T.P. Enterprises Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01999397 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

T.P. Enterprises Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Taylor

L Taylor MBE

S C Taylor

SECRETARY:

B O'Hare

REGISTERED OFFICE:

Meadowfield Avenue

Green Lane Industrial Estate

Spennymoor

County Durham

DL16 6YJ

REGISTERED NUMBER:

01999397 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

318,892

333,106

Investments

5

75,000

393,892

408,106

CURRENT ASSETS

Debtors

409,984

405,390

Cash at bank

1,223,628

1,217,258

1,633,612

1,622,648

CREDITORS

Amounts falling due within one year

(172,735

)

(195,575

)

NET CURRENT ASSETS

1,460,877

1,427,073

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,854,769

1,835,179

CREDITORS

Amounts falling due after more than one
year

(4,608

)

(37,804

)

PROVISIONS FOR LIABILITIES

8

(34,542

)

(36,373

)

NET ASSETS

1,815,619

1,761,002

CAPITAL AND RESERVES

Called up share capital

13,757

Capital redemption reserve

11,250

Retained earnings

1,790,612

1,735,995

1,815,619

1,761,002

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

S C Taylor - Director

1.	STATUTORY INFORMATION

T.P. Enterprises 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those conducted at market rate.

Turnover

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

Income recognition

Income is recognised upon completion of the service.

Tangible fixed assets

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

Freehold property and land

-

2% on cost and not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

No depreciation has been charged on the land aspect of the freehold property as the value is not expected to diminish.

Tangible fixed assets are held at cost less accumulated depreciation and impairment.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Group exemption

The financial statements contain information about T.P. Enterprises Limited as an individual company, and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 398 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries and joint ventures

Investment in subsidiary undertakings and joint ventures are recognised at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

809,666

Additions

21,473

At 31 March 2025

831,139

DEPRECIATION

At 1 April 2024

476,560

Charge for year

35,687

At 31 March 2025

512,247

NET BOOK VALUE

At 31 March 2025

318,892

At 31 March 2024

333,106

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

Totals

£

COST

At 1 April 2024

175,102

Transfer to ownership

(52,467

)

At 31 March 2025

122,635

DEPRECIATION

At 1 April 2024

81,298

Charge for year

14,396

Transfer to ownership

(40,795

)

At 31 March 2025

54,899

NET BOOK VALUE

At 31 March 2025

67,736

At 31 March 2024

93,804

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

75,000

NET BOOK VALUE

At 31 March 2025

75,000

At 31 March 2024

75,000

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

32,730

30,968

Between one and five years

4,608

37,804

37,338

68,772

Non-cancellable

operating leases

2025

2024

£

Within one year

7,393

11,212

Between one and five years

-

7,393

18,605

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

37,338

68,772

Hire purchase contracts are secured on the assets to which they relate.

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

34,542

36,373

Deferred

tax

£

Balance at 1 April 2024

36,373

Accelerated capital allowances

(1,831

)

Balance at 31 March 2025

34,542

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

S C Taylor and L Taylor MBE

Balance outstanding at start of year

(41,415

)

(21,683

)

Amounts advanced

203,135

148,268

Amounts repaid

(168,000

)

(168,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(6,280

)

(41,415

)

A Taylor

Balance outstanding at start of year

165,180

59,498

Amounts advanced

276,981

154,882

Amounts repaid

(208,944

)

(49,200

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

233,217

165,180

No interest has been charged.

10.	RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions other than those listed below

2025

2024

£

Balance owed from joint venture

1,134

113,484

No interest has been charged.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

13,750

A Ordinary

£1

13,750

2

B Ordinary

£1

2

1

C Ordinary

£1

1

D Ordinary

£1

1

E Ordinary

£1

1

F Ordinary

£1

1

G Ordinary

£1

1

13,757