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REGISTERED NUMBER: 05443200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

TP Extrusions Limited

TP Extrusions Limited (Registered number: 05443200)






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


TP Extrusions Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: G Winterbone
P Hunt





REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP





REGISTERED NUMBER: 05443200 (England and Wales)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

TP Extrusions Limited (Registered number: 05443200)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,678 3,410

CURRENT ASSETS
Stocks 1,584 1,584
Debtors 5 229,426 210,001
Cash at bank and in hand 150,721 187,293
381,731 398,878
CREDITORS
Amounts falling due within one year 6 237,304 263,139
NET CURRENT ASSETS 144,427 135,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,105

139,149

PROVISIONS FOR LIABILITIES 7 1,420 648
NET ASSETS 148,685 138,501

CAPITAL AND RESERVES
Called up share capital 8 4,250 4,250
Retained earnings 9 144,435 134,251
SHAREHOLDERS' FUNDS 148,685 138,501

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.

TP Extrusions Limited (Registered number: 05443200)

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 18 February 2025 and were signed on its behalf by:





G Winterbone - Director


TP Extrusions Limited (Registered number: 05443200)

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

1. STATUTORY INFORMATION

TP Extrusions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 50% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

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.

TP Extrusions Limited (Registered number: 05443200)

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

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 23,828 16,012 2,949 42,789
Additions - 3,191 - 3,191
Disposals - - (2,949 ) (2,949 )
At 31 May 2024 23,828 19,203 - 43,031
DEPRECIATION
At 1 June 2023 23,828 12,602 2,949 39,379
Charge for year - 923 - 923
Eliminated on disposal - - (2,949 ) (2,949 )
At 31 May 2024 23,828 13,525 - 37,353
NET BOOK VALUE
At 31 May 2024 - 5,678 - 5,678
At 31 May 2023 - 3,410 - 3,410

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 164,558 141,645
Other debtors 20,868 24,356
185,426 166,001

Amounts falling due after more than one year:
Other debtors 44,000 44,000

Aggregate amounts 229,426 210,001

TP Extrusions Limited (Registered number: 05443200)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 184,017 195,574
Tax 28,890 48,382
Social security and other taxes 915 (918 )
VAT 16,050 14,752
Other creditors 3,621 3,388
Directors' current accounts 1,961 111
Accrued expenses 1,850 1,850
237,304 263,139

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 1,420 648

Deferred
tax
£   
Balance at 1 June 2023 648
Accelerated Capital Allowances 772
Balance at 31 May 2024 1,420

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
3,250 A Ordinary Shares £1 3,250 3,250
1,000 B Ordinary Shares £1 1,000 1,000
4,250 4,250

9. RESERVES
Retained
earnings
£   

At 1 June 2023 134,251
Profit for the year 90,184
Dividends (80,000 )
At 31 May 2024 144,435

TP Extrusions Limited (Registered number: 05443200)

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

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
£    £   
G Winterbone
Balance outstanding at start of year 44,000 -
Amounts advanced - 44,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,000 44,000

During the period the Director retained a loan from the company to be repaid within the next five years. A commercial rate of interest will be charged.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G Winterbone.