IRIS Accounts Production v24.3.0.553 10694101 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106941012023-03-31106941012024-03-31106941012023-04-012024-03-31106941012022-03-31106941012022-04-012023-03-31106941012023-03-3110694101ns15:EnglandWales2023-04-012024-03-3110694101ns14:PoundSterling2023-04-012024-03-3110694101ns10:Director12023-04-012024-03-3110694101ns10:Director22023-04-012024-03-3110694101ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110694101ns10:SmallEntities2023-04-012024-03-3110694101ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110694101ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110694101ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110694101ns10:FullAccounts2023-04-012024-03-3110694101ns10:RegisteredOffice2023-04-012024-03-3110694101ns5:CurrentFinancialInstruments2024-03-3110694101ns5:CurrentFinancialInstruments2023-03-3110694101ns5:ShareCapital2024-03-3110694101ns5:ShareCapital2023-03-3110694101ns5:RetainedEarningsAccumulatedLosses2024-03-3110694101ns5:RetainedEarningsAccumulatedLosses2023-03-3110694101ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3110694101ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3110694101ns5:MotorVehicles2023-03-3110694101ns5:MotorVehicles2023-04-012024-03-3110694101ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3110694101ns5:MotorVehicles2024-03-3110694101ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3110694101ns5:MotorVehicles2023-03-3110694101ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110694101ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 10694101 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

TSP Wills and Estate Planning Limited

TSP Wills and Estate Planning Limited (Registered number: 10694101)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TSP Wills and Estate Planning Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Rakesh Satija
Rajeev Satija





REGISTERED OFFICE: 255 - 261 Horn Lane
London
W3 9EH





REGISTERED NUMBER: 10694101 (England and Wales)





ACCOUNTANTS: Kumar Business Consultants Ltd
Chartered Certified Accountants
255 - 261 Horn Lane
London
W3 9EH

TSP Wills and Estate Planning Limited (Registered number: 10694101)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 46,316 2,418

CURRENT ASSETS
Debtors 5 908,786 917,525
Cash at bank 1,183,065 1,060,856
2,091,851 1,978,381
CREDITORS
Amounts falling due within one year 6 42,839 57,445
NET CURRENT ASSETS 2,049,012 1,920,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,095,328

1,923,354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,095,228 1,923,254
SHAREHOLDERS' FUNDS 2,095,328 1,923,354

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

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

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 October 2024 and were signed on its behalf by:




Rakesh Satija - Director



Rajeev Satija - Director


TSP Wills and Estate Planning Limited (Registered number: 10694101)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TSP Wills and Estate Planning 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.

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 services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the life of the lease

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

TSP Wills and Estate Planning Limited (Registered number: 10694101)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Short Motor
leasehold vehicles Totals
£    £    £   
COST
At 1 April 2023 6,448 - 6,448
Additions - 52,336 52,336
At 31 March 2024 6,448 52,336 58,784
DEPRECIATION
At 1 April 2023 4,030 - 4,030
Charge for year 806 7,632 8,438
At 31 March 2024 4,836 7,632 12,468
NET BOOK VALUE
At 31 March 2024 1,612 44,704 46,316
At 31 March 2023 2,418 - 2,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 753,250 907,302
Directors' current accounts 144,573 9,573
VAT - 650
Prepayments 10,963 -
908,786 917,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 626 -
Tax 42,692 53,680
Social security and other taxes (9,380 ) (778 )
VAT 3,024 -
Other creditors 1,332 -
Directors' current accounts 2,544 2,544
Accruals and deferred income 2,000 1,999
Accrued expenses 1 -
42,839 57,445

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 626 -