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REGISTERED NUMBER: 06495531 (England and Wales)
























Unaudited Financial Statements for the Year Ended 31 January 2024

for

T P Construction and Driveways Limited

T P Construction and Driveways Limited (Registered number: 06495531)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T P Construction and Driveways Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D Fowles
T J Ball



SECRETARY: D Fowles



REGISTERED OFFICE: 5 Bates Mill Lane
Beeston
Tarporley
Cheshire
CW6 9UD



REGISTERED NUMBER: 06495531 (England and Wales)



ACCOUNTANTS: Craven Dalton
PO Box 284
Wirral
CH29 9GW



BANKERS: HSBC Bank Plc
47 Eastgate Street
Chester
Cheshire
CH1 1XW

T P Construction and Driveways Limited (Registered number: 06495531)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,750
Tangible assets 5 1,330,043 862,275
1,337,043 871,025

CURRENT ASSETS
Stocks 6 194,726 120,547
Debtors 7 310,289 72,853
Cash at bank and in hand 27,427 7,045
532,442 200,445
CREDITORS
Amounts falling due within one year 8 585,488 414,454
NET CURRENT LIABILITIES (53,046 ) (214,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,283,997

657,016

CREDITORS
Amounts falling due after more than one
year

9

(568,826

)

(371,121

)

PROVISIONS FOR LIABILITIES (331,240 ) (215,748 )
NET ASSETS 383,931 70,147

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 383,921 70,137
SHAREHOLDERS' FUNDS 383,931 70,147

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Construction and Driveways Limited (Registered number: 06495531)

Balance Sheet - continued
31 January 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 January 2025 and were signed on its behalf by:




D Fowles - Director



T J Ball - Director


T P Construction and Driveways Limited (Registered number: 06495531)

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

1. STATUTORY INFORMATION

T P Construction and Driveways 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 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 2008, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 Construction and Driveways Limited (Registered number: 06495531)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 35,000
AMORTISATION
At 1 February 2023 26,250
Amortisation for year 1,750
At 31 January 2024 28,000
NET BOOK VALUE
At 31 January 2024 7,000
At 31 January 2023 8,750

T P Construction and Driveways Limited (Registered number: 06495531)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 1,469,876 54 167,389 1,768 1,639,087
Additions 860,565 - 86,187 - 946,752
Disposals (435,198 ) - (53,184 ) - (488,382 )
At 31 January 2024 1,895,243 54 200,392 1,768 2,097,457
DEPRECIATION
At 1 February 2023 719,834 53 55,222 1,703 776,812
Charge for year 276,411 - 31,698 16 308,125
Eliminated on disposal (288,418 ) - (29,105 ) - (317,523 )
At 31 January 2024 707,827 53 57,815 1,719 767,414
NET BOOK VALUE
At 31 January 2024 1,187,416 1 142,577 49 1,330,043
At 31 January 2023 750,042 1 112,167 65 862,275

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 1,034,048 82,410 1,116,458
Additions 806,550 86,187 892,737
Disposals (339,348 ) - (339,348 )
Transfer to ownership (311,400 ) (16,875 ) (328,275 )
At 31 January 2024 1,189,850 151,722 1,341,572
DEPRECIATION
At 1 February 2023 397,188 15,496 412,684
Charge for year 210,327 22,819 233,146
Eliminated on disposal (210,147 ) - (210,147 )
Transfer to ownership (181,734 ) (6,855 ) (188,589 )
At 31 January 2024 215,634 31,460 247,094
NET BOOK VALUE
At 31 January 2024 974,216 120,262 1,094,478
At 31 January 2023 636,860 66,914 703,774

T P Construction and Driveways Limited (Registered number: 06495531)

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

6. STOCKS
31.1.24 31.1.23
£    £   
Raw materials 13,143 17,300
Work-in-progress 181,583 103,247
194,726 120,547

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 213,030 33,384
Directors' loan accounts 57,449 39,469
VAT 39,810 -
310,289 72,853

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 58,034 60,192
Other loans - 30,150
Hire purchase contracts 318,773 182,564
Trade creditors 196,543 129,269
Social security and other taxes 14,171 6,315
VAT - 3,121
Net wages (4,253 ) (974 )
Directors' loan accounts - 1,597
Accrued expenses 2,220 2,220
585,488 414,454

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 31,000 31,000
Bank loans - 2-5 years 10,333 41,333
Hire purchase contracts 527,493 298,788
568,826 371,121

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 25,444

T P Construction and Driveways Limited (Registered number: 06495531)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdrafts 27,034 29,192
Bank loans 72,333 103,333
Hire purchase contracts 846,266 481,352
945,633 613,877

The hire purchase liabilities are secured on the assets concerned.

A debenture by way of deed made on 1 October 2018 in favour of HSBC UK Bank PLC includes a fixed and floating charge over all assets.

Personal guarantees have also been provided in favour of HSBC UK Bank PLC.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
D Fowles
Balance outstanding at start of year 39,469 23,923
Amounts advanced 50,878 66,066
Amounts repaid (40,780 ) (50,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,567 39,469

T J Ball
Balance outstanding at start of year (1,597 ) 6,192
Amounts advanced 50,259 42,731
Amounts repaid (40,780 ) (50,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,882 (1,597 )

During the period the company paid dividends to the shareholders, who are also the directors as follows:

D Fowles £40,000 (2023 - £50,000)
T Ball £40,000 (2023 - £50,000)