Registered number
10153789
TPPC LTD
Filleted Accounts
31 March 2023
TPPC LTD
Registered number: 10153789
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 808,899 295,387
Current assets
Stocks 94,640 65,000
Debtors 4 - 147,126
Cash at bank and in hand 119,318 147,757
213,958 359,883
Creditors: amounts falling due within one year 5 (133,518) (86,745)
Net current assets 80,440 273,138
Total assets less current liabilities 889,339 568,525
Creditors: amounts falling due after more than one year 6 (302,194) (208,333)
Net assets 587,145 360,192
Capital and reserves
Called up share capital 2 2
Profit and loss account 587,143 360,190
Shareholder's funds 587,145 360,192
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.
R Hallan
Director
Approved by the board on 29 November 2023
TPPC LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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 over 4 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 30 30
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 291,136 35,250 8,500 334,886
Additions 348,361 150,639 72,396 571,396
At 31 March 2023 639,497 185,889 80,896 906,282
Depreciation
At 1 April 2022 - 35,249 4,250 39,499
Charge for the year - 37,660 20,224 57,884
At 31 March 2023 - 72,909 24,474 97,383
Net book value
At 31 March 2023 639,497 112,980 56,422 808,899
At 31 March 2022 291,136 1 4,250 295,387
4 Debtors 2023 2022
£ £
Other debtors - 147,126
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 31,250 27,000
Taxation and social security costs 102,268 59,745
133,518 86,745
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 158,333 208,333
Directors loan 143,861 -
302,194 208,333
7 Other information
TPPC LTD is a private company limited by shares and incorporated in England. Its registered office is:
25 Green Lane
Crawley
West Sussex
RH10 8JX
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