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REGISTERED NUMBER: 12112624 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TPSQUARED LIMITED

TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

TPSQUARED LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTOR: Ms C M Smith



REGISTERED OFFICE: Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



REGISTERED NUMBER: 12112624 (England and Wales)



ACCOUNTANTS: Bradley Rhodes Limited
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



BANKERS: Barclays Bank PLC
Birmingham Kings Heath 3
Leicester
Leicestershire
LE87 2BB

TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,750 2,100
Tangible assets 5 32,252 35,183
34,002 37,283

CURRENT ASSETS
Stocks - 2,500
Debtors 46,275 31,611
Cash at bank 40,445 58,348
86,720 92,459
CREDITORS
Amounts falling due within one year 51,802 39,501
NET CURRENT ASSETS 34,918 52,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,920

90,241

CREDITORS
Amounts falling due after more than one
year

(34,565

)

(49,513

)

PROVISIONS FOR LIABILITIES 6 (6,128 ) (6,685 )
NET ASSETS 28,227 34,043

CAPITAL AND RESERVES
Called up share capital 7 220 200
Retained earnings 28,007 33,843
SHAREHOLDERS' FUNDS 28,227 34,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)

ABRIDGED BALANCE SHEET - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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:





Ms C M Smith - Director


TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

TPSquared 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 3,500
AMORTISATION
At 1 August 2023 1,400
Amortisation for year 350
At 31 July 2024 1,750
NET BOOK VALUE

At 31 July 2024 1,750
At 31 July 2023 2,100

TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 68,240
Additions 7,228
Disposals (733 )
At 31 July 2024 74,735
DEPRECIATION
At 1 August 2023 33,057
Charge for year 10,104
Eliminated on disposal (678 )
At 31 July 2024 42,483
NET BOOK VALUE
At 31 July 2024 32,252
At 31 July 2023 35,183

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2023
and 31 July 2024 47,951
DEPRECIATION
At 1 August 2023 16,545
Charge for year 7,851
At 31 July 2024 24,396
NET BOOK VALUE
At 31 July 2024 23,555
At 31 July 2023 31,406

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,128 6,685

TPSQUARED LIMITED (REGISTERED NUMBER: 12112624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 6,685
Provided during year (557 )
Balance at 31 July 2024 6,128

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
120 Ordinary B £1 120 100
220 200

20 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.

TPSQUARED LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
TPSQUARED LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bradley Rhodes Limited
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB


25 March 2025