Triple Two Engineering Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Triple Two Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14383356 . The registered office is 13 Ferrier Street, London, SW18 1SN.

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. Going Concern Disclosure

This accounts have been prepared on going concern basis, on understanding that the directors will continue to financially support the company during this uncertain period.

2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. 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:

Leasehold	10% Straight line basis
Plant & Machinery	20% Reducing balance basis

Cost of acquiring a lease are written off over the period of the lease, being 10 years.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not discounted.

Classification of 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 deducting all its liabilities.

Basic financial liabilities

...CONTINUED

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Triple Two Engineering Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2024 to 31 March 2026

2.6. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction where they are subsequently carried at amortised cost using effective interest method. Financial liabilities that constitute a financing transaction are measured at present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not discounted.

Debt instruments are subsequently carried at amortised cost, using effective interest rate method.

2.7. 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 years 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.

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 assets reflect 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 4 (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 October 2024	-	31,957	31,957
Additions	-	4,080	4,080
Other	2,056	-	2,056

As at 31 March 2026	2,056	36,037	38,093

Depreciation
As at 1 October 2024	-	8,542	8,542
Provided during the period	-	4,683	4,683
Other	206	-	206

As at 31 March 2026	206	13,225	13,431

Net Book Value
As at 31 March 2026	1,850	22,812	24,662

As at 1 October 2024	-	23,415	23,415

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Triple Two Engineering Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2024 to 31 March 2026

5. Stocks

	31 March 2026	30 September 2024
	£	£
Stock	60,462	5,174

6. Debtors

	31 March 2026	30 September 2024
	£	£
Due within one year
Trade debtors	275	11,044
Prepayments and accrued income	87,875	-
Other debtors	99,028	24,148
Rent deposit	19,875	-
Director's loan account	9,353	-

	216,406	35,192

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026	30 September 2024
	£	£
Trade creditors	82,837	105,633
Other loans	14,157	-
Corporation tax	29,742	4,609
Other taxes and social security	45,581	3,258
VAT	40,752	10,823
Net wages	13,158	5,832
Accruals	549	350
Director's loan account	-	10,800
Amounts owed to related parties	-	7,500

	226,776	148,805

8. Share Capital

	31 March 2026	30 September 2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Triple Two Engineering Limited

Notes to the Financial Statements (continued)

For the Period 1 October 2024 to 31 March 2026

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 March 2026	30 September 2024
	£	£
Not later than one year	97,500	-
Later than one year and not later than five years	410,000	-

	507,500	-

On 1 September 2025, the company entered into a 10-year lease for commercial premises. The lease commenced on that date, with a rent-free period extending to 31 December 2025. Rent payments commence on 1 January 2026.

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 October 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Mohammed Rajjak	(10,800 )	66,468	(46,315 )	-	9,352

The above loan is unsecured, interest free and repayable on demand.

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		31 March 2026		30 September 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		24,662		23,415

			24,662		23,415
CURRENT ASSETS
Stocks	5	60,462		5,174
Debtors	6	216,406		35,192
Cash at bank and in hand		47,857		114,543

		324,725		154,909
Creditors: Amounts Falling Due Within One Year	7	(226,776 )		(148,805 )

NET CURRENT ASSETS (LIABILITIES)			97,949		6,104

TOTAL ASSETS LESS CURRENT LIABILITIES			122,611		29,519

NET ASSETS			122,611		29,519

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			122,511		29,419

SHAREHOLDERS' FUNDS			122,611		29,519