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REGISTERED NUMBER: 04051923 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST OCTOBER 2023

FOR

TPG DISABLEAIDS LIMITED

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TPG DISABLEAIDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







Directors: A J Gibbs
Mrs A J Harrold





Secretary: Mrs A J Harrold





Registered office: Plough Lane
Hereford
Herefordshire
HR4 0ED





Registered number: 04051923 (England and Wales)

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

BALANCE SHEET
31ST OCTOBER 2023

31.10.23 31.10.22
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 322,173 299,970
322,173 299,970

Current assets
Stocks 6 386,964 297,496
Debtors 7 2,057,646 2,073,823
Cash at bank and in hand 389,560 145,590
2,834,170 2,516,909
Creditors
Amounts falling due within one year 8 605,108 409,168
Net current assets 2,229,062 2,107,741
Total assets less current liabilities 2,551,235 2,407,711

Provisions for liabilities 9 185,840 114,656
Net assets 2,365,395 2,293,055

Capital and reserves
Called up share capital 10 101,000 101,000
Retained earnings 2,264,395 2,192,055
Shareholders' funds 2,365,395 2,293,055

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

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

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

BALANCE SHEET - continued
31ST OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2024 and were signed on its behalf by:





A J Gibbs - Director


TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. Statutory information

TPG Disableaids 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided at the following annual rates, to write off the cost of fixed assets over their estimated useful lives:

Leasehold improvements14% SL
Plant & machinery20% SL
Fixture & fittings20% SL
Motor vehicles25% SL
Plant for hire25% SL

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

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


2. Accounting policies - continued

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.

Research & development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs & 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.

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

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


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, 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.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

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


2. Accounting policies - continued
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including officers)

The average number of employees during the year was 49 (2022 - 53 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1st November 2022
and 31st October 2023 200,000
Amortisation
At 1st November 2022
and 31st October 2023 200,000
Net book value
At 31st October 2023 -
At 31st October 2022 -

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

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


5. Tangible fixed assets
Long Plant & Fixtures &
leasehold machinery fittings
£ £ £
Cost
At 1st November 2022 44,016 27,850 81,662
Additions - - 20,725
Disposals - - (60,920 )
At 31st October 2023 44,016 27,850 41,467
Depreciation
At 1st November 2022 44,016 27,850 71,303
Charge for year - - 7,409
Eliminated on disposal - - (60,920 )
At 31st October 2023 44,016 27,850 17,792
Net book value
At 31st October 2023 - - 23,675
At 31st October 2022 - - 10,359

Motor Plant for
vehicles hire Totals
£ £ £
Cost
At 1st November 2022 544,380 145,637 843,545
Additions 151,515 30,875 203,115
Disposals (95,069 ) (29,664 ) (185,653 )
At 31st October 2023 600,826 146,848 861,007
Depreciation
At 1st November 2022 297,007 103,399 543,575
Charge for year 131,561 26,958 165,928
Eliminated on disposal (85,017 ) (24,732 ) (170,669 )
At 31st October 2023 343,551 105,625 538,834
Net book value
At 31st October 2023 257,275 41,223 322,173
At 31st October 2022 247,373 42,238 299,970

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

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


6. Stocks
31.10.23 31.10.22
£ £
Raw materials 377,565 289,230
Work-in-progress 9,399 8,266
386,964 297,496

7. Debtors: amounts falling due within one year
31.10.23 31.10.22
£ £
Trade debtors 620,709 552,228
Amounts owed by group undertakings 1,349,533 1,450,469
VAT 64,365 44,623
Prepayments 23,039 26,503
2,057,646 2,073,823

8. Creditors: amounts falling due within one year
31.10.23 31.10.22
£ £
Trade creditors 367,978 263,403
Amounts owed to group undertakings 30,000 30,000
Corporation tax 41,728 -
Social security & other tax 39,310 23,303
Other creditors 103,767 70,340
Accruals & deferred income 22,325 22,122
605,108 409,168

9. Provisions for liabilities
31.10.23 31.10.22
£ £
Deferred tax 70,200 31,300
Other provisions 115,640 83,356
185,840 114,656

Deferred tax
£
Balance at 1st November 2022 31,300
Accelerated capital allowances 6,200
Losses 32,700
Balance at 31st October 2023 70,200

TPG DISABLEAIDS LIMITED (REGISTERED NUMBER: 04051923)

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


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £ £
100,000 Ordinary 'A' shares £1 100,000 100,000
1,000 Ordinary 'B' shares £1 1,000 1,000
101,000 101,000

11. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments at 31st October 2023.

12. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. Ultimate controlling party

The company is controlled by TPG DisableAids (Holdings) Limited, which is the ultimate holding company.
Company registration number: 13672374
Company registered office address: Plough Lane
Hereford
HR4 0ED