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REGISTERED NUMBER: 04814084 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

TPM (UK) Limited

TPM (UK) Limited (Registered number: 04814084)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


TPM (UK) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M A Broadway
Mrs R E Broadway
R J Evans
T E Greene





SECRETARY: M A Broadway





REGISTERED OFFICE: Farrington Fields
Farrington Gurney
Bristol
Somerset
BS39 6UU





REGISTERED NUMBER: 04814084 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ

TPM (UK) Limited (Registered number: 04814084)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 960,414 950,951

CURRENT ASSETS
Stocks 118,439 87,174
Debtors 488,057 459,875
Cash at bank and in hand 1,104,016 854,991
1,710,512 1,402,040
CREDITORS
Amounts falling due within one year 471,705 442,728
NET CURRENT ASSETS 1,238,807 959,312
TOTAL ASSETS LESS CURRENT LIABILITIES 2,199,221 1,910,263

CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Retained earnings 2,198,181 1,909,223
SHAREHOLDERS' FUNDS 2,199,221 1,910,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 July 2023 and were signed on its behalf by:





M A Broadway - Director


TPM (UK) Limited (Registered number: 04814084)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

TPM (UK) 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.
Freehold property - 10 years straight line
Plant and machinery - 20% on cost and 10% - 20% on cost
Fixtures and fittings - 10% - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 10% - 20% on 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 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.

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.

There are four directors accruing benefits through the pension scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

TPM (UK) Limited (Registered number: 04814084)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,602,414
Additions 9,463
At 31 March 2023 1,611,877
DEPRECIATION
At 1 April 2022
and 31 March 2023 651,463
NET BOOK VALUE
At 31 March 2023 960,414
At 31 March 2022 950,951

5. LEASING AGREEMENTS
As at 31 March 2023 the company had total future commitments under operating leases expiring in 2029 of £67,950 per annum.

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   

The bank loans and overdraft facility are secured by a fixed and floating charge over the assets of the company.

7. RELATED PARTY DISCLOSURES

The company leases a factory from Old Rock Estates. Old Rock Estates is owned by M A Broadway and R E Broadway. Total rents and services charged during the period were £67,950 (net of VAT).

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M A Broadway and Mrs R E Broadway who have a controlling interest in the company.