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REGISTERED NUMBER: 10292642 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

T P Autos Ltd

T P Autos Ltd (Registered number: 10292642)






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 5


T P Autos Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: T J Elliott





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 10292642 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

T P Autos Ltd (Registered number: 10292642)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 33,538 44,718

CURRENT ASSETS
Stocks 225 105
Debtors 15,141 17,700
Cash at bank 10,029 7,285
25,395 25,090
CREDITORS
Amounts falling due within one year 30,007 29,961
NET CURRENT LIABILITIES (4,612 ) (4,871 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,926

39,847

CREDITORS
Amounts falling due after more than one
year

(16,110

)

(29,727

)

PROVISIONS FOR LIABILITIES 5 (5,163 ) (2,761 )
NET ASSETS 7,653 7,359

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7,553 7,259
SHAREHOLDERS' FUNDS 7,653 7,359

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 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.

T P Autos Ltd (Registered number: 10292642)

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.

T P Autos Ltd (Registered number: 10292642)

Abridged Balance Sheet - continued
31 July 2024



The financial statements were approved by the director and authorised for issue on 11 April 2025 and were signed by:





T J Elliott - Director


T P Autos Ltd (Registered number: 10292642)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

T P Autos 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.

The accounts have been prepared on a going concern basis, which assumes continuity of the business activities for the foreseeable future. The company made a loss in the current and comparative trading period . As at the balance sheet date current liabilities exceeded current assets and total liabilities exceeded total assets.

The company's director is optimistic about the future and he will continue to support the company .

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

T P Autos Ltd (Registered number: 10292642)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 67,078
DEPRECIATION
At 1 August 2023 22,360
Charge for year 11,180
At 31 July 2024 33,540
NET BOOK VALUE
At 31 July 2024 33,538
At 31 July 2023 44,718

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

Totals
£   
COST
At 1 August 2023 24,000
Reclassification/transfer 38,000
At 31 July 2024 62,000
DEPRECIATION
At 1 August 2023 19,000
Charge for year 10,750
At 31 July 2024 29,750
NET BOOK VALUE
At 31 July 2024 32,250
At 31 July 2023 5,000

T P Autos Ltd (Registered number: 10292642)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 5,163 2,761

Deferred
tax
£   
Balance at 1 August 2023 2,761
Provided during year 2,402
Balance at 31 July 2024 5,163

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100