T & C C Limited - Period Ending 2018-09-30

Registration number: 03394512

T & C C Limited

Information for Filing with The Registrar

30 September 2018

T & C C Limited

(Registration number: 03394512)

Balance Sheet

30 September 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	20,803	24,747
Current assets
Debtors	5	6,974	2,288
Cash at bank and in hand		13,780	37,097
		20,754	39,385
Creditors: Amounts falling due within one year	6	(5,207)	(8,464)
NET CURRENT ASSETS		15,547	30,921
TOTAL ASSETS LESS CURRENT LIABILITIES		36,350	55,668
Provision for liabilities		(1,050)	(1,269)
		35,300	54,399
Capital and reserves
Called up share capital		100	100
Profit and loss account		35,200	54,299
TOTAL EQUITY		35,300	54,399

For the financial year ending 30 September 2018 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.

As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account.

Approved and authorised by the Board on 4 March 2019 and signed on its behalf by:

M.B. Watson

Director

The notes on pages 2 to 5 form an integral part of these financial statements.

Page 1

T & C C Limited

Notes to the Accounts

Year Ended 30 September 2018

1	General information

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

The address of its registered office is:
Minsthorpe Academy Trust
South Elmsall
Pontefract
Leeds
WF9 2UJ

The principal place of business is:
Minsthorpe Academy Trust
South Elmsall
Pontefract
Leeds
WF9 2UJ

These financial statements were authorised for issue by the Board on 4 March 2019.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises corporation and deferred tax.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Page 2

T & C C Limited

Notes to the Accounts

Year Ended 30 September 2018

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
Computer equipment	3 years straight line basis
Equipment	4 years straight line basis

3	Staff numbers

The average number of persons employed by the company during the year, was 8 (2017 - 8).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 October 2017	75,946	75,946
At 30 September 2018	75,946	75,946
Depreciation
At 1 October 2017	51,199	51,199
Charge for the year	3,944	3,944
At 30 September 2018	55,143	55,143
Carrying amount
At 30 September 2018	20,803	20,803
At 30 September 2017	24,747	24,747

5

Debtors

	2018 £	2017 £
Trade debtors	3,547	2,241
Other debtors	3,427	47
	6,974	2,288

Page 3

T & C C Limited

Notes to the Accounts

Year Ended 30 September 2018

6

Creditors

	2018 £	2017 £
Due within one year
Other taxes and social security	42	3,045
Other creditors	5,165	5,419
	5,207	8,464

7	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Related party transactions

Summary of transactions with parent

Minsthorpe Charitable Trust
 The company made a gross donation of £nil under the gift - aid regime to the Trust (2017 - £nil). At the balance sheet date, the amount due to Minsthorpe Charitable Trust was £nil (2017 - £nil).
 

Summary of transactions with entities with joint control or significant interest

Minsthorpe Academy Trust
 The Principal (R.P. Henshaw) and Business Director (M.B. Watson) of the Academy Trust are also directors of the company. Although there is no legal control, the company's parent charity, Minsthorpe charitable Trust is regarded as a subsidiary undertaking of Minsthorpe Academy Trust on the basis that the Academy Trust can exercise dominant influence in accordance with s405 of the Companies Act 2006.

 The company provided conference centre and sports and fitness facilities to the Academy Trust during the year worth £10,736 (2017 - £15,859).

The Academy Trust also operates as a supply agency for the company and all staff costs are recharged in full on a "cost - only" basis.

The value of services received from the Academy Trust in respect of; staff costs, cleaning and reharged utility costs etc. amounted to £145,465 (2017 - £124,257). At the balance sheet date, the amount due to the Academy Trust was £2,588 (2017 - £2,024).

Page 4

T & C C Limited

Notes to the Accounts

Year Ended 30 September 2018

9	Parent and ultimate parent undertaking

The company is the wholly - owned subsidiary of Minsthorpe Charitable Trust.
 
 The most senior parent entity producing publicly available financial statements is Minsthorpe Charitable Trust. These financial statements are available upon request from Minsthorpe Academy Trust, South Elmsall, Pontefract, West Yorkshire, WF9 2UJ.

 

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