Company No:
Contents
Note | 2025 | 2024 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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918 | 27,560 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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17,540 | 4,110 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (13,934) | (70,095) | ||
Total assets less current liabilities | (13,016) | (42,535) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of TPS Sailing Limited (registered number:
J M Peters
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
TPS Sailing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Revenue from services is recognised as they are delivered.
Plant and machinery |
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Office equipment |
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2025 | 2024 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery | Office equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 28 February 2024 |
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Additions |
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Disposals | (
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At 27 February 2025 |
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Accumulated depreciation | |||||
At 28 February 2024 |
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Charge for the financial year |
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Disposals | (
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At 27 February 2025 |
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Net book value | |||||
At 27 February 2025 |
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At 27 February 2024 |
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2025 | 2024 | ||
£ | £ | ||
Amounts owed by director |
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2025 | 2024 | ||
£ | £ | ||
Other creditors |
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2025 | 2024 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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