2023-01-012023-12-312023-12-31false13058501TSBF PUTNEY LIMITED2024-08-0947290iso4217:GBPxbrli:pure130585012023-01-01130585012023-12-31130585012023-01-012023-12-31130585012022-01-01130585012022-12-31130585012022-01-012022-12-3113058501bus:SmallEntities2023-01-012023-12-3113058501bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113058501bus:FullAccounts2023-01-012023-12-3113058501bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113058501core:WithinOneYear2023-12-3113058501core:AfterOneYear2023-12-3113058501core:WithinOneYear2022-12-3113058501core:AfterOneYear2022-12-3113058501core:ShareCapital2023-12-3113058501core:SharePremium2023-12-3113058501core:RevaluationReserve2023-12-3113058501core:OtherReservesSubtotal2023-12-3113058501core:RetainedEarningsAccumulatedLosses2023-12-3113058501core:ShareCapital2022-12-3113058501core:SharePremium2022-12-3113058501core:RevaluationReserve2022-12-3113058501core:OtherReservesSubtotal2022-12-3113058501core:RetainedEarningsAccumulatedLosses2022-12-3113058501core:LandBuildings2023-12-3113058501core:PlantMachinery2023-12-3113058501core:Vehicles2023-12-3113058501core:FurnitureFittings2023-12-3113058501core:OfficeEquipment2023-12-3113058501core:NetGoodwill2023-12-3113058501core:IntangibleAssetsOtherThanGoodwill2023-12-3113058501core:ListedExchangeTraded2023-12-3113058501core:UnlistedNon-exchangeTraded2023-12-3113058501core:LandBuildings2022-12-3113058501core:PlantMachinery2022-12-3113058501core:Vehicles2022-12-3113058501core:FurnitureFittings2022-12-3113058501core:OfficeEquipment2022-12-3113058501core:NetGoodwill2022-12-3113058501core:IntangibleAssetsOtherThanGoodwill2022-12-3113058501core:ListedExchangeTraded2022-12-3113058501core:UnlistedNon-exchangeTraded2022-12-3113058501core:LandBuildings2023-01-012023-12-3113058501core:PlantMachinery2023-01-012023-12-3113058501core:Vehicles2023-01-012023-12-3113058501core:FurnitureFittings2023-01-012023-12-3113058501core:OfficeEquipment2023-01-012023-12-3113058501core:NetGoodwill2023-01-012023-12-3113058501core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113058501core:ListedExchangeTraded2023-01-012023-12-3113058501core:UnlistedNon-exchangeTraded2023-01-012023-12-3113058501core:MoreThanFiveYears2023-01-012023-12-3113058501core:Non-currentFinancialInstruments2023-12-3113058501core:Non-currentFinancialInstruments2022-12-3113058501dpl:CostSales2023-01-012023-12-3113058501dpl:DistributionCosts2023-01-012023-12-3113058501core:LandBuildings2023-01-012023-12-3113058501core:PlantMachinery2023-01-012023-12-3113058501core:Vehicles2023-01-012023-12-3113058501core:FurnitureFittings2023-01-012023-12-3113058501core:OfficeEquipment2023-01-012023-12-3113058501dpl:AdministrativeExpenses2023-01-012023-12-3113058501core:NetGoodwill2023-01-012023-12-3113058501core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113058501dpl:GroupUndertakings2023-01-012023-12-3113058501dpl:ParticipatingInterests2023-01-012023-12-3113058501dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113058501core:ListedExchangeTraded2023-01-012023-12-3113058501dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113058501core:UnlistedNon-exchangeTraded2023-01-012023-12-3113058501dpl:CostSales2022-01-012022-12-3113058501dpl:DistributionCosts2022-01-012022-12-3113058501core:LandBuildings2022-01-012022-12-3113058501core:PlantMachinery2022-01-012022-12-3113058501core:Vehicles2022-01-012022-12-3113058501core:FurnitureFittings2022-01-012022-12-3113058501core:OfficeEquipment2022-01-012022-12-3113058501dpl:AdministrativeExpenses2022-01-012022-12-3113058501core:NetGoodwill2022-01-012022-12-3113058501core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113058501dpl:GroupUndertakings2022-01-012022-12-3113058501dpl:ParticipatingInterests2022-01-012022-12-3113058501dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113058501core:ListedExchangeTraded2022-01-012022-12-3113058501dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113058501core:UnlistedNon-exchangeTraded2022-01-012022-12-3113058501core:NetGoodwill2023-12-3113058501core:IntangibleAssetsOtherThanGoodwill2023-12-3113058501core:LandBuildings2023-12-3113058501core:PlantMachinery2023-12-3113058501core:Vehicles2023-12-3113058501core:FurnitureFittings2023-12-3113058501core:OfficeEquipment2023-12-3113058501core:AfterOneYear2023-12-3113058501core:WithinOneYear2023-12-3113058501core:ListedExchangeTraded2023-12-3113058501core:UnlistedNon-exchangeTraded2023-12-3113058501core:ShareCapital2023-12-3113058501core:SharePremium2023-12-3113058501core:RevaluationReserve2023-12-3113058501core:OtherReservesSubtotal2023-12-3113058501core:RetainedEarningsAccumulatedLosses2023-12-3113058501core:NetGoodwill2022-12-3113058501core:IntangibleAssetsOtherThanGoodwill2022-12-3113058501core:LandBuildings2022-12-3113058501core:PlantMachinery2022-12-3113058501core:Vehicles2022-12-3113058501core:FurnitureFittings2022-12-3113058501core:OfficeEquipment2022-12-3113058501core:AfterOneYear2022-12-3113058501core:WithinOneYear2022-12-3113058501core:Liste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TSBF PUTNEY LIMITED

