Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31332023-04-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09147279 2023-04-01 2024-03-31 09147279 2022-04-01 2023-03-31 09147279 2024-03-31 09147279 2023-03-31 09147279 c:Director1 2023-04-01 2024-03-31 09147279 d:PlantMachinery 2023-04-01 2024-03-31 09147279 d:PlantMachinery 2024-03-31 09147279 d:PlantMachinery 2023-03-31 09147279 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09147279 d:MotorVehicles 2023-04-01 2024-03-31 09147279 d:MotorVehicles 2024-03-31 09147279 d:MotorVehicles 2023-03-31 09147279 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09147279 d:FurnitureFittings 2023-04-01 2024-03-31 09147279 d:FurnitureFittings 2024-03-31 09147279 d:FurnitureFittings 2023-03-31 09147279 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09147279 d:OfficeEquipment 2023-04-01 2024-03-31 09147279 d:OfficeEquipment 2024-03-31 09147279 d:OfficeEquipment 2023-03-31 09147279 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09147279 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09147279 d:CurrentFinancialInstruments 2024-03-31 09147279 d:CurrentFinancialInstruments 2023-03-31 09147279 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09147279 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09147279 d:ShareCapital 2024-03-31 09147279 d:ShareCapital 2023-03-31 09147279 d:RetainedEarningsAccumulatedLosses 2024-03-31 09147279 d:RetainedEarningsAccumulatedLosses 2023-03-31 09147279 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09147279 c:OrdinaryShareClass1 2024-03-31 09147279 c:OrdinaryShareClass1 2023-03-31 09147279 c:FRS102 2023-04-01 2024-03-31 09147279 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09147279 c:FullAccounts 2023-04-01 2024-03-31 09147279 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09147279 2 2023-04-01 2024-03-31 09147279 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 09147279 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09147279









TMP MANUFACTURING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TMP MANUFACTURING LIMITED
REGISTERED NUMBER: 09147279

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,084
15,804

  
41,084
15,804

Current assets
  

Stocks
  
506,369
280,773

Debtors: amounts falling due within one year
 5 
1,142,045
669,746

Cash at bank and in hand
  
744,168
203,464

  
2,392,582
1,153,983

Creditors: amounts falling due within one year
 6 
(1,761,548)
(883,810)

Net current assets
  
 
 
631,034
 
 
270,173

Total assets less current liabilities
  
672,118
285,977

Provisions for liabilities
  

Deferred tax
 7 
(10,451)
(3,002)

  
 
 
(10,451)
 
 
(3,002)

Net assets
  
661,667
282,975


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
661,567
282,875

  
661,667
282,975


Page 1

 
TMP MANUFACTURING LIMITED
REGISTERED NUMBER: 09147279
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 September 2024.




S D Richards
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 09147279.  The Company's registered office is Unit 2 Hawthorn Business Park, Puddlebrook, Drybrook, Gloucestershire, GL17 9HP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% straight line
Motor vehicles
-
25% straight line
Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.11

Creditors

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 
Page 6

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 7

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 8

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
22,487
-
1,203
860
24,550


Additions
2,009
31,080
516
250
33,855



At 31 March 2024

24,496
31,080
1,719
1,110
58,405



Depreciation


At 1 April 2023
7,855
-
395
496
8,746


Charge for the year on owned assets
3,468
4,533
354
220
8,575



At 31 March 2024

11,323
4,533
749
716
17,321



Net book value



At 31 March 2024
13,173
26,547
970
394
41,084



At 31 March 2023
14,631
-
809
364
15,804

Page 9

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,034,823
411,865

Other debtors
105,157
54,774

Called up share capital not paid
100
100

Prepayments and accrued income
1,965
203,007

1,142,045
669,746



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,149,823
518,182

Amounts owed to group undertakings
135,000
135,000

Corporation tax
120,463
38,370

Other creditors
-
1,560

Accruals and deferred income
356,262
190,698

1,761,548
883,810



7.


Deferred taxation




2024


£






At beginning of year
(3,003)


Charged to profit or loss
(7,448)



At end of year
(10,451)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(10,451)
(3,003)

(10,451)
(3,003)

Page 10

 
TMP MANUFACTURING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

During the year the directors received repayments from the company of previous loans of £1,560 (2023 - £76,560) and settled expenses on behalf of the company of £Nil (2023 - £1,560).  As at 31 March 2024 amounts due to directors was £Nil (2023 - £1,560).
Loans are interest free and repayable on demand.


10.


Controlling party

The ultimate parent company is TMP Group Limited a company registered in England and Wales. The registered office of the parent company is Unit 2, Hawthorn Business Park, Puddlebrook, Drybrook, Gloucestershire, GL17 9HP.

 
Page 11