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REGISTERED NUMBER: 05476116 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

TRUE POSITION ROBOTICS LIMITED

TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

Contents of the Financial Statements
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUE POSITION ROBOTICS LIMITED

Company Information
for the Year Ended 30th November 2024







DIRECTOR: Mr R Holden





REGISTERED OFFICE: Cathedral House
5 Beacon Street
Lichfield
Staffordshire
WS13 7AA





REGISTERED NUMBER: 05476116 (England and Wales)






TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
IP and Patents 4 27,867 3,210
Tangible assets 5 1,138,829 1,133,959
1,166,696 1,137,169

CURRENT ASSETS
Debtors 6 419,414 165,842
Cash at bank and in hand 269,425 8,275
688,839 174,117
CREDITORS
Amounts falling due within one year 7 159,597 209,362
NET CURRENT ASSETS/(LIABILITIES) 529,242 (35,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,695,938

1,101,924

CREDITORS
Amounts falling due after more than
one year

8

147,501

149,051
NET ASSETS 1,548,437 952,873

TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

Balance Sheet - continued
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 999,984 -
Revaluation reserve 9 887,132 887,132
Retained earnings (338,681 ) 65,739
1,548,437 952,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 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.

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 17th March 2025 and were signed by:





Mr R Holden - Director


TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

Notes to the Financial Statements
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

True Position Robotics 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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.


TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

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

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 9 (2023 - 7 ) .

4. IP AND PATENTS
Other
intangible
assets
£   
COST
At 1st December 2023 3,210
Additions 24,657
At 30th November 2024 27,867
NET BOOK VALUE
At 30th November 2024 27,867
At 30th November 2023 3,210

TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1st December 2023 - 1,754,202 1,754,202
Additions 4,870 - 4,870
At 30th November 2024 4,870 1,754,202 1,759,072
DEPRECIATION
At 1st December 2023
and 30th November 2024 - 620,243 620,243
NET BOOK VALUE
At 30th November 2024 4,870 1,133,959 1,138,829
At 30th November 2023 - 1,133,959 1,133,959

Cost or valuation at 30th November 2024 is represented by:

Improvements
to Plant and
property machinery Totals
£    £    £   
Valuation in 2023 - 1,754,202 1,754,202
Cost 4,870 - 4,870
4,870 1,754,202 1,759,072

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.11.24 30.11.23
£    £   
Trade debtors 215,345 59,680
Other debtors 204,069 106,162
419,414 165,842

TRUE POSITION ROBOTICS LIMITED (REGISTERED NUMBER: 05476116)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 18,258 -
Trade creditors 72,747 6,440
Taxation and social security 26,465 24,716
Other creditors 42,127 178,206
159,597 209,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 21,763
Other creditors 147,501 127,288
147,501 149,051

9. RESERVES
Revaluation
reserve
£   
At 1st December 2023
and 30th November 2024 887,132