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REGISTERED NUMBER: 12046704 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 November 2023

for

TPI Sound Ltd

TPI Sound Ltd (Registered number: 12046704)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TPI Sound Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G G Smith





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 12046704 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
TPI Sound Ltd


The following reproduces the text of the report prepared for the director 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 Director 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 TPI Sound Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet 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 director of TPI Sound Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TPI Sound Ltd and state those matters that we have agreed to state to the director of TPI Sound Ltd 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 TPI Sound Ltd and its director for our work or for this report.

It is your duty to ensure that TPI Sound 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 loss of TPI Sound Ltd. You consider that TPI Sound 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 TPI Sound 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


28 November 2024

TPI Sound Ltd (Registered number: 12046704)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 4 - 136,400
Cash at bank 50 571
50 136,971
CREDITORS
Amounts falling due within one year 5 37,942 29,270
NET CURRENT (LIABILITIES)/ASSETS (37,892 ) 107,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,892

)

107,701

CREDITORS
Amounts falling due after more than
one year

6

31,482

36,111
NET (LIABILITIES)/ASSETS (69,374 ) 71,590

CAPITAL AND RESERVES
Called up share capital 7 133 133
Retained earnings (69,507 ) 71,457
SHAREHOLDERS' FUNDS (69,374 ) 71,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TPI Sound Ltd (Registered number: 12046704)

Balance Sheet - continued
30 November 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 director and authorised for issue on 28 November 2024 and were signed by:





G G Smith - Director


TPI Sound Ltd (Registered number: 12046704)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

TPI Sound 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 represents the value of income receivable during the period in exchange for the use of intellectual property rights.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 136,400

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 1,278 1,950
Corporation tax 24,940 13,174
Directors' current accounts 5,118 7,672
Accruals and deferred income 1,050 918
37,942 29,270

TPI Sound Ltd (Registered number: 12046704)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 5,556 5,555
Bank loans - 2-5 years 16,667 16,667
Bank loans more than 5 years 9,259 13,889
31,482 36,111

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 9,259 13,889

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary shares £1 133 133

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
G G Smith
Balance outstanding at start of year - 21,808
Amounts repaid - (21,808 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. GOING CONCERN

The company relies on the continuing support of its director. The director has agreed to continue to support the company for the foreseeable future as necessary.