0 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09881874 2024-04-01 2025-03-31 09881874 2025-03-31 09881874 2024-03-31 09881874 2023-04-01 2024-03-31 09881874 2024-03-31 09881874 2023-03-31 09881874 bus:RegisteredOffice 2024-04-01 2025-03-31 09881874 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 09881874 bus:Director1 2024-04-01 2025-03-31 09881874 bus:Director2 2024-04-01 2025-03-31 09881874 bus:Director3 2024-04-01 2025-03-31 09881874 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09881874 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09881874 core:WithinOneYear 2025-03-31 09881874 core:WithinOneYear 2024-03-31 09881874 core:AfterOneYear 2025-03-31 09881874 core:AfterOneYear 2024-03-31 09881874 core:ShareCapital 2025-03-31 09881874 core:ShareCapital 2024-03-31 09881874 core:RetainedEarningsAccumulatedLosses 2025-03-31 09881874 core:RetainedEarningsAccumulatedLosses 2024-03-31 09881874 core:ShareCapital 2023-03-31 09881874 core:RetainedEarningsAccumulatedLosses 2023-03-31 09881874 core:PreviouslyStatedAmount core:ShareCapital 2025-03-31 09881874 bus:SmallEntities 2024-04-01 2025-03-31 09881874 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09881874 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09881874 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09881874 bus:FullAccounts 2024-04-01 2025-03-31
Company registration number: 09881874
TPS ( LUTON ) LTD
Unaudited filleted financial statements
31 March 2025
Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London, E14 9YQ
TPS ( LUTON ) LTD
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
TPS ( LUTON ) LTD
Directors and other information
Directors D Westcott
A Westcott
J Hurley
Company number 09881874
Registered office 16 Park Street
Luton
LU1 3EP
Business address 16 Park Street
Luton
LU1 3EP
Accountants Pearlman Rose
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
E148SH
TPS ( LUTON ) LTD
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 4 402,455 392,944
Cash at bank and in hand 5,336 11,009
_______ _______
407,791 403,953
Creditors: amounts falling due
within one year 5 ( 4,542) ( 9,800)
_______ _______
Net current assets 403,249 394,153
_______ _______
Total assets less current liabilities 403,249 394,153
Creditors: amounts falling due
after more than one year 6 ( 66,478) ( 67,390)
_______ _______
Net assets 336,771 326,763
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 336,770 326,762
_______ _______
Shareholders funds 336,771 326,763
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
A Westcott
Director
Company registration number: 09881874
TPS ( LUTON ) LTD
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2023 1 312,089 312,090
Profit for the year 14,673 14,673
_______ _______ _______
Total comprehensive income for the year - 14,673 14,673
_______ _______ _______
At 31 March 2024 and 1 April 2024 1 326,762 326,763
Profit for the year 10,008 10,008
_______ _______ _______
Total comprehensive income for the year - 10,008 10,008
_______ _______ _______
At 31 March 2025 1 336,770 336,771
_______ _______ _______
TPS ( LUTON ) LTD
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is TPS (Luton) LTD, 16 Park Street, Luton, LU1 3EP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2025 2024
£ £
Other debtors 402,455 392,944
_______ _______
5. Creditors: amounts falling due within one year
2025 2024
£ £
Corporation tax 3,042 8,225
Other creditors 1,500 1,575
_______ _______
4,542 9,800
_______ _______
6. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 66,478 67,390
_______ _______
7. Related party transactions
At the balance sheet date, an amount of £402,455 was due from Chapel Green Properties Ltd(2024: £392,944), a company of which Mr D Westcott , Mr A Westcott and Ms J Hurley aredirectors.At the balance sheet date, an amount of £66,478 was due to The Property Shop Luton Ltd (2024:£67,390), a company of which Mr D Westcott , Mr A Westcott and Ms J Hurley are directors.