REGISTERED NUMBER: 03444532 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

TTK UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Gautier

Ms C Gautier De Bonneval

SECRETARY:

Tayler Bradshaw Limited

REGISTERED OFFICE:

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

REGISTERED NUMBER:

03444532 (England and Wales)

AUDITORS:

Foot Davson Ltd

Chartered Accountants & Statutory Auditor

Lonsdale Gate

Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Property, plant and equipment

4

71,455

1,635

CURRENT ASSETS

Inventories

6,523

15,871

Debtors

5

3,371,992

2,269,089

Cash at bank and in hand

2,183,251

2,511,644

5,561,766

4,796,604

CREDITORS

Amounts falling due within one year

6

2,626,882

703,951

NET CURRENT ASSETS

2,934,884

4,092,653

TOTAL ASSETS LESS CURRENT LIABILITIES

3,006,339

4,094,288

PROVISIONS FOR LIABILITIES

16,586

409

NET ASSETS

2,989,753

4,093,879

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,989,751

4,093,877

2,989,753

4,093,879

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 20 August 2026 and were signed on its behalf by:

O Gautier - Director

1.	STATUTORY INFORMATION

Ttk Uk 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Going concern

The financial statements are prepared on a going concern basis. The directors have considered the

working capital requirements for a period of 12 months from the date of this report. As a consequence,

the directors believe that the company is well placed to manage its business risks successfully despite

the current uncertain economic outlook. After making enquiries, the directors have a reasonable

expectation that the company has adequate resources to continue in operational existence for the

foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the

financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue is calculated on the basis of percentage completion of the contract.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Financial instruments

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 as 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 amortised.

Basic Financial Liabilities

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 the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

Reclassification of work in progress

In the prior year, work in progress was reclassified to accrued income within other debtors. The same treatment has been adopted in the current year in order to correctly reflect the nature of the balance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

-

115,530

115,530

Additions

69,611

4,424

74,035

At 30 June 2025

69,611

119,954

189,565

DEPRECIATION

At 1 July 2024

-

113,895

113,895

Charge for year

2,088

2,127

4,215

At 30 June 2025

2,088

116,022

118,110

NET BOOK VALUE

At 30 June 2025

67,523

3,932

71,455

At 30 June 2024

-

1,635

1,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade debtors

2,513,419

1,191,410

Other debtors

858,573

1,077,679

3,371,992

2,269,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade creditors

66,154

66,588

Amounts owed to group undertakings

1,771,489

121,946

Amounts owed to associates

160,210

160,210

Taxation and social security

613,938

339,660

Other creditors

15,091

15,547

2,626,882

703,951

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/6/25

30/6/24

£

£

Within one year

69,600

69,600

Between one and five years

278,400

278,400

In more than five years

208,800

278,400

556,800

626,400

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

Because management did not provide all of the financial information and payroll/personnel records requested, we were unable to obtain sufficient appropriate audit evidence in respect of specific audit procedures after accepting the engagement. Consequently, we were unable to determine whether adjustments to income, bank transactions, purchases, wages/payroll balances or related disclosures were necessary, as per the matters set out below:

(a) Sales receipts: sampled sales transactions were traced to sales invoices; however, because complete bank statements for the year were not provided, we could not complete our testing of the related receipts into the bank. However, all other sales and trade debtors testing was successfully completed.

(b) Bank transactions: although closing bank balances were agreed to closing bank statements and bank audit letters, complete bank statements for the year were not provided and we could not complete in-year bank receipts and payments testing.

(c) Purchases system transaction testing: we were able to verify the purchase transactions for which supporting purchase invoices were provided, with no issues noted; however, supporting documents were not provided for the balance of the selected sample and we could not complete the related transaction testing. However, all other purchases and trade creditors testing was successfully completed, including a purchases walk-through test.

(d) Payroll/personnel records: payroll balances, average headcount and payroll deductions were tested and agreed; however, personnel file evidence was not provided, so we could not complete testing over employee existence and employment documentation, including starters and leavers.

We believe that the above matters constitute an inability to obtain sufficient appropriate audit evidence, due to a management-imposed limitation of scope, after we had accepted the engagement. We have concluded that the effects on the financial statements of the above matters could be material, but not pervasive, and have thereby qualified our opinion, in accordance with paragraph 13(a) of ISA (UK) 705 (Revised June 2016) (Updated September 2025).

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

J P van der Merwe ACA (Senior Statutory Auditor)

for and on behalf of Foot Davson Ltd

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Within other debtors is a director loan account balance totalling £4,341 (2024 - £2,929)

10.	RELATED PARTY DISCLOSURES

During the year the company was charged rent totalling £58,800 (2024 - £56,560) from a company (TTK Properties Ltd) with common directors. At the year end the company owed £160,210 (2024 - £160,210) to a company with common directors

11.	ULTIMATE CONTROLLING PARTY

The parent company is TTK SAS, a company incorporated in France. With its registered office at 19 rue du General Foy, 75008 PARIS, France. The consolidated financial statements are filed with the Registre du Commerce et des Sociétés de Paris (RCS Paris - Paris Trade and Companies Register).