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REGISTERED NUMBER: 08777413 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Technical Print Solutions Ltd

Technical Print Solutions Ltd (Registered number: 08777413)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Technical Print Solutions Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: T D Gibson





REGISTERED OFFICE: Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US





REGISTERED NUMBER: 08777413 (England and Wales)

Technical Print Solutions Ltd (Registered number: 08777413)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,137 3,190

CURRENT ASSETS
Debtors 6 19,785 21,387
Cash at bank - 2,700
19,785 24,087
CREDITORS
Amounts falling due within one year 7 19,466 21,224
NET CURRENT ASSETS 319 2,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456

6,053

CREDITORS
Amounts falling due after more than one
year

8

(1,750

)

(4,750

)

PROVISIONS FOR LIABILITIES (534 ) (798 )
NET ASSETS 172 505

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 171 504
172 505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





T D Gibson - Director


Technical Print Solutions Ltd (Registered number: 08777413)

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

1. STATUTORY INFORMATION

Technical Print Solutions 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year inclusive of Value Added Tax. This is as a result of the client being registered for VAT under the Flat Rate Scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on straight line basis

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Technical Print Solutions Ltd (Registered number: 08777413)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 23,198 7,092 30,290
Disposals - (703 ) (703 )
At 30 November 2024 23,198 6,389 29,587
DEPRECIATION
At 1 December 2023 21,029 6,071 27,100
Charge for year 542 511 1,053
Eliminated on disposal - (703 ) (703 )
At 30 November 2024 21,571 5,879 27,450
NET BOOK VALUE
At 30 November 2024 1,627 510 2,137
At 30 November 2023 2,169 1,021 3,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,711 4,403
Directors' current accounts 12,074 16,984
19,785 21,387

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,964 3,000
Hire purchase contracts - 313
Trade creditors 496 562
Tax 5,971 5,898
Social security and other taxes 157 77
VAT 3,781 3,350
Other creditors 1,097 8,024
19,466 21,224

Technical Print Solutions Ltd (Registered number: 08777413)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,750 4,750

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
T D Gibson
Balance outstanding at start of year 16,984 21,268
Amounts advanced 12,074 16,984
Amounts repaid (16,984 ) (21,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,074 16,984