Registered number
08300354
TPL Vision UK Ltd
Filleted Accounts
31 December 2024
TPL Vision UK Ltd
Registered number: 08300354
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,667 17,925
Current assets
Debtors 4 387,857 300,250
Cash at bank and in hand 79,886 164,531
467,743 464,781
Creditors: amounts falling due within one year 5 (45,114) (73,774)
Net current assets 422,629 391,007
Total assets less current liabilities 433,296 408,932
Provisions for liabilities (2,667) (4,482)
Net assets 430,629 404,450
Capital and reserves
Called up share capital 30,000 30,000
Profit and loss account 400,629 374,450
Shareholder's funds 430,629 404,450
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Huber
Director
Approved by the board on 23 May 2025
TPL Vision UK Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
IT Equipment 50% straight line
Office Equipment 25% straight line
Motor vehicles 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 11
3 Tangible fixed assets
IT & Office equipment
£
Cost
At 1 January 2024 84,117
Additions 6,731
At 31 December 2024 90,848
Depreciation
At 1 January 2024 66,192
Charge for the year 13,989
At 31 December 2024 80,181
Net book value
At 31 December 2024 10,667
At 31 December 2023 17,925
4 Debtors 2024 2023
£ £
Trade debtors 347,561 251,536
Other debtors 40,296 48,714
387,857 300,250
Trade debtors includes an amount of 416,934 euros (2023: 291,147 euros) due from TPL Vision SAS. A company incorporated in France.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,161 38,061
Taxation and social security costs 28,907 35,583
Other creditors 11,046 130
45,114 73,774
6 Related party transactions
During the year, the company invoiced TPL Vision SAS, a company incorporated in France, a total amount of 984,070 euros in respect of commission and management fees. The balance due by TPL Vision SAS at year end was 416,934 euros.
7 Other information
TPL Vision UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Brenchley House
Brenchley Mews
Charing
Kent
TN27 0JW
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