REGISTERED NUMBER: 13506948 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

OUR THSP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K C Fear

Mr K A J Harvey

Mr J B Thoday

Mr C A Ivey

Mrs M M Hartley

REGISTERED OFFICE:

C/O The Health & Safety People Ltd

Unit F Mile Road

Bedford Business Centre

Bedford

Bedfordshire

MK42 9TW

REGISTERED NUMBER:

13506948 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde Limited

Chartered Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

FIXED ASSETS

Intangible assets

4

992,251

1,146,301

Investments

5

39,360

39,360

1,031,611

1,185,661

CURRENT ASSETS

Debtors

6

1

1

CREDITORS

Amounts falling due within one year

7

1,365,460

1,151,060

NET CURRENT LIABILITIES

(1,365,459

)

(1,151,059

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(333,848

)

34,602

CREDITORS

Amounts falling due after more than one year

8

214,400

428,800

NET LIABILITIES

(548,248

)

(394,198

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(548,249

)

(394,199

)

(548,248

)

(394,198

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:

Mr K A J Harvey - Director

1.	STATUTORY INFORMATION

Our THSP Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors and trustees consider the use of the going concern basis of accounting appropriate because there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The directors of the subsidiary company, The Health & Safety People Limited, have agreed to support the company to ensure it has adequate financial resources to continue in operational existence for the foreseeable future.

Preparation of consolidated financial statements

The financial statements contain information about Our THSP Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,540,500

AMORTISATION

At 1 April 2024

394,199

Amortisation for year

154,050

At 31 March 2025

548,249

NET BOOK VALUE

At 31 March 2025

992,251

At 31 March 2024

1,146,301

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

39,360

NET BOOK VALUE

At 31 March 2025

39,360

At 31 March 2024

39,360

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

1

1

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 9)

214,400

214,400

Amounts owed to group undertakings

1,151,060

936,660

1,365,460

1,151,060

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 9)

214,400

428,800

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Other loans

214,400

214,400

Amounts falling due between one and two years:

Other loans - 1-2 years

214,400

214,400

Amounts falling due between two and five years:

Other loans - 2-5 years

-

214,400

10.	RELATED PARTY DISCLOSURES

On 9 September 2021 70% of the ordinary shareholding of The Health & Safety People Limited (Company No. 02730817 registered in England and Wales) was purchased under an Employee Ownership Trust scheme.

As at 31 March 2025 an amount was owed by the company to The Health & Safety People Limited amounting to £1,151,060 (2024: £936,660).