REGISTERED NUMBER: 11453112 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

TP Aerospace Technics UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N L Jacobsen

T Torpe

REGISTERED OFFICE:

Unit 3-5, Willow Road

Trent Lane Industrial Estate

Castle Donington

Derby

DE74 2NP

REGISTERED NUMBER:

11453112 (England and Wales)

SENIOR STATUTORY AUDITOR:

Caroline Peverett BA FCA

AUDITORS:

Tuerner Audit Limited

Bridge House

Old Grantham Road

Whatton

Nottingham

NG13 9FG

FIXED ASSETS

Tangible assets

5

376,523

550,876

CURRENT ASSETS

Stocks

766,870

791,624

Debtors

6

1,437,547

284,875

Cash at bank

54,150

24,651

2,258,567

1,101,150

CREDITORS

Amounts falling due within one year

7

2,468,303

1,601,292

NET CURRENT LIABILITIES

(209,736

)

(500,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

166,787

50,734

PROVISIONS FOR LIABILITIES

87,676

33,913

NET ASSETS

79,111

16,821

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

79,108

16,818

SHAREHOLDERS' FUNDS

79,111

16,821

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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

N L Jacobsen - Director

1.	STATUTORY INFORMATION

TP Aerospace Technics UK 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.

The presentation currency of the financial statements is the US Dollar ($).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Revenue is recognised as goods are supplied to customers or with reference to the time of performance of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost, 10% on cost and at varying rates on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated directly per item in accordance with industry regulations and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

$

COST

At 1 January 2024

and 31 December 2024

1,605,393

DEPRECIATION

At 1 January 2024

1,054,517

Charge for year

174,353

At 31 December 2024

1,228,870

NET BOOK VALUE

At 31 December 2024

376,523

At 31 December 2023

550,876

6.

DEBTORS

31.12.24

31.12.23

$

$

Amounts falling due within one year:

Trade debtors

-

27,663

Amounts owed by group undertakings

1,201,617

15,610

Other debtors

140,276

145,120

1,341,893

188,393

Amounts falling due after more than one year:

Other debtors

95,654

96,482

Aggregate amounts

1,437,547

284,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Trade creditors

163,935

85,744

Amounts owed to group undertakings

1,961,456

1,242,806

Taxation and social security

67,034

24,984

Other creditors

275,878

247,758

2,468,303

1,601,292

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

$

$

Within one year

200,377

201,830

Between one and five years

-

201,830

200,377

403,660

Differences between current year and comparative figures result from currency translation.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

$

$

2

Ordinary

1.33

3

3

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)

for and on behalf of Tuerner Audit Limited

11.	PARENT COMPANY

The directors understand that the parent company for the smallest group for which consolidated accounts are prepared is TP Aerospace Holding A/S (a company registered in Denmark) whose registered office is at:

Kirsten Walthers Vej 12

2500 Valby

Denmark

The ultimate parent company is TPA Holding I A/S (a company registered in Denmark).