REGISTERED NUMBER: 06215457 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

TT SPORTS AND PRESTIGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

R Szabo

L Read

Secretary:

Ms V A Szabo

Registered office:

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Registered number:

06215457 (England and Wales)

Accountants:

TC Group

10 Stadium Business Court

Millennium Way

Pride Park

Derby

DE24 8HP

Fixed assets

Tangible assets

4

47,105

66,480

Current assets

Stocks

896,627

829,580

Debtors

5

833,003

489,027

Cash at bank

278,259

610,062

2,007,889

1,928,669

Creditors

Amounts falling due within one year

6

(590,078

)

(572,497

)

Net current assets

1,417,811

1,356,172

Total assets less current liabilities

1,464,916

1,422,652

Provisions for liabilities

(2,734

)

(2,642

)

Net assets

1,462,182

1,420,010

Capital and reserves

Called up share capital

100

100

Retained earnings

1,462,082

1,419,910

Shareholders' funds

1,462,182

1,420,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

R Szabo - Director

1.	STATUTORY INFORMATION

Tt Sports And Prestige 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.

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.

Tangible fixed assets

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

Leasehold improvements

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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.

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.

Government grants

Income is recognised so as to match with the related expenses. Where grants are received in advance of the related expenses, they are recognised in accruals and deferred income on the balance sheet. Grants are recognised in the profit and loss account on recognition of certain milestones being achieved.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

Equipment

Totals

£

£

£

£

£

Cost

At 1 March 2024

197,447

3,808

67,581

18,911

287,747

Additions

-

233

-

3,784

4,017

At 28 February 2025

197,447

4,041

67,581

22,695

291,764

Depreciation

At 1 March 2024

141,535

2,010

63,505

14,217

221,267

Charge for year

19,745

508

1,019

2,120

23,392

At 28 February 2025

161,280

2,518

64,524

16,337

244,659

Net book value

At 28 February 2025

36,167

1,523

3,057

6,358

47,105

At 29 February 2024

55,912

1,798

4,076

4,694

66,480

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

62,602

25,498

Other debtors

344,466

82,285

Directors' loan account

419,314

373,925

Prepayments and accrued income

6,621

7,319

833,003

489,027

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

19,918

27,890

Tax

66,851

37,664

Social security and other taxes

-

5,483

VAT

17,741

15,873

Other creditors

483,118

483,137

Accruals and deferred income

2,450

2,450

590,078

572,497

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

as restated

£

£

R Szabo

Balance outstanding at start of year

112,016

89,378

Amounts advanced

138,530

121,734

Amounts repaid

(99,096

)

(99,096

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

151,450

112,016

L Read

Balance outstanding at start of year

261,909

239,361

Amounts advanced

5,955

22,548

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

267,864

261,909

8.	RELATED PARTY DISCLOSURES

A company under the control of one of the directors has provided a loan for working capital. The total amount outstanding at the year end was £482,098 (2024 £482,194).