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REGISTERED NUMBER: 08554263 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 June 2024

for

TP Property Contractors Ltd

TP Property Contractors Ltd (Registered number: 08554263)

Contents of the Financial Statements
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TP Property Contractors Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTOR: P French





SECRETARY:





REGISTERED OFFICE: Osborne House
143 - 145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 08554263 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

TP Property Contractors Ltd (Registered number: 08554263)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 23,421 31,229
25,421 34,229

CURRENT ASSETS
Debtors 6 14,025 18,942
Cash at bank 39,680 24,512
53,705 43,454
CREDITORS
Amounts falling due within one year 7 65,268 68,685
NET CURRENT LIABILITIES (11,563 ) (25,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,858

8,998

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 8 13,756 8,896
SHAREHOLDERS' FUNDS 13,858 8,998

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

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

TP Property Contractors Ltd (Registered number: 08554263)

Balance Sheet - continued
30 June 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 director and authorised for issue on 25 March 2025 and were signed by:





P French - Director


TP Property Contractors Ltd (Registered number: 08554263)

Notes to the Financial Statements
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

TP Property Contractors 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 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 2014, is being amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


TP Property Contractors Ltd (Registered number: 08554263)

Notes to the Financial Statements - continued
For The Year Ended 30 June 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
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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 7,000
Amortisation for year 1,000
At 30 June 2024 8,000
NET BOOK VALUE
At 30 June 2024 2,000
At 30 June 2023 3,000

TP Property Contractors Ltd (Registered number: 08554263)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 29 60,341 2,922 63,292
DEPRECIATION
At 1 July 2023 29 29,112 2,922 32,063
Charge for year - 7,808 - 7,808
At 30 June 2024 29 36,920 2,922 39,871
NET BOOK VALUE
At 30 June 2024 - 23,421 - 23,421
At 30 June 2023 - 31,229 - 31,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 11,122 16,039
Other debtors 2,903 2,903
14,025 18,942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 11,288 11,180
Taxation and social security 12,909 14,849
Other creditors 41,071 42,656
65,268 68,685

8. RESERVES
Retained
earnings
£   

At 1 July 2023 8,896
Profit for the year 34,860
Dividends (30,000 )
At 30 June 2024 13,756

TP Property Contractors Ltd (Registered number: 08554263)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024


9. RELATED PARTY DISCLOSURES

At the balance sheet date there was a loan balance of £34,722 outstanding to P French as shown in note 8. ( 2022 £839 )

The ultimate controlling party is P French.