Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01 false No description of principal activity 37 31 true false 07245115 2024-04-01 2025-03-31 07245115 2023-04-01 2024-03-31 07245115 2025-03-31 07245115 2024-03-31 07245115 c:Director1 2024-04-01 2025-03-31 07245115 d:PlantMachinery 2024-04-01 2025-03-31 07245115 d:PlantMachinery 2025-03-31 07245115 d:PlantMachinery 2024-03-31 07245115 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07245115 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07245115 d:MotorVehicles 2024-04-01 2025-03-31 07245115 d:MotorVehicles 2025-03-31 07245115 d:MotorVehicles 2024-03-31 07245115 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07245115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07245115 d:FurnitureFittings 2024-04-01 2025-03-31 07245115 d:FurnitureFittings 2025-03-31 07245115 d:FurnitureFittings 2024-03-31 07245115 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07245115 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07245115 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 07245115 d:OtherPropertyPlantEquipment 2025-03-31 07245115 d:OtherPropertyPlantEquipment 2024-03-31 07245115 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07245115 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07245115 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07245115 d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 07245115 d:CurrentFinancialInstruments 2025-03-31 07245115 d:CurrentFinancialInstruments 2024-03-31 07245115 d:Non-currentFinancialInstruments 2025-03-31 07245115 d:Non-currentFinancialInstruments 2024-03-31 07245115 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07245115 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07245115 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 07245115 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07245115 d:ShareCapital 2025-03-31 07245115 d:ShareCapital 2024-03-31 07245115 d:RetainedEarningsAccumulatedLosses 2025-03-31 07245115 d:RetainedEarningsAccumulatedLosses 2024-03-31 07245115 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-04-01 2025-03-31 07245115 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-03-31 07245115 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-03-31 07245115 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07245115 c:OrdinaryShareClass1 2025-03-31 07245115 c:OrdinaryShareClass1 2024-03-31 07245115 c:FRS102 2024-04-01 2025-03-31 07245115 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07245115 c:FullAccounts 2024-04-01 2025-03-31 07245115 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07245115 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 07245115 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07245115 d:RetirementBenefitObligationsDeferredTax 2025-03-31 07245115 d:RetirementBenefitObligationsDeferredTax 2024-03-31 07245115 2 2024-04-01 2025-03-31 07245115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-03-31 07245115 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 07245115 d:LeasedAssetsHeldAsLessee 2025-03-31 07245115 d:LeasedAssetsHeldAsLessee 2024-03-31 07245115 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07245115 TOTAL METAL PRODUCTS LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
TOTAL METAL PRODUCTS LIMITED REGISTERED NUMBER: 07245115 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 301,164 |  | 412,085
|  |  | 301,164 |  | 412,085
Current assets |  |  |  |  |
Stocks |  | 371,098 |  | 354,483 |
Debtors: amounts falling due within one year | 5 | 1,552,002 |  | 636,636 |
Cash at bank and in hand |  | 289,732 |  | 858,056 |
|  | 2,212,832 |  | 1,849,175 |
Creditors: amounts falling due within one year | 6 | (1,658,580) |  | (982,142) |
Net current assets |  |  | 554,252 |  | 867,033
Total assets less current liabilities |  |  | 855,416 |  | 1,279,118
Creditors: amounts falling due after more than one year | 7 |  | (27,316) |  | (217,704)
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (48,112) |  | (74,369) |
Other provisions | 9 | (10,067) |  | (10,855) |
|  |  | (58,179) |  | (85,224)
Net assets |  |  | 769,921 |  | 976,190
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 1,000 |  | 1,000
Profit and loss account |  |  | 768,921 |  | 975,190
|  |  | 769,921 |  | 976,190
Page 1
TOTAL METAL PRODUCTS LIMITED REGISTERED NUMBER: 07245115 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 October 2025.
