2 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10533027 2024-01-01 2024-12-31 10533027 2024-12-31 10533027 2023-12-31 10533027 2023-01-01 2023-12-31 10533027 2023-12-31 10533027 2022-12-31 10533027 core:PlantMachinery 2024-01-01 2024-12-31 10533027 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 10533027 bus:Director1 2024-01-01 2024-12-31 10533027 bus:Director2 2024-01-01 2024-12-31 10533027 core:NetGoodwill 2024-12-31 10533027 core:PlantMachinery 2023-12-31 10533027 core:FurnitureFittingsToolsEquipment 2023-12-31 10533027 core:PlantMachinery 2024-12-31 10533027 core:FurnitureFittingsToolsEquipment 2024-12-31 10533027 core:WithinOneYear 2024-12-31 10533027 core:WithinOneYear 2023-12-31 10533027 core:AfterOneYear 2023-12-31 10533027 core:ShareCapital 2024-12-31 10533027 core:ShareCapital 2023-12-31 10533027 core:RetainedEarningsAccumulatedLosses 2024-12-31 10533027 core:RetainedEarningsAccumulatedLosses 2023-12-31 10533027 core:NetGoodwill 2023-12-31 10533027 core:PlantMachinery 2023-12-31 10533027 core:FurnitureFittingsToolsEquipment 2023-12-31 10533027 bus:Director1 2023-12-31 10533027 bus:Director1 2024-12-31 10533027 bus:Director2 2023-12-31 10533027 bus:Director2 2024-12-31 10533027 bus:Director1 2023-12-31 10533027 bus:Director2 2023-12-31 10533027 bus:Director1 2023-01-01 2023-12-31 10533027 bus:Director2 2023-01-01 2023-12-31 10533027 bus:SmallEntities 2024-01-01 2024-12-31 10533027 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10533027 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10533027 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10533027 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: 10533027
TPA Modelmakers Limited
Unaudited filleted financial statements
31 December 2024
TPA Modelmakers Limited
Contents
Statement of financial position
Notes to the financial statements
TPA Modelmakers Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 14,000 14,000
Tangible assets 5,777 7,452
_______ _______
19,777 21,452
Current assets
Stocks 500 500
Debtors 7 7,320 210
Cash at bank and in hand 45,185 50,669
_______ _______
53,005 51,379
Creditors: amounts falling due
within one year 8 ( 31,754) ( 33,773)
_______ _______
Net current assets 21,251 17,606
_______ _______
Total assets less current liabilities 41,028 39,058
Creditors: amounts falling due
after more than one year 9 - ( 14,786)
_______ _______
Net assets 41,028 24,272
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 41,026 24,270
_______ _______
Shareholders funds 41,028 24,272
_______ _______
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:
Mr D J Miles
Director
Company registration number: 10533027
TPA Modelmakers Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Spectrum Business Estate, Bircholt Road, Maidstone, Kent, ME15 9YP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Reducing balance - 33.33 % reducing balance
Reducing balance - 33.33 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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 are 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.
Stocks
Stocks are measured 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 the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2024 and 31 December 2024 14,000 14,000
_______ _______
Amortisation
At 1 January 2024 and 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 14,000 14,000
_______ _______
At 31 December 2023 14,000 14,000
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2024 26,079 8,920 34,999
Additions - 832 832
_______ _______ _______
At 31 December 2024 26,079 9,752 35,831
_______ _______ _______
Depreciation
At 1 January 2024 21,437 6,110 27,547
Charge for the year 1,547 960 2,507
_______ _______ _______
At 31 December 2024 22,984 7,070 30,054
_______ _______ _______
Carrying amount
At 31 December 2024 3,095 2,682 5,777
_______ _______ _______
At 31 December 2023 4,642 2,810 7,452
_______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 7,320 -
Other debtors - 210
_______ _______
7,320 210
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,653 -
Trade creditors 1,812 -
Corporation tax 9,589 8,747
Social security and other taxes 6,348 14,764
Other creditors 6,352 10,262
_______ _______
31,754 33,773
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts - 14,786
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D J Miles 210 ( 350) ( 140)
Mr L R Preston ( 2,571) - ( 2,571)
_______ _______ _______
( 2,361) ( 350) ( 2,711)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D J Miles - 210 210
Mr L R Preston - ( 2,571) ( 2,571)
_______ _______ _______
- ( 2,361) ( 2,361)
_______ _______ _______