REGISTERED NUMBER: 13852206 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

T. K. PROPS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T M Kyte

REGISTERED OFFICE:

67 Newland Street

Witham

Essex

CM8 1AA

REGISTERED NUMBER:

13852206 (England and Wales)

ACCOUNTANTS:

Wilson Devenish

67 Newland Street

Witham

Essex

CM8 1AA

FIXED ASSETS

Tangible assets

4

20,925

29,298

CURRENT ASSETS

Debtors

5

57,692

11,096

Cash at bank

21,659

11,765

79,351

22,861

CREDITORS

Amounts falling due within one year

6

52,780

31,444

NET CURRENT ASSETS/(LIABILITIES)

26,571

(8,583

)

TOTAL ASSETS LESS CURRENT LIABILITIES

47,496

20,715

CREDITORS

Amounts falling due after more than one year

7

(7,667

)

(12,267

)

PROVISIONS FOR LIABILITIES

(5,231

)

(7,325

)

NET ASSETS

34,598

1,123

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,498

1,023

SHAREHOLDERS' FUNDS

34,598

1,123

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 October 2025 and were signed by:

T M Kyte - Director

1.	STATUTORY INFORMATION

T. K. Props 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

-

20% on reducing balance and 20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

9,198

33,500

833

43,531

Additions

-

-

833

833

Disposals

-

-

(833

)

(833

)

At 31 January 2025

9,198

33,500

833

43,531

DEPRECIATION

At 1 February 2024

1,840

12,060

333

14,233

Charge for year

1,839

6,700

334

8,873

Eliminated on disposal

-

-

(500

)

(500

)

At 31 January 2025

3,679

18,760

167

22,606

NET BOOK VALUE

At 31 January 2025

5,519

14,740

666

20,925

At 31 January 2024

7,358

21,440

500

29,298

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

Motor

vehicles

£

COST

At 1 February 2024

and 31 January 2025

33,500

DEPRECIATION

At 1 February 2024

12,060

Charge for year

6,700

At 31 January 2025

18,760

NET BOOK VALUE

At 31 January 2025

14,740

At 31 January 2024

21,440

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,557

6,110

Other debtors

46,135

4,986

57,692

11,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

4,600

4,600

Taxation and social security

45,563

24,312

Other creditors

2,617

2,532

52,780

31,444

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,667

12,267