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REGISTERED NUMBER: 12645435 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TLP COMMERCIALS LTD

TLP COMMERCIALS LTD (REGISTERED NUMBER: 12645435)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TLP COMMERCIALS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mrs L Humphreys





REGISTERED OFFICE: 27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG





REGISTERED NUMBER: 12645435 (England and Wales)





ACCOUNTANTS: Digital Tax Matters Limited
27 St Cuthberts Street
Bedford
MK40 3JG

TLP COMMERCIALS LTD (REGISTERED NUMBER: 12645435)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,257 202,264

CURRENT ASSETS
Stocks 64,887 55,268
Debtors 5 474,709 301,147
Prepayments and accrued income 21,555 10,532
Cash at bank and in hand 6,736 5,098
567,887 372,045
CREDITORS
Amounts falling due within one year 6 493,688 339,609
NET CURRENT ASSETS 74,199 32,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,456

234,700

CREDITORS
Amounts falling due after more than one
year

7

47,122

83,561
NET ASSETS 319,334 151,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 319,234 151,039
319,334 151,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TLP COMMERCIALS LTD (REGISTERED NUMBER: 12645435)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 13 August 2024 and were signed by:





Mrs L Humphreys - Director


TLP COMMERCIALS LTD (REGISTERED NUMBER: 12645435)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

TLP Commercials Ltd 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 10% on reducing balance

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

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 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.

TLP COMMERCIALS LTD (REGISTERED NUMBER: 12645435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 134,205 6,083 94,750 235,038
Additions 70,218 27,447 145,113 242,778
Disposals (35,500 ) - (83,000 ) (118,500 )
At 30 June 2024 168,923 33,530 156,863 359,316
DEPRECIATION
At 1 July 2023 21,912 912 9,950 32,774
Charge for year 14,701 4,893 14,691 34,285
At 30 June 2024 36,613 5,805 24,641 67,059
NET BOOK VALUE
At 30 June 2024 132,310 27,725 132,222 292,257
At 30 June 2023 112,293 5,171 84,800 202,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 474,709 297,005
Other debtors - 4,142
474,709 301,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,881 17,881
Trade creditors (4,165 ) 20,652
Taxation and social security 284,812 73,500
Other creditors 195,160 227,576
493,688 339,609

TLP COMMERCIALS LTD (REGISTERED NUMBER: 12645435)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 33,072 54,561
Other creditors 14,050 29,000
47,122 83,561