TPA Contracts Ltd NI627884 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is Groundworks Contractor Digita Accounts Production Advanced 6.30.9574.0 true NI627884 2023-12-01 2024-11-30 NI627884 2024-11-30 NI627884 core:RetainedEarningsAccumulatedLosses 2024-11-30 NI627884 core:ShareCapital 2024-11-30 NI627884 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 NI627884 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 NI627884 core:OfficeEquipment 2024-11-30 NI627884 core:PlantMachinery 2024-11-30 NI627884 bus:SmallEntities 2023-12-01 2024-11-30 NI627884 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 NI627884 bus:FilletedAccounts 2023-12-01 2024-11-30 NI627884 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI627884 bus:RegisteredOffice 2023-12-01 2024-11-30 NI627884 bus:Director1 2023-12-01 2024-11-30 NI627884 bus:Director2 2023-12-01 2024-11-30 NI627884 bus:Director3 2023-12-01 2024-11-30 NI627884 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI627884 bus:Agent1 2023-12-01 2024-11-30 NI627884 core:OfficeEquipment 2023-12-01 2024-11-30 NI627884 core:PlantMachinery 2023-12-01 2024-11-30 NI627884 countries:NorthernIreland 2023-12-01 2024-11-30 NI627884 2023-11-30 NI627884 core:OfficeEquipment 2023-11-30 NI627884 core:PlantMachinery 2023-11-30 NI627884 2022-12-01 2023-11-30 NI627884 2023-11-30 NI627884 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI627884 core:ShareCapital 2023-11-30 NI627884 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI627884 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 NI627884 core:OfficeEquipment 2023-11-30 NI627884 core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure

Registration number: NI627884

TPA Contracts Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2024

 

TPA Contracts Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

TPA Contracts Ltd

Company Information

Directors

Thomas Wigston

Paul Gordon

James Allister Brown

Registered office

21 Kilmorey Street
Newry
Co Down
BT34 2DF

Bankers

Danske Bank
45-48 High Street
Portadown
Craigavon
Co Armagh
BT62 1LB

Accountants

Kennedy & Co
Chartered Certified Accountants21 Kilmorey Street
Newry
Co Down
BT34 2DF

 

TPA Contracts Ltd

(Registration number: NI627884)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

109,839

Current assets

 

Work in Progress

-

153,592

Debtors

316,005

269,610

Cash at bank and in hand

 

52,716

272,540

 

368,721

695,742

Creditors: Amounts falling due within one year

(42,721)

(130,116)

Net current assets

 

326,000

565,626

Total assets less current liabilities

 

326,000

675,465

Creditors: Amounts falling due after more than one year

-

(19,283)

Provisions for liabilities

-

(27,460)

Accruals and deferred income

 

(57,218)

(30,602)

Net assets

 

268,782

598,120

Capital and reserves

 

Called up share capital

20

20

Profit and loss account

268,762

598,100

Total equity

 

268,782

598,120

 

TPA Contracts Ltd

(Registration number: NI627884)
Abridged Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2025 and signed on its behalf by:
 

......................................................
Thomas Wigston
Director

....................................................
Paul Gordon
Director

......................................................
James Allister Brown
Director

     
 

TPA Contracts Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
21 Kilmorey Street
Newry
Co Down
BT34 2DF

The principal place of business is:
95A Halftown Road
Lisburn
BT27 5RF

These financial statements were authorised for issue by the Board on 14 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared on a basis other than going concern, which is described as the break-up basis. This is because the company ceased trading on 4 October 2024. The break-up basis requires the carrying value of the assets to be at the amounts they are expected to realise and liabilities include any amounts which are expected to be paid as a result of the decision to wind up the company.

 

TPA Contracts Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Contract revenue recognition

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Interest Receivable

Interest income is recognised using the effective interest method.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Asset class

Depreciation method and rate

Office Equipment

15% Reducing Balance

Plant and Machinery

20% Reducing Balance

Trade debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

 

TPA Contracts Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Trade creditors

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effive interest rate method, less impairment.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Defined contribution pension obligation

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

 

TPA Contracts Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Plant and Machinery
£

Office Equipment
£

Total
£

Cost or valuation

At 1 December 2023

182,042

15,884

197,926

Disposals

(182,042)

(15,884)

(197,926)

At 30 November 2024

-

-

-

Depreciation

At 1 December 2023

81,767

6,318

88,085

Charge for the year

27,993

-

27,993

Eliminated on disposal

(109,760)

(6,318)

(116,078)

At 30 November 2024

-

-

-

Carrying amount

At 30 November 2024

-

-

-

At 30 November 2023

100,273

9,566

109,839

Borrowing costs totalling £5,578 (2023 - £42,187) have been included in the cost of tangible fixed assets.

5

Related party transactions

Transactions with directors
The company had overdrawn directors loan accounts of £170,403 (2023: £183,557) at the balance sheet date. These are included in debtors. Interest is charged on the outstanding balance of the loan. The loans are repayable on demand.