REGISTERED NUMBER: 04516906 (England and Wales)

T & S ASSOCIATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Welsh

A Welsh

SECRETARY:

Mrs S Welsh

REGISTERED OFFICE:

The Workshop,

Suite 5 Cherrytree Offices

Union Road

Sheffield

South Yorkshire

S11 9EF

REGISTERED NUMBER:

04516906 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Intangible assets

4

5,600

6,400

Tangible assets

5

378,668

564,626

Investment property

6

596,825

-

981,093

571,026

CURRENT ASSETS

Stocks

10,424

12,612

Debtors

7

416,900

388,625

Cash at bank and in hand

727,927

871,107

1,155,251

1,272,344

CREDITORS

Amounts falling due within one year

8

1,107,079

1,006,244

NET CURRENT ASSETS

48,172

266,100

TOTAL ASSETS LESS CURRENT LIABILITIES

1,029,265

837,126

CREDITORS

Amounts falling due after more than one year

9

(73,432

)

(84,441

)

PROVISIONS FOR LIABILITIES

(94,666

)

(86,488

)

NET ASSETS

861,167

666,197

CAPITAL AND RESERVES

Called up share capital

11

102

102

Retained earnings

861,065

666,095

SHAREHOLDERS' FUNDS

861,167

666,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 13 April 2026 and were signed on its behalf by:

Mrs S Welsh - Director

1.	STATUTORY INFORMATION

T & S Associates Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.Turnover arising from the sale of goods is recognised on delivery and turnover arising from rentals is recognised on a straight line basis over the term of the contract.

Intangible assets

The intangible asset is a franchise fee and is amortised evenly over its estimated useful life of 10 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost and not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

8,000

AMORTISATION

At 1 September 2024

1,600

Charge for year

800

At 31 August 2025

2,400

NET BOOK VALUE

At 31 August 2025

5,600

At 31 August 2024

6,400

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

247,000

854,090

14,144

235,876

1,351,110

Additions

-

102,914

92

76,966

179,972

Disposals

-

-

-

(82,432

)

(82,432

)

Reclassification/transfer

(247,000

)

-

-

-

(247,000

)

At 31 August 2025

-

957,004

14,236

230,410

1,201,650

DEPRECIATION

At 1 September 2024

28,327

623,453

9,613

125,091

786,484

Charge for year

-

83,388

1,155

34,221

118,764

Eliminated on disposal

-

-

-

(53,939

)

(53,939

)

Reclassification/transfer

(28,327

)

-

-

-

(28,327

)

At 31 August 2025

-

706,841

10,768

105,373

822,982

NET BOOK VALUE

At 31 August 2025

-

250,163

3,468

125,037

378,668

At 31 August 2024

218,673

230,637

4,531

110,785

564,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

160,134

Additions

76,966

Disposals

(46,870

)

At 31 August 2025

190,230

DEPRECIATION

At 1 September 2024

56,704

Charge for year

33,069

Eliminated on disposal

(21,112

)

At 31 August 2025

68,661

NET BOOK VALUE

At 31 August 2025

121,569

At 31 August 2024

103,430

The HP agreements are secured on the assets financed

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

384,033

Reclassification/transfer

247,000

At 31 August 2025

631,033

DEPRECIATION

Charge for year

5,881

Reclassification/transfer

28,327

At 31 August 2025

34,208

NET BOOK VALUE

At 31 August 2025

596,825

One investment property is not depreciated where the directors consider that the residual value of the property is not less than its carrying value and therefore no depreciation charge is necessary. The property is held for investment purposes and is not consumed through use in the business.

The other investment property is depreciated over 50 years

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

408,726

363,680

Other debtors

8,174

24,945

416,900

388,625

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 10)

50,583

43,052

Trade creditors

398,034

391,965

Taxation and social security

88,231

59,224

VAT

58,673

36,992

Other creditors

2,244

764

Directors' current accounts

2,260

10,384

Accruals and deferred income

377,598

328,993

Accrued expenses

129,456

134,870

1,107,079

1,006,244

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts (see note 10)

73,432

84,441

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.8.25

31.8.24

£

£

Net obligations repayable:

Within one year

50,583

43,052

Between one and five years

73,432

84,441

124,015

127,493

Non-cancellable

operating leases

31.8.25

31.8.24

£

£

Within one year

14,618

-

Between one and five years

14,712

-

In more than five years

28,862

-

58,192

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

60

Ordinary B

1

60

100

2

Ordinary

1

2

2

40

Ordinary A

1

40

-

102

102

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

A Welsh

Balance outstanding at start of year

6,888

-

Amounts advanced

-

6,888

Amounts repaid

(6,888

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,888

As at 31 August 2025, there was a nil balance on Mr A Welsh's directors loan account (2024: £6,668).

No interest has been charged on this balance