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REGISTERED NUMBER: 05295000 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TPA STUDIO LIMITED

TPA STUDIO LIMITED (REGISTERED NUMBER: 05295000)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TPA STUDIO LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: T N Platt
P S S Thomas
E J Drysdale
Miss N Gandhi





SECRETARY: T N Platt





REGISTERED OFFICE: 33a St Lukes Road
Maidenhead
Berkshire
SL6 7DN





REGISTERED NUMBER: 05295000 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

TPA STUDIO LIMITED (REGISTERED NUMBER: 05295000)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,491 17,551

CURRENT ASSETS
Stocks 21,300 39,655
Debtors 5 304,364 192,494
Cash at bank 280,693 332,436
606,357 564,585
CREDITORS
Amounts falling due within one year 6 175,835 122,122
NET CURRENT ASSETS 430,522 442,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,013

460,014

CREDITORS
Amounts falling due after more than one
year

7

(52,479

)

(21,706

)

PROVISIONS FOR LIABILITIES (10,733 ) (3,335 )
NET ASSETS 423,801 434,973

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 422,801 433,973
SHAREHOLDERS' FUNDS 423,801 434,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TPA STUDIO LIMITED (REGISTERED NUMBER: 05295000)

BALANCE SHEET - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:





T N Platt - Director


TPA STUDIO LIMITED (REGISTERED NUMBER: 05295000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

TPA Studio 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.
Plant and machinery etc - 25% on cost

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.

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 assets of the scheme are held separately from those of the company in independently administered schemes.

TPA STUDIO LIMITED (REGISTERED NUMBER: 05295000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 38,005
Additions 62,272
At 31 March 2024 100,277
DEPRECIATION
At 1 April 2023 20,454
Charge for year 23,332
At 31 March 2024 43,786
NET BOOK VALUE
At 31 March 2024 56,491
At 31 March 2023 17,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 298,850 192,297
Amounts owed by participating interests 13 13
Other debtors 5,501 184
304,364 192,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,180 11,608
Hire purchase contracts 4,118 -
Trade creditors 2,909 (373 )
Amounts owed to participating interests 6,674 6,674
Taxation and social security 148,119 99,802
Other creditors 3,835 4,411
175,835 122,122

TPA STUDIO LIMITED (REGISTERED NUMBER: 05295000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,206 21,706
Hire purchase contracts 39,273 -
52,479 21,706

8. RELATED PARTY DISCLOSURES

T N Platt (director) is also a director and shareholder of Insite Design Limited, a company registered in England & Wales. During the year TPA Studio Limited made purchases from Insite Design Limited of £nil (2023 £23,313).

At 31 March 2024 other creditors included £6,000 (2023: £6,000) owed to Thames Valley Design Consultants Limited, the parent company of TPA Studio Limited. The loans are interest free and have no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is E J Drysdale, Mrs N Drysdale, T N Platt and P S S Thomas.