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REGISTERED NUMBER: OC357129 (England and Wales)















TCA (SHREWSBURY) LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






TCA (SHREWSBURY) LLP (REGISTERED NUMBER: OC357129)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TCA (SHREWSBURY) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: A H Tudor Limited
Martin Reader Ltd





REGISTERED OFFICE: Third floor
21 St Mary's Street
Shrewsbury
Shropshire
SY1 1ED





REGISTERED NUMBER: OC357129 (England and Wales)





ACCOUNTANTS: TCA (Shrewsbury) LLP
Third Floor
21 St Mary's Street
Shrewsbury
Shropshire
SY1 1ED

TCA (SHREWSBURY) LLP (REGISTERED NUMBER: OC357129)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,018 28,232

CURRENT ASSETS
Stocks 5 115,000 123,910
Debtors 6 579,337 690,993
Cash at bank 94,364 -
788,701 814,903
CREDITORS
Amounts falling due within one year 7 188,507 241,726
NET CURRENT ASSETS 600,194 573,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,212

601,409

CREDITORS
Amounts falling due after more than one
year

8

30,000

40,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

599,212

561,409

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

599,212

561,409

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 599,212 561,409

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

TCA (SHREWSBURY) LLP (REGISTERED NUMBER: OC357129)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 November 2023 and were signed by:





A H Tudor Limited - Designated member

TCA (SHREWSBURY) LLP (REGISTERED NUMBER: OC357129)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

TCA (Shrewsbury) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 annual useful life:

Computer equipment - 3 year straight line
Furniture & fittings - 5 year straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set of the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2022 - 10 ) .

TCA (SHREWSBURY) LLP (REGISTERED NUMBER: OC357129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,512 21,974 70,113 93,599
Additions 4,915 3,899 3,359 12,173
At 31 March 2023 6,427 25,873 73,472 105,772
DEPRECIATION
At 1 April 2022 1,512 2,197 61,658 65,367
Charge for year 984 5,174 5,229 11,387
At 31 March 2023 2,496 7,371 66,887 76,754
NET BOOK VALUE
At 31 March 2023 3,931 18,502 6,585 29,018
At 31 March 2022 - 19,777 8,455 28,232

5. STOCKS
2023 2022
£    £   
Stocks - 910
Work-in-progress 115,000 123,000
115,000 123,910

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 539,163 645,683
Other debtors 40,174 45,310
579,337 690,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 70,012
Taxation and social security 151,887 146,650
Other creditors 26,620 25,064
188,507 241,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,000 40,000

TCA (SHREWSBURY) LLP (REGISTERED NUMBER: OC357129)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans from members total £599,212 (2022: £561,409). These loans are repayable after all other liabilities of the LLP have been settled.