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REGISTERED NUMBER: 11128437 (England and Wales)














Financial Statements

for the Year Ended 31 July 2024

for

Total Composite Solutions (TCS) Limited

Total Composite Solutions (TCS) Limited (Registered number: 11128437)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Total Composite Solutions (TCS) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr B J Harpur





REGISTERED OFFICE: 2500 Blueprint
Portfield Road
Portsmouth
Hampshire
PO3 5JF





REGISTERED NUMBER: 11128437 (England and Wales)





AUDITORS: Ward Goodman Audit Services Ltd
4 Cedar Park
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Total Composite Solutions (TCS) Limited (Registered number: 11128437)

Balance Sheet
31 July 2024

2024 2023
(Unaudited)
Notes £    £   
CURRENT ASSETS
Stocks 2,187 -
Debtors 4 10,648 8,140
Cash at bank 5,483 2,007
18,318 10,147
CREDITORS
Amounts falling due within one year 5 969,312 961,907
NET CURRENT LIABILITIES (950,994 ) (951,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(950,994

)

(951,760

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (951,094 ) (951,860 )
(950,994 ) (951,760 )

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 director and authorised for issue on 14 April 2025 and were signed by:





Mr B J Harpur - Director


Total Composite Solutions (TCS) Limited (Registered number: 11128437)

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

1. STATUTORY INFORMATION

Total Composite Solutions (TCS) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
At the balance sheet date the company has net liabilities of £951,760 of which £959,936 relates to a company under common control. The directors are of the opinion that with the continued support of the company under common control that the company will have the ability to service its other existing liabilities as they fall due.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Financial instruments
The company holds the following financial instruments:

-Short term trade and other debtors and creditors
-Bank loans; and
-Cash and bank balances

All financial instruments are classified as basic.

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.


Total Composite Solutions (TCS) Limited (Registered number: 11128437)

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.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date. Exchange gains or losses arising on translation are included in the profit and loss accounts for the period.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 9,966 (291 )
Other debtors 682 8,431
10,648 8,140

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade creditors - (2,102 )
Owed to companies under common control 965,880 959,936
Taxation and social security 3,432 2,323
Other creditors - 1,750
969,312 961,907

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I M Rodd BSc FCA FCCA (Senior Statutory Auditor)
for and on behalf of Ward Goodman Audit Services Ltd

Total Composite Solutions (TCS) Limited (Registered number: 11128437)

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

7. RELATED PARTY DISCLOSURES

During the year, GRP Solutions acquired Total Composite Solutions Limited, resulting in the company becoming a member of the group instead of a company related due to common control.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is GRP Solutions Limited, a company registered in England and Wales, which is controlled by B J Harpur.

The ultimate parent company, consolidated financial statements in which the financial statements of Total Composite Solutions Limited are included. These consolidated financial statements are available from GRP Solutions Limited, 2500 Blueprint, Portfield Road, Portsmouth, Hampshire, PO3 5JF.