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REGISTERED NUMBER: 07540473 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Tspro Ltd

Tspro Ltd (Registered number: 07540473)






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


Tspro Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A R Collier
J Booth





SECRETARY:





REGISTERED OFFICE: Unit 16B Enterprise Park
Bergen Way
Sutton Fields
Kingston upon Hull
East Yorkshire
HU7 0YQ





REGISTERED NUMBER: 07540473 (England and Wales)





ACCOUNTANTS: Andrew Cooper & Company
Chartered Accountants
650 Anlaby Road
Kingston upon Hull
East Yorkshire
HU3 6UU

Tspro Ltd (Registered number: 07540473)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,947 17,822

CURRENT ASSETS
Stocks 59,150 132,250
Debtors 5 156,276 125,238
Cash at bank and in hand 301,904 111,113
517,330 368,601
CREDITORS
Amounts falling due within one year 6 394,551 317,781
NET CURRENT ASSETS 122,779 50,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,726

68,642

CREDITORS
Amounts falling due after more than one
year

7

21,196

26,983
NET ASSETS 133,530 41,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,430 41,559
SHAREHOLDERS' FUNDS 133,530 41,659

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.

Tspro Ltd (Registered number: 07540473)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





A R Collier - Director


Tspro Ltd (Registered number: 07540473)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tspro 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost

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

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.

Tspro Ltd (Registered number: 07540473)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 36,349
Additions 18,792
At 31 December 2023 55,141
DEPRECIATION
At 1 January 2023 18,527
Charge for year 4,667
At 31 December 2023 23,194
NET BOOK VALUE
At 31 December 2023 31,947
At 31 December 2022 17,822

Tspro Ltd (Registered number: 07540473)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 10,500
Additions 16,495
At 31 December 2023 26,995
DEPRECIATION
At 1 January 2023 1,138
Charge for year 2,700
At 31 December 2023 3,838
NET BOOK VALUE
At 31 December 2023 23,157
At 31 December 2022 9,362

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 156,276 62,038
Other debtors - 63,200
156,276 125,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,189 3,072
Trade creditors 144,820 101,650
Taxation and social security 138,509 176,459
Other creditors 95,033 26,600
394,551 317,781

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 7,029 2,816
21,196 26,983

Tspro Ltd (Registered number: 07540473)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A R Collier has made a long term loan to the company, to enable the company to undertake larger contracts and facilitate business expansion.