T.T.S.R. Limited - Filleted accounts

Registered number

04937897

T.T.S.R. Limited

Filleted Accounts

28 February 2025

T.T.S.R. Limited
Registered number:		04937897
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1,800			2,100
Tangible assets	4		345,286			293,680
			347,086			295,780

Current assets
Stocks		19,981			6,384
Debtors	5	29,509			34,463
Cash at bank and in hand		138,358			205,060
		187,848			245,907

Creditors: amounts falling due within one year	6	(101,560)			(121,798)

Net current assets			86,288			124,109

Total assets less current liabilities			433,374			419,889


Provisions for liabilities			(86,322)			(73,420)


Net assets			347,052			346,469

Capital and reserves
Called up share capital			1			1
Profit and loss account			347,051			346,468

Shareholder's funds			347,052			346,469

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M W Smith
Director
Approved by the board on 27 November 2025

T.T.S.R. Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	- 15% reducing balance
	Fittings, fixtures and equipment	- 15% reducing balance
	Motor vehicles	- 25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			11		15


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 March 2024					3,000
	At 28 February 2025					3,000

	Amortisation
	At 1 March 2024					900
	Provided during the year					300
	At 28 February 2025					1,200

	Net book value
	At 28 February 2025					1,800
	At 29 February 2024					2,100

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	593,920		201,270		795,190
	Additions	72,110		44,585		116,695
	Disposals	(4,500)		(20,833)		(25,333)
	At 28 February 2025	661,530		225,022		886,552

	Depreciation
	At 1 March 2024	354,767		146,743		501,510
	Charge for the year	38,753		16,893		55,646
	On disposals	-		(15,890)		(15,890)
	At 28 February 2025	393,520		147,746		541,266

	Net book value
	At 28 February 2025	268,010		77,276		345,286
	At 29 February 2024	239,153		54,527		293,680


5	Debtors			2025		2024
£					£

	Trade debtors			9,198		16,107
	Other debtors			20,311		18,356
				29,509		34,463


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			15,529		76,726
	Taxation and social security costs			64,662		25,916
	Other creditors			21,369		19,156
				101,560		121,798


7	Related party transactions

	The shares in T.T.S.R Limited are wholly owned by Wil Smith Limited. Mr Matthew W Smith is director of T.T.S.R Limited and director and shareholder of Wil Smith Limited. During the year the following transactions occurred. Rent amounting to £24,000 was invoiced to T.T.S.R Limited for the property owned by Wil Smith Limited. During the year dividends amounting to £160,540 were issued to Wil Smith Limited.


8	Other information

	T.T.S.R. Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Park View Houghton Lane
	North Pickenham
	Swaffham
	Norfolk
	PE37 8LF