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REGISTERED NUMBER: 10374727 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Total Power Group Limited

Total Power Group Limited (Registered number: 10374727)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Total Power Group Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J A Evans
M J Evans
G L Cox
S C Parkes





REGISTERED OFFICE: 11 Narrowboat Way
Blackbrook Valley Park
Dudley
West Midlands
DY2 0XQ





REGISTERED NUMBER: 10374727 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Total Power Group Limited (Registered number: 10374727)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 683,312 294,906

CURRENT ASSETS
Stocks 5 845,248 662,673
Debtors 6 1,806,094 2,168,530
Cash at bank and in hand 28,966 81,770
2,680,308 2,912,973
CREDITORS
Amounts falling due within one year 7 2,765,582 2,925,301
NET CURRENT LIABILITIES (85,274 ) (12,328 )
TOTAL ASSETS LESS CURRENT LIABILITIES 598,038 282,578

CREDITORS
Amounts falling due after more than one year 8 (288,723 ) (102,688 )

PROVISIONS FOR LIABILITIES 12 (58,816 ) (45,118 )
NET ASSETS 250,499 134,772

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 14 250,498 134,771
SHAREHOLDERS' FUNDS 16 250,499 134,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 18 March 2025 and were signed on its behalf by:





S C Parkes - Director


Total Power Group Limited (Registered number: 10374727)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Total Power Group 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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.

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.

Total Power Group Limited (Registered number: 10374727)

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

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Debt financing
Trade Debtors are subject to a financing agreement whereby an advance is received based upon and secured against trade receivables.

Where the company has retained significant benefits and risks relating to the factored debts, separate presentation is adopted whereby the gross debts and corresponding liability in respect of the advance received are shown separably on the balance sheet. The interest element of the factor's charges is recognised as it accrues and is included in the profit and loss account with other interest charges.

Leasing
All leases are "operating leases" and the annual rentals are charged to profit and loss on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 35 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 61,896 - 182,876
Additions 7,833 20,833 58,382
At 30 September 2024 69,729 20,833 241,258
DEPRECIATION
At 1 October 2023 4,952 - 94,066
Charge for year 2,789 833 22,004
At 30 September 2024 7,741 833 116,070
NET BOOK VALUE
At 30 September 2024 61,988 20,000 125,188
At 30 September 2023 56,944 - 88,810

Total Power Group Limited (Registered number: 10374727)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 23,607 218,103 30,004 516,486
Additions 9,810 387,941 2,966 487,765
At 30 September 2024 33,417 606,044 32,970 1,004,251
DEPRECIATION
At 1 October 2023 9,065 88,442 25,055 221,580
Charge for year 4,870 64,905 3,958 99,359
At 30 September 2024 13,935 153,347 29,013 320,939
NET BOOK VALUE
At 30 September 2024 19,482 452,697 3,957 683,312
At 30 September 2023 14,542 129,661 4,949 294,906

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 October 2023 - 181,905 181,905
Additions 26,000 386,969 412,969
Transfer to ownership - (13,878 ) (13,878 )
At 30 September 2024 26,000 554,996 580,996
DEPRECIATION
At 1 October 2023 - 61,354 61,354
Charge for year 3,900 60,921 64,821
Transfer to ownership - (8,023 ) (8,023 )
At 30 September 2024 3,900 114,252 118,152
NET BOOK VALUE
At 30 September 2024 22,100 440,744 462,844
At 30 September 2023 - 120,551 120,551

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 224,000 179,500
Work-in-progress 621,248 483,173
845,248 662,673

Total Power Group Limited (Registered number: 10374727)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,782,705 2,131,500
Other debtors 5,748 10,462
Directors' current accounts - 30
Prepayments and accrued income 17,641 26,538
1,806,094 2,168,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts (see note 10) 142,148 62,444
Trade creditors 1,303,282 2,327,853
Financed Receivables 1,124,165 428,946
Tax 108,294 87,752
Social security and other taxes 1,848 1,681
VAT 80,504 12,145
Directors' current accounts 613 -
Accruals and deferred income 4,728 4,480
2,765,582 2,925,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 9) 31,667 51,667
Hire purchase contracts (see note 10) 257,056 51,021
288,723 102,688

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 31,667 51,667

9. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 31,667 51,667

Total Power Group Limited (Registered number: 10374727)

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 142,148 62,444
Between one and five years 257,056 51,021
399,204 113,465

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Between one and five years 197,332 182,206

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Financed Receivables 1,124,165 428,946

12. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 58,816 45,118

Deferred
tax
£   
Balance at 1 October 2023 45,118
Provided during year 13,698
Balance at 30 September 2024 58,816

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

14. RESERVES
Retained
earnings
£   

At 1 October 2023 134,771
Profit for the year 381,727
Dividends (266,000 )
At 30 September 2024 250,498

Total Power Group Limited (Registered number: 10374727)

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

15. ULTIMATE CONTROLLING PARTY

The controlling party is J A Evans.

16. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30.9.24 30.9.23
£    £   
Profit for the financial year 381,727 368,589
Dividends (266,000 ) (354,000 )
115,727 14,589
Opening shareholders funds - 120,183
`
Net addition to shareholders' funds 115,727 134,772
Opening shareholders' funds 134,772 -
Closing shareholders' funds 250,499 134,772