Registered Number
13058501
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TSBF PUTNEY LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Thibaud Garrigou-Grandchamp

Registered Address

179 Park Lane
Poynton
Stockport
SK12 1RH

Registered Number

13058501 (England and Wales)
TSBF PUTNEY LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets317,50020,000
Tangible assets433,34045,583
50,84065,583
Current assets
Stocks532,88531,278
Debtors641,71936,659
Cash at bank and on hand2545,405
74,85873,342
Creditors amounts falling due within one year7(200,412)(172,363)
Net current assets (liabilities)(125,554)(99,021)
Total assets less current liabilities(74,714)(33,438)
Creditors amounts falling due after one year8-(21,282)
Net assets(74,714)(54,720)
Capital and reserves
Called up share capital100100
Profit and loss account(74,814)(54,820)
Shareholders' funds(74,714)(54,720)
The financial statements were approved and authorised for issue by the Director on 9 August 2024, and are signed on its behalf by:
Thibaud Garrigou-Grandchamp
Director
Registered Company No. 13058501
TSBF PUTNEY LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from sale of goods
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.
Employee benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery-3
Fixtures and fittings4-
Office Equipment-3
Stocks and work in progress
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. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year78
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2325,00025,000
At 31 December 2325,00025,000
Amortisation and impairment
At 01 January 235,0005,000
Charge for year2,5002,500
At 31 December 237,5007,500
Net book value
At 31 December 2317,50017,500
At 31 December 2220,00020,000
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 232,51795765,9644,20673,644
At 31 December 232,51795765,9644,20673,644
Depreciation and impairment
At 01 January 2325253924,7602,51028,061
Charge for year25131910,3011,37212,243
At 31 December 2350385835,0613,88240,304
Net book value
At 31 December 232,0149930,90332433,340
At 31 December 222,26541841,2041,69645,583
5.Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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.

2023

2022

££
Raw materials and consumables32,88531,278
Total32,88531,278
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables4,6391,317
Other debtors14,85915,213
Prepayments and accrued income22,22120,129
Total41,71936,659
Short term trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables61,30742,205
Bank borrowings and overdrafts3,251-
Taxation and social security1,135720
Other creditors130,280126,332
Accrued liabilities and deferred income4,4393,106
Total200,412172,363
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts-21,282
Total-21,282
Long term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.