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REGISTERED NUMBER: 04719376 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

T P B FOODS LIMITED

T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)






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


T P B FOODS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T Pollitt
Miss K L Pollitt
Mrs S Allsopp





REGISTERED OFFICE: Unit 12
Tonge Bridge Ind Estate
Tonge Bridge Way
Bolton
Lancashire
BL2 6BD





REGISTERED NUMBER: 04719376 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 283,242 213,357
283,242 213,357

CURRENT ASSETS
Stocks 369,268 457,644
Debtors 6 504,364 543,294
Cash at bank and in hand 681,057 607,451
1,554,689 1,608,389
CREDITORS
Amounts falling due within one year 7 657,030 687,713
NET CURRENT ASSETS 897,659 920,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,901

1,134,033

CREDITORS
Amounts falling due after more than one
year

8

(13,080

)

-

PROVISIONS FOR LIABILITIES (21,402 ) (17,140 )
NET ASSETS 1,146,419 1,116,893

CAPITAL AND RESERVES
Called up share capital 75 75
Retained earnings 1,146,344 1,116,818
SHAREHOLDERS' FUNDS 1,146,419 1,116,893

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.

T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)

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 11 October 2024 and were signed on its behalf by:





T Pollitt - Director


T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)

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

1. STATUTORY INFORMATION

T P B Foods 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. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Building alterations - 5% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.


T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)

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

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 30 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023
and 31 May 2024 30,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Building Plant and and Motor
alterations machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 131,454 287,714 130,713 69,510 619,391
Additions - 25,634 - 105,000 130,634
At 31 May 2024 131,454 313,348 130,713 174,510 750,025
DEPRECIATION
At 1 June 2023 48,652 220,372 81,256 55,754 406,034
Charge for year 6,573 18,595 9,892 25,689 60,749
At 31 May 2024 55,225 238,967 91,148 81,443 466,783
NET BOOK VALUE
At 31 May 2024 76,229 74,381 39,565 93,067 283,242
At 31 May 2023 82,802 67,342 49,457 13,756 213,357

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 21,800
At 31 May 2024 21,800
DEPRECIATION
Charge for year 4,360
At 31 May 2024 4,360
NET BOOK VALUE
At 31 May 2024 17,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 466,266 504,644
VAT 22,664 14,415
Prepayments and accrued income 15,434 24,235
504,364 543,294

T P B FOODS LIMITED (REGISTERED NUMBER: 04719376)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,422 2,726
Hire purchase contracts 3,924 -
Trade creditors 445,869 557,474
Tax 111,851 70,111
Social security and other taxes 12,850 8,942
Directors current account 372 421
Accruals and deferred income 72,742 48,039
657,030 687,713

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 13,080 -