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Registered number: 07932957
TCS Micropumps Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
JENNIFER M RICHARDSON LIMITED
32 Station Road
Rainham
Gillingham
Kent
ME8 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07932957
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203,780 222,828
203,780 222,828
CURRENT ASSETS
Stocks 5 1,431,785 1,364,981
Debtors 6 1,007,588 615,183
Cash at bank and in hand 143,554 202,016
2,582,927 2,182,180
Creditors: Amounts Falling Due Within One Year 7 (422,127 ) (476,755 )
NET CURRENT ASSETS (LIABILITIES) 2,160,800 1,705,425
TOTAL ASSETS LESS CURRENT LIABILITIES 2,364,580 1,928,253
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (3,190 ) -
NET ASSETS 2,361,390 1,928,253
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Profit and Loss Account 2,351,390 1,918,253
SHAREHOLDERS' FUNDS 2,361,390 1,928,253
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Weatherley
Director
08/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TCS Micropumps Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07932957 . The registered office is Highfield, Faversham Road, Faversham, Kent, ME13 0SF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold straight line over 10 years
Plant & Machinery 25% reducing balance and 50% straight line
Motor Vehicles 25% on reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Overhead and Administration 12 12
Production 14 12
26 24
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 363,891 188,527 28,158 580,576
Additions - 26,310 - 26,310
As at 31 December 2024 363,891 214,837 28,158 606,886
Depreciation
As at 1 January 2024 205,900 138,290 13,558 357,748
Provided during the period 22,570 19,138 3,650 45,358
As at 31 December 2024 228,470 157,428 17,208 403,106
Net Book Value
As at 31 December 2024 135,421 57,409 10,950 203,780
As at 1 January 2024 157,991 50,237 14,600 222,828
5. Stocks
2024 2023
£ £
Stock 1,431,785 1,364,981
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 831,064 448,025
Other debtors 58,535 75,224
VAT - 4,591
Directors' loan accounts 117,989 87,343
1,007,588 615,183
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 219,065 295,595
Bank loans and overdrafts 37,135 60,864
Corporation tax 73,728 64,924
Other taxes and social security 46,951 41,140
VAT 37,705 -
Other creditors 7,543 14,232
422,127 476,755
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 3,190 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 34,800 34,800
Later than one year and not later than five years 139,200 139,200
Later than five years 34,800 69,600
208,800 243,600
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Richard Weatherley 87,343 30,646 - - 117,989
The above loan is unsecured, interest free and repayable on demand.
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12. Related Party Transactions
Mr and Mrs WeatherleyDirectors of the companyRent charged for the year £40338 ( 2023 £34800 ) , Utilities charged for the year £21600 ( 2023 £18000 )

Mr and Mrs Weatherley

Directors of the company

Rent charged for the year £40338 ( 2023 £34800 ) , Utilities charged for the year £21600 ( 2023 £18000 )

Weatherley Designs LimitedOwned by Mr and Mrs Weatherley , directors of the companyConsutlancy fees charged to the company £210636 ( 2023 £ 203611 )

Weatherley Designs Limited

Owned by Mr and Mrs Weatherley , directors of the company

Consutlancy fees charged to the company £210636 ( 2023 £ 203611 )

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