 | - | 36,236 | 34,898 | 2,351,643
| Additions | - | 8,250 | - | 21,700 | 4,920 | - | 34,870
| Disposals | - | (72,704) | - | - | (1,586) | - | (74,290)
| At 30 June 2025 | 44,712 | 1,607,107 | 564,236 | 21,700 | 39,570 | 34,898 | 2,312,223
| Depreciation |  |  |  |  |  |  |
| At 1 July 2024 | 44,712 | 1,090,048 | 495,753 | - | 31,909 | 27,632 | 1,690,054
| Charge for the year on owned assets | - | 29,514 | 16,172 | 949 | 943 | 1,890 | 49,468
| Charge for the year on financed assets | - | 40,034 | - | - | - | - | 40,034
| Disposals | - | (71,235) | - | - | (1,586) | - | (72,821)
| At 30 June 2025 | 44,712 | 1,088,361 | 511,925 | 949 | 31,266 | 29,522 | 1,706,735
| Net book value |  |  |  |  |  |  |
| At 30 June 2025 | - | 518,746 | 52,311 | 20,751 | 8,304 | 5,376 | 605,488
| At 30 June 2024 | - | 581,513 | 68,483 | - | 4,327 | 7,266 | 661,589
Page 10
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 4.Tangible fixed assets (continued)
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Plant and machinery | 287,409 | 322,653
Cost or valuation at 30 June 2025 is as follows:
|  |  | Toughening plant
|  |  | £
|  | At cost | 464,236
|  | At valuation: |
|  | Revalued by the directors on 30 June 2016 | 100,000
|  |  | 564,236
| If the toughening plant had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cost | 464,236 | 464,236
| Accumulated depreciation | (421,924) | (415,753)
| Net book value | 42,312 | 48,483
Page 11
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
5. | Fixed asset investments
|  | Cryptocurre-ncies
|  | £
| Cost or valuation |
| Additions | 159,941
| Revaluations | (5,658)
| At 30 June 2025 | 154,283
| The investment in cryptocurrencies has been treated as a fixed asset invesment as it is intended to be held long-term rather than traded. The investment will be revalued to market value at each balance sheet date.
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 210,592 | 224,772
| Work in progress (goods to be sold) | 43,243 | 75,579
|  | 253,835 | 300,351
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 411,131 | 405,089
| Prepayments and accrued income | 118,496 | 117,636
|  | 529,627 | 522,725
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 226,175 | 630,210
Page 12
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 46,000 | 46,000
| Trade creditors | 214,553 | 211,017
| Other taxation and social security | 135,830 | 184,151
| Obligations under finance lease and hire purchase contracts | 76,257 | 88,793
| Other creditors | 13,135 | 13,275
| Accruals and deferred income | 50,584 | 30,946
|  | 536,359 | 574,182
| Obligations under finance leases and hire purchase contracts are secured on the related assets. Bank loans are secured by fixed and floating charges over the remaining assets of the company.
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 3,833 | 49,833
| Net obligations under finance leases and hire purchase contracts | 31,380 | 107,637
|  | 35,213 | 157,470
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 46,000 | 46,000
| Amounts falling due 1-2 years |  |
| Bank loans | 3,833 | 46,000
| Amounts falling due 2-5 years |  |
| Bank loans | - | 3,833
|  | 49,833 | 95,833
| The bank loan is a CBILS facility.
Page 13
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 76,257 | 88,793
| Between 1-5 years | 31,380 | 107,637
|  | 107,637 | 196,430
Page 14
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
13. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 160,397
| Charged/(credited) to profit or loss | (12,587)
| At end of year | 147,810
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 149,225 | 160,397
| Revaluation surplus | 1,415 | -
|  | 147,810 | 160,397
14. | Reserves
Revaluation reserve Unrealised gains and losses on revaluation of fixed assets and investments, net of the related deferred tax charge, are held separately in the revaluation reserve. These gains are not distributable. The difference between depreciation calculated on the valuation of the the relevant assets and on their historical cost is released to the profit and loss account each year. Capital redemption reserve This reserve arose on the repurchase of issued shares in previous years and is not distributable. Profit and loss account Profits after dividends are accumulated and carried forward in the profit and loss account.
15. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £40,356 (2024 - £40,935). Contributions totalling £5,325 (2024 - £5,834) were payable to the fund at the balance sheet date and are included in creditors. Page 15
T 4 DESIGN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
16. | Auditors' information
The auditors' report on the financial statements for the year ended 30 June 2025 was unqualified. The audit report was signed on 6 February 2026 by Jonathan Wilson FCA CTA (Senior Statutory Auditor) on behalf of Barnett & Turner Accountants Limited.
Page 16