REGISTERED NUMBER: 07540473 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tspro Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Collier

J Booth

SECRETARY:

REGISTERED OFFICE:

Unit 16B Enterprise Park

Bergen Way

Sutton Fields

Kingston upon Hull

East Yorkshire

HU7 0YQ

REGISTERED NUMBER:

07540473 (England and Wales)

ACCOUNTANTS:

Andrew Cooper & Company

Chartered Accountants

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

FIXED ASSETS

Tangible assets

4

47,837

31,947

CURRENT ASSETS

Stocks

71,500

59,150

Debtors

5

230,367

156,276

Cash at bank and in hand

141,913

301,904

443,780

517,330

CREDITORS

Amounts falling due within one year

6

325,007

394,551

NET CURRENT ASSETS

118,773

122,779

TOTAL ASSETS LESS CURRENT LIABILITIES

166,610

154,726

CREDITORS

Amounts falling due after more than one year

7

19,430

21,196

NET ASSETS

147,180

133,530

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

146,980

133,430

SHAREHOLDERS' FUNDS

147,180

133,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

A R Collier - Director

1.	STATUTORY INFORMATION

Tspro 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

55,141

Additions

23,295

Disposals

(6,400

)

At 31 December 2024

72,036

DEPRECIATION

At 1 January 2024

23,194

Charge for year

6,018

Eliminated on disposal

(5,013

)

At 31 December 2024

24,199

NET BOOK VALUE

At 31 December 2024

47,837

At 31 December 2023

31,947

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

26,995

Additions

23,295

Transfer to ownership

(10,500

)

At 31 December 2024

39,790

DEPRECIATION

At 1 January 2024

3,838

Charge for year

3,591

Transfer to ownership

(2,188

)

At 31 December 2024

5,241

NET BOOK VALUE

At 31 December 2024

34,549

At 31 December 2023

23,157

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

138,767

156,276

Other debtors

91,600

-

230,367

156,276

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,040

6,189

Trade creditors

157,176

144,820

Taxation and social security

122,801

138,509

Other creditors

27,990

95,033

325,007

394,551

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,167

14,167

Hire purchase contracts

15,263

7,029

19,430

21,196

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

A R Collier has made a long term loan to the company, to enable the company to undertake larger contracts and facilitate business expansion.