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Registered number: 08894260
TPM Building & Property Maintenance Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Naylor Accountancy Services Limited
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08894260
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,156 16,431
14,156 16,431
CURRENT ASSETS
Debtors 5 23,883 3,811
Cash at bank and in hand 25,773 31,462
49,656 35,273
Creditors: Amounts Falling Due Within One Year 6 (45,783 ) (37,078 )
NET CURRENT ASSETS (LIABILITIES) 3,873 (1,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,029 14,626
NET ASSETS 18,029 14,626
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 18,027 14,624
SHAREHOLDERS' FUNDS 18,029 14,626
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
T Palmer
Director
20th May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TPM Building & Property Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08894260 . The registered office is 42 Stanton Road, Southampton, SO15 4HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Computer Equipment 25% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.  Bank overdrafts are shown within borrowings in current liabilities.
2.6. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 13,582 15,325 586 29,493
Additions - - 1,207 1,207
As at 28 February 2025 13,582 15,325 1,793 30,700
Depreciation
As at 1 March 2024 11,401 1,530 131 13,062
Provided during the period 432 2,760 290 3,482
As at 28 February 2025 11,833 4,290 421 16,544
Net Book Value
As at 28 February 2025 1,749 11,035 1,372 14,156
As at 1 March 2024 2,181 13,795 455 16,431
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,747 3,811
Other debtors 14,136 -
23,883 3,811
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 914 3,225
Other creditors 30,584 23,664
Taxation and social security 14,285 10,189
45,783 37,078
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within other creditors is the following loan from the director:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Terry Palmer (22,541 ) 34,748 27,382 - 15,175
Page 3