Registration number: 03759465

TTS Networks Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

TTS Networks Limited

Company Information

Directors

Mrs S E Thornley Mr A J Thornley

Registered office

52 Victoria Road Earby Barnoldswick Lancashire BB18 6UR

Accountants

Hargreaves Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
TTS Networks Limited
for the Year Ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TTS Networks Limited for the year ended 31 July 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of TTS Networks Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of TTS Networks Limited and state those matters that we have agreed to state to the Board of Directors of TTS Networks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TTS Networks Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that TTS Networks Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TTS Networks Limited. You consider that TTS Networks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of TTS Networks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

15 July 2026

TTS Networks Limited

(Registration number: 03759465)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	35,071	45,493
Current assets
Stocks	5	16,400	28,500
Debtors	6	611,125	474,269
Cash at bank and in hand		5,718	5,121
		633,243	507,890
Creditors: Amounts falling due within one year	7	(474,790)	(358,522)
Net current assets		158,453	149,368
Total assets less current liabilities		193,524	194,861
Creditors: Amounts falling due after more than one year	7	(88,133)	(106,698)
Provisions for liabilities		(1,212)	(3,335)
Net assets		104,179	84,828
Capital and reserves
Called up share capital		75,002	75,002
Retained earnings		29,177	9,826
Shareholders' funds		104,179	84,828

TTS Networks Limited

(Registration number: 03759465)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2026 and signed on its behalf by:
 

......................................... Mrs S E Thornley Director

......................................... Mr A J Thornley Director

TTS Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
52 Victoria Road
Earby
Barnoldswick
Lancashire
BB18 6UR

These financial statements were authorised for issue by the Board on 15 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment and fittings	15% reducing balance
Motor vehicles	25% reducing balance

TTS Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

TTS Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2024 - 4).

TTS Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	66,700	76,424	143,124
At 31 July 2025	66,700	76,424	143,124
Depreciation
At 1 August 2024	57,181	40,450	97,631
Charge for the year	1,428	8,994	10,422
At 31 July 2025	58,609	49,444	108,053
Carrying amount
At 31 July 2025	8,091	26,980	35,071
At 31 July 2024	9,519	35,974	45,493

 

5

Stocks

	2025 £	2024 £
Other inventories	16,400	28,500

6

Debtors

	2025 £	2024 £
Trade debtors	76,134	85,729
Prepayments	11,472	9,939
Other debtors	523,519	378,601
	611,125	474,269

TTS Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	53,204	83,295
Trade creditors		64,553	72,919
Taxation and social security		317,848	180,782
Accruals and deferred income		27,803	13,931
Other creditors		11,382	7,595
		474,790	358,522

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	88,133	106,698

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	75,991	89,304
Hire purchase contracts	12,142	17,394
	88,133	106,698

TTS Networks Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,964	53,097
Bank overdrafts	24,995	24,953
Hire purchase contracts	5,245	5,245
	53,204	83,295

The bank borrowings are secured by a charge over the company’s assets.

The hire purchase contracts are secured on the assets concerned.
 

9	Related party transactions

Transactions with directors

These loans are unsecured, repayable on demand and interest is charged at the official rate.

2025	At 1 August 2024 £	Advances to director £	Repayments by director £	At 31 July 2025 £
	293,543	331,107	(232,715)	391,935

2024	At 1 August 2023 £	Advances to director £	Repayments by director £	At 31 July 2024 £
	234,819	279,166	(220,442)	293,543