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REGISTERED NUMBER: 03670348 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TECHNICAL PRESS SUPPLIES LIMITED

TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECHNICAL PRESS SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J M Swords Jnr
L Swords





REGISTERED OFFICE: Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT





BUSINESS ADDRESS: C/O Revive Health and Fitness
Darkes Lane
Potters Bar
Herts
EN6 1DE





REGISTERED NUMBER: 03670348 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 18,105 18,105
Debtors 6 79,415 87,417
Cash at bank 450 -
97,970 105,522
CREDITORS
Amounts falling due within one year 7 (93,638 ) (79,972 )
NET CURRENT ASSETS 4,332 25,550
TOTAL ASSETS LESS CURRENT LIABILITIES 4,332 25,550

CREDITORS
Amounts falling due after more than one year 8 (16,069 ) (24,079 )
NET (LIABILITIES)/ASSETS (11,737 ) 1,471

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (11,837 ) 1,371
SHAREHOLDERS' FUNDS (11,737 ) 1,471

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

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

TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




J M Swords Jnr - Director



L Swords - Director


TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Technical Press Supplies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 86,300 4,478 5,519 96,297
DEPRECIATION
At 1 January 2023
and 31 December 2023 86,300 4,478 5,519 96,297
NET BOOK VALUE
At 31 December 2023 - - - -
At 31 December 2022 - - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,284 12,012
Other debtors 67,131 75,405
79,415 87,417

TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 31,150 29,133
Trade creditors 16,968 14,566
Taxation and social security 20,051 12,833
Other creditors 25,469 23,440
93,638 79,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 16,069 24,079

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 19,880 17,341
Bank loans 27,339 35,871
47,219 53,212

J M Swords and L Swords have provided joint and several personal guarantees that are limited to £20,500 to the company's bank in support of the facilities that have been made available to the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
40 Ordinary A £1 40 40
60 Ordinary B £1 60 60
100 100

TECHNICAL PRESS SUPPLIES LIMITED (REGISTERED NUMBER: 03670348)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
L Swords
Balance outstanding at start of year 32,960 31,155
Amounts advanced - 14,767
Amounts repaid (9,173 ) (12,962 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,787 32,960

J M Swords Jnr
Balance outstanding at start of year 31,808 31,818
Amounts advanced - 8,377
Amounts repaid (6,446 ) (8,387 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,362 31,808

Interest is charged on the overdrawn director accounts at the HMRC approved rate of interest. The loans are repayable on demand.