IRIS Accounts Production v24.1.0.578 05095942 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050959422023-04-30050959422024-04-30050959422023-05-012024-04-30050959422022-04-30050959422022-05-012023-04-30050959422023-04-3005095942ns15:EnglandWales2023-05-012024-04-3005095942ns14:PoundSterling2023-05-012024-04-3005095942ns10:Director12023-05-012024-04-3005095942ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005095942ns10:SmallEntities2023-05-012024-04-3005095942ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005095942ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005095942ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005095942ns10:FullAccounts2023-05-012024-04-3005095942ns10:Director22023-05-012024-04-3005095942ns10:CompanySecretary12023-05-012024-04-3005095942ns10:RegisteredOffice2023-05-012024-04-3005095942ns5:CurrentFinancialInstruments2024-04-3005095942ns5:CurrentFinancialInstruments2023-04-3005095942ns5:Non-currentFinancialInstruments2024-04-3005095942ns5:Non-currentFinancialInstruments2023-04-3005095942ns5:ShareCapital2024-04-3005095942ns5:ShareCapital2023-04-3005095942ns5:RetainedEarningsAccumulatedLosses2024-04-3005095942ns5:RetainedEarningsAccumulatedLosses2023-04-3005095942ns5:FurnitureFittings2023-05-012024-04-3005095942ns5:MotorVehicles2023-05-012024-04-3005095942ns5:ComputerEquipment2023-05-012024-04-3005095942ns5:FurnitureFittings2023-04-3005095942ns5:MotorVehicles2023-04-3005095942ns5:ComputerEquipment2023-04-3005095942ns5:FurnitureFittings2024-04-3005095942ns5:MotorVehicles2024-04-3005095942ns5:ComputerEquipment2024-04-3005095942ns5:FurnitureFittings2023-04-3005095942ns5:MotorVehicles2023-04-3005095942ns5:ComputerEquipment2023-04-3005095942ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3005095942ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3005095942ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3005095942ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3005095942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3005095942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 05095942 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TPS BUILDING SERVICES LTD

TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TPS BUILDING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S G Hewitt
S A Hewitt





SECRETARY: K J Witt





REGISTERED OFFICE: Unit 7 Fairway Business Park
Castle Road
Sittingbourne
Kent
ME10 3FB





REGISTERED NUMBER: 05095942 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,372 103,681

CURRENT ASSETS
Stocks 48,302 44,916
Debtors 5 112,188 64,478
Cash at bank 8 8
160,498 109,402
CREDITORS
Amounts falling due within one year 6 161,951 145,861
NET CURRENT LIABILITIES (1,453 ) (36,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,919

67,222

CREDITORS
Amounts falling due after more than one
year

7

10,833

87,810
NET ASSETS/(LIABILITIES) 86 (20,588 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 84 (20,590 )
SHAREHOLDERS' FUNDS 86 (20,588 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)

BALANCE SHEET - continued
30 APRIL 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 11 September 2024 and were signed on its behalf by:





S G Hewitt - Director


TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)

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

1. STATUTORY INFORMATION

TPS Building Services 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

Turnover from the rendering of building 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

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.

Finance costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount. Borrowing costs are not capitalised.

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.


TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,252 264,836 3,698 269,786
Disposals - (155,000 ) - (155,000 )
At 30 April 2024 1,252 109,836 3,698 114,786
DEPRECIATION
At 1 May 2023 934 162,141 3,030 166,105
Charge for year 80 3,876 166 4,122
Eliminated on disposal - (67,813 ) - (67,813 )
At 30 April 2024 1,014 98,204 3,196 102,414
NET BOOK VALUE
At 30 April 2024 238 11,632 502 12,372
At 30 April 2023 318 102,695 668 103,681

TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 189,469
Disposals (155,000 )
Transfer to ownership (34,469 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 94,102
Charge for year 2,045
Eliminated on disposal (67,813 )
Transfer to ownership (28,334 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 95,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,180 45,545
Other debtors 73,008 18,933
112,188 64,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,505 75,567
Hire purchase contracts - 8,019
Trade creditors 73,629 51,824
Taxation and social security 15,667 6,614
Other creditors 4,150 3,837
161,951 145,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 20,833
Hire purchase contracts - 66,977
10,833 87,810

TPS BUILDING SERVICES LTD (REGISTERED NUMBER: 05095942)

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

8. SECURED DEBTS

There is a new fixed and floating charge created on 19th February 2019 from Straight Eight International Limited, covering all of the property and undertaking of the company, for the purpose of supplying working capital to the company.