1 July 2023 v2025.18.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP112971772023-07-012024-06-30112971772024-06-30112971772023-06-3011297177core:WithinOneYear2024-06-3011297177core:WithinOneYear2023-06-3011297177core:AfterOneYear2023-06-3011297177core:ShareCapital2024-06-3011297177core:ShareCapital2023-06-3011297177core:RetainedEarningsAccumulatedLosses2024-06-3011297177core:RetainedEarningsAccumulatedLosses2023-06-3011297177bus:Director12023-07-012024-06-3011297177bus:RegisteredOffice2023-07-012024-06-3011297177core:NetGoodwill2023-07-012024-06-3011297177core:Goodwill2023-07-012024-06-3011297177core:LandBuildings2023-07-012024-06-3011297177core:FurnitureFittingsToolsEquipment2023-07-012024-06-3011297177core:OfficeEquipment2023-07-012024-06-30112971772022-07-012023-06-3011297177core:NetGoodwill2024-06-3011297177core:NetGoodwill2023-07-0111297177core:NetGoodwill2023-06-3011297177core:LandBuildings2023-07-0111297177core:PlantMachinery2023-07-01112971772023-07-0111297177core:PlantMachinery2023-07-012024-06-3011297177core:LandBuildings2024-06-3011297177core:PlantMachinery2024-06-3011297177core:LandBuildings2023-06-3011297177core:PlantMachinery2023-06-301129717712023-07-012024-06-3011297177countries:EnglandWales2023-07-012024-06-3011297177bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3011297177bus:PrivateLimitedCompanyLtd2023-07-012024-06-3011297177bus:SmallEntities2023-07-012024-06-3011297177bus:FullAccounts2023-07-012024-06-30
Company registration number:
11297177
TPOT Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
TPOT Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Intangible assets 5 -  
16,666
 
Tangible assets 6
2,124,607
 
1,783,840
 
2,124,607
 
1,800,506
 
Current assets    
Stocks
29,898
 
22,548
 
Debtors 7
35,409
 
31,556
 
Cash at bank and in hand
219,833
 
137,008
 
285,140
 
191,112
 
Creditors: amounts falling due within one year 8
(3,056,583
)
(2,696,302
)
Net current liabilities
(2,771,443
)
(2,505,190
)
Total assets less current liabilities (646,836 ) (704,684 )
Creditors: amounts falling due after more than one year 9 -  
(31,350
)
Net liabilities
(646,836
)
(736,034
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(646,936
)
(736,134
)
Shareholders deficit
(646,836
)
(736,034
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
25 March 2025
, and are signed on behalf of the board by:
S Singh-Watson
Director
Company registration number:
11297177
TPOT Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Baddaford Barns Baddaford Farm Yard
,
Ashburton
,
Newton Abbot
,
TQ13 7NF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
Straight line over 3 years

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 30 years (freehold improvements)
Fixtures, fittings and equipment
Straight line over 3-5 years
Office equipment
Straight line over 3 years

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

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.

4 Average number of employees

The average number of persons employed by the company during the year was
49
(2023:
48.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 July 2023
and
30 June 2024
50,000
 
Amortisation  
At
1 July 2023
33,334
 
Charge
16,666
 
At
30 June 2024
50,000
 
Carrying amount  
At
30 June 2024
-  
At 30 June 2023
16,666
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2023
1,702,499
 
329,937
 
2,032,436
 
Additions
394,200
 
26,036
 
420,236
 
At
30 June 2024
2,096,699
 
355,973
 
2,452,672
 
Depreciation      
At
1 July 2023
39,508
 
209,088
 
248,596
 
Charge
15,075
 
64,394
 
79,469
 
At
30 June 2024
54,583
 
273,482
 
328,065
 
Carrying amount      
At
30 June 2024
2,042,116
 
82,491
 
2,124,607
 
At 30 June 2023
1,662,991
 
120,849
 
1,783,840
 
Included within the net book value of land and buildings above is £2,096,699 in respect of freehold land and buildings and improvements thereon (2023: £1,662,991).

Investment property

7 Debtors

20242023
££
Trade debtors
2,103
 
2,672
 
Other debtors
33,306
 
28,884
 
35,409
 
31,556
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
52,822
 
59,149
 
Taxation and social security
114,774
 
98,863
 
Other creditors
2,888,987
 
2,538,290
 
3,056,583
 
2,696,302
 

9 Creditors: amounts falling due after more than one year

20242023
££
Other creditors -  
31,350
 
Included within other creditors, is a secured debt of £31,350 (2023: £60,440).