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REGISTERED NUMBER: 06907464 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TECHNICAL POWER AND MAINTENANCE LTD

TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

TECHNICAL POWER AND MAINTENANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T B Inglis
M E Smith





REGISTERED OFFICE: 17 Wren Way
Mickleover
Derby
Derbyshire
DE3 0UF





REGISTERED NUMBER: 06907464 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 183,861 166,999

CURRENT ASSETS
Debtors 6 440,154 541,549
Investments 7 27,202 27,202
Cash at bank 496,031 417,013
963,387 985,764
CREDITORS
Amounts falling due within one year 8 186,893 472,388
NET CURRENT ASSETS 776,494 513,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,355

680,375

PROVISIONS FOR LIABILITIES 26,983 16,246
NET ASSETS 933,372 664,129

CAPITAL AND RESERVES
Called up share capital 68 68
Retained earnings 933,304 664,061
SHAREHOLDERS' FUNDS 933,372 664,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)

BALANCE SHEET - continued
31 MAY 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 12 September 2024 and were signed on its behalf by:




T B Inglis - Director



M E Smith - Director


TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Technical Power and Maintenance 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. 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. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.


TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. 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.

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.

Investments
Fixed Asset Investments are held on a historical cost basis.

Current asset investments include items acquired by the company with an expectation to realise gains in the future and are held on a historical cost basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 24,878 9,786 9,144
Additions - 1,024 839
Disposals - (2,942 ) -
At 31 May 2024 24,878 7,868 9,983
DEPRECIATION
At 1 June 2023 8,050 6,214 6,347
Charge for year 1,683 977 728
Eliminated on disposal - (2,253 ) -
At 31 May 2024 9,733 4,938 7,075
NET BOOK VALUE
At 31 May 2024 15,145 2,930 2,908
At 31 May 2023 16,828 3,572 2,797

TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 276,862 31,724 352,394
Additions 74,822 7,295 83,980
Disposals (29,192 ) - (32,134 )
At 31 May 2024 322,492 39,019 404,240
DEPRECIATION
At 1 June 2023 143,591 21,193 185,395
Charge for year 50,310 5,882 59,580
Eliminated on disposal (22,343 ) - (24,596 )
At 31 May 2024 171,558 27,075 220,379
NET BOOK VALUE
At 31 May 2024 150,934 11,944 183,861
At 31 May 2023 133,271 10,531 166,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 4,215 67,397
Amounts recoverable on contract - 63,869
Other debtors - 23,190
Directors' current accounts 330 -
VAT 115,116 6,053
Prepayments 320,493 381,040
440,154 541,549

7. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Other 27,202 27,202

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 10,221 72,422
Tax 137,747 14,958
Social security and other taxes 2,924 1,716
Pension 804 824
Accruals and deferred income 35,197 382,468
186,893 472,388

TECHNICAL POWER AND MAINTENANCE LTD (REGISTERED NUMBER: 06907464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 16,744 7,540
Between one and five years 15,154 15,080
31,898 22,620

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
M E Smith
Balance outstanding at start of year - -
Amounts advanced 330 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 330 -

The overdrawn directors loan account was repaid within 9 months of the accounting period end date.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TECHNICAL POWER AND MAINTENANCE LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Technical Power and Maintenance Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Technical Power and Maintenance Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Technical Power and Maintenance Ltd and state those matters that we have agreed to state to the Board of Directors of Technical Power and Maintenance Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Technical Power and Maintenance Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Technical Power and Maintenance Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Technical Power and Maintenance Ltd. You consider that Technical Power and Maintenance Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Technical Power and Maintenance Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL


13 September 2024