S D Richards
Director
The notes on pages 3 to 12 form part of these financial statements. Page 2
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 07245115. The Company's registered office is Unit 2 Hawthorn Business Park, Puddlebrook, Drybrook, Glos, United Kingdom, GL17 9HP. The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. Cash flow Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.
| 2.2 | Going concern
The directors have prepared the accounts on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 3
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.7 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.
| 2.8 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.10 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.11 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 5
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.12 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 15% | straight line
|  |  |  | Motor vehicles | - | 25% | straight line
|  |  |  | Fixtures and fittings | - | 25% | straight line
|  |  |  | Improvements to property | - | 4% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.13 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.14 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.15 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.16 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.17 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.18 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 37 (2024 - 31).
Page 7
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures and fittings | Improvements to property | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 April 2024 | 662,298 | 360,706 | 54,007 | 163,747 | 1,240,758
| Additions | 42,194 | - | - | - | 42,194
| At 31 March 2025 | 704,492 | 360,706 | 54,007 | 163,747 | 1,282,952
| Depreciation |  |  |  |  |
| At 1 April 2024 | 512,890 | 224,653 | 47,761 | 43,369 | 828,673
| Charge for the year on owned assets | 61,888 | - | 3,045 | 6,549 | 71,482
| Charge for the year on financed assets | - | 81,633 | - | - | 81,633
| At 31 March 2025 | 574,778 | 306,286 | 50,806 | 49,918 | 981,788
| Net book value |  |  |  |  |
| At 31 March 2025 | 129,714 | 54,420 | 3,201 | 113,829 | 301,164
| At 31 March 2024 | 149,407 | 136,054 | 6,246 | 120,378 | 412,085
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 54,420 | 136,053
|  | 54,420 | 136,053
Page 8
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,535,233 | 596,860
| Prepayments and accrued income | 16,769 | 39,776
|  | 1,552,002 | 636,636
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 287,043 | 227,296
| Amounts owed to group undertakings | 498,000 | 412,000
| Corporation tax | 96,127 | 60,000
| Other taxation and social security | 149,975 | 43,846
| Obligations under finance lease and hire purchase contracts | 176,822 | 44,726
| Other creditors | 7,689 | 5,912
| Accruals and deferred income | 442,924 | 188,362
|  | 1,658,580 | 982,142
| Details of security provided: Bank overdrafts are secured by a debenture incorporating a fixed and floating charge over all the property or undertaking of the company held by National Westminster Bank PLC. Obligations under finance lease and hire purchase contracts are secured against the asset to which they relate.
Page 9
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | - | 176,822
| Other creditors | 27,316 | 40,882
|  | 27,316 | 217,704
| Details of security provided: Obligations under finance lease and hire purchase contracts are secured against the asset to which they relate.
8. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (74,369)
| Charged to profit or loss | 26,257
| At end of year | (48,112)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (48,440) | (74,608)
| Pension surplus | 328 | 239
|  | (48,112) | (74,369)
Page 10
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Provisions
|  | Warranty provision
|  | £
| At 1 April 2024 | 10,855
| Utilised in year | (789)
| At 31 March 2025 | 10,066
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1,000 (2024 - 1,000) Ordinary shares of £1.00 each | 1,000 | 1,000
11. | Contingent liabilities
The company, along with other group companies, has total guarantees of £990,107 (2024 - £Nil) at the balance sheet date in respect of being a guarantor to the mortgage held by the immediate parent company which is secured over the freehold property to which it relates.
12. | Pension commitments
The Company operates defined contributions pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. Contributions totalling £3,500 (2024 -£2,550) were payable to the funds at the balance sheet date and are included in creditors. 13.Other financial commitments The company had total commitments at the balance sheet date of £59,006 (2024 - £80,322).
14. | Related party transactions
| During the year the directors settled expenses of £1,500 (2024 - £Nil) on behalf of the company. As at 31 March 2025 £3,750 (2024 - £2,250) was due to directors of the company. The loans are interest free and repayable on demand.
Page 11
TOTAL METAL PRODUCTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
15. | Controlling party
The immediate parent company is TMP Group Limited a company registered in England and Wales. Since 29 October 2024 the ultimate parent company has been TMP Group Holdings Limited a company registered in England and Wales. The registered office of both the immediate and the ultimate parent company is Unit 2, Hawthorn Business Park, Puddlebrook, Drybrook, Gloucestershire, GL17 9HP.
Page 12