Company Registration No. 12045514 (England and Wales)
TPS GROUNDWORK & CONSTRUCTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
TPS GROUNDWORK & CONSTRUCTION LIMITED
COMPANY INFORMATION
Director
T Suppa
Company number
12045514
Registered office
Unit 9a Shangri-La Farm
Todds Green
Stevenage
Herts
SG1 2JE
TPS GROUNDWORK & CONSTRUCTION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TPS GROUNDWORK & CONSTRUCTION LIMITED
BALANCE SHEET
- 1 -
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,502
6,003
Current assets
Stocks
1,910
1,929
Debtors
3
99,811
34,860
Cash at bank and in hand
21,463
37,022
123,184
73,811
Creditors: amounts falling due within one year
4
(66,275)
(28,729)
Net current assets
56,909
45,082
Total assets less current liabilities
61,411
51,085
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
61,410
51,084
Total equity
61,411
51,085
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 7 March 2024
T Suppa
Director
Company Registration No. 12045514
TPS GROUNDWORK & CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
Company information
TPS Groundwork & Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9a Shangri-La Farm, Todds Green, Stevenage, Herts, SG1 2JE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
TPS GROUNDWORK & CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
10,672
Depreciation and impairment
At 1 July 2022
4,669
Depreciation charged in the year
1,501
At 30 June 2023
6,170
Carrying amount
At 30 June 2023
4,502
At 30 June 2022
6,003
3
Debtors
Amounts falling due within one year:
£
£
Trade debtors
99,811
34,860
4
Creditors: amounts falling due within one year
£
£
Corporation tax
29,691
18,407
Other taxation and social security
35,874
9,612
Other creditors
710
710
66,275
28,729
5
Called up share capital
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
1 Ordinary of £1 each
1
1