Company registration number 05188030 (England and Wales)
TPT FIRE PROJECTS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
TPT FIRE PROJECTS LIMITED
COMPANY INFORMATION
Directors
Mr D W Beaumont
Ms A E Rayden
Mr R F Thompson
Mr S J Thompson
Secretary
Ms S L Thompson
Mr S J Thompson
Company number
05188030
Registered office
Avocet House
Aviary Court
Wade Road
Basingstoke
Hampshire
RG24 8PE
Auditor
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
TPT FIRE PROJECTS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Statement of income and retained earnings
7
Balance sheet
8
Statement of cash flows
9
Notes to the financial statements
10 - 23
Detailed profit and loss account
24 - 26
TPT FIRE PROJECTS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The directors present the strategic report for the year ended 31 August 2025.

Review of the business

TPT Fire Projects principal activities continue to be sprinkler design, fit-out and alterations of fire protection systems, in Retail, Industrial and Commercial properties.

TPT Fire Projects results for the financial year were as follows:

This period's sales increased to £23.4m (202 4: £13.8 m) and profit before tax was £3.3 m (2024: £0.6m). The overall results were higher than predicted by the Directors.

The initial few months of the new financial year show that TPT Fire Projects is continuing to perform well and we can see increased levels compared to the last financial year. We are confident that we will continue to have another profitable year.

TPT Fire Projects continues to closely monitor their working capital and we have introduced more measures to efficiently manage this and therefore this will reflect in the cash position of TPT Fire Projects.

Our continuing success and excellent reputation gained in the market has allowed us to retain and attract the best personnel in the market. TPT Fire Projects are continuing to recruit personnel across all departments, in particular the design department is one of the largest in house design offices within the sprinkler industry this allows us to be extremely flexible when securing contracts where our competitors do not have this flexibility to take on new workload as their subcontract design philosophy does not mean they have this flexibility, and their approach is very rigid when taking on new work.

Principal risks and uncertainties

TPT Fire Projects operates in a sector that is directly impacted by wider economic activity. The success of TPT Fire Projects is dependent predominantly on commercial property development in the UK. Any slowdown in the economy could have an impact. The Company looks to mitigate this risk by increasing its customer base and widening the size of projects that it takes on so that any exposure to difficulties in specific clients or sectors is reduced.

Development and performance

The company is exposed to health and safety risks. As such, a comprehensive approach to mitigating those risks is carried out on a continuous basis, in-house as well as obtaining expert external consultancy advice.

Our dedicated experienced Health and Safety Manager and related team members ensures that the Group risk is mitigated.

On behalf of the board

Mr S J Thompson
Director
6 March 2026
TPT FIRE PROJECTS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 August 2025.

Principal activities

The principal activity of the company continued to be that of installation of fire security.

Results and dividends

The results for the year are set out on page 7.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D W Beaumont
Ms A E Rayden
Mr R F Thompson
Mr S J Thompson
Auditor

In accordance with the company's articles, a resolution proposing that Kirk Rice LLP be reappointed as auditor of the company will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

TPT FIRE PROJECTS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
On behalf of the board
Mr S J Thompson
Director
6 March 2026
TPT FIRE PROJECTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF TPT FIRE PROJECTS LIMITED
- 4 -
Opinion

We have audited the financial statements of TPT Fire Projects Limited (the 'company') for the year ended 31 August 2025 which comprise the statement of income and retained earnings, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

TPT FIRE PROJECTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TPT FIRE PROJECTS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our audit approach was developed by obtaining an understanding of the company's activities, the key functions undertaken on behalf of the Board by management and by service organisations, and the overall control environment. Based on this understanding we assessed those aspects of the company's transactions and balances which were most likely to give rise to a material misstatement and were most susceptible to irregularities including fraud or error. Specifically, we identified what we considered to be key audit risks and planned our approach accordingly.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company which were contrary to applicable laws and regulations, including fraud. These included but were not limited to compliance with the Companies Act 2006, FRS 102 and data protection laws. We have further considered and discussed with management compliance with rules and regulations surrounding fire safety standards such as the Fire Safety Act 2021 and the European standard for sprinklers BS EN 12845.

We designed audit procedures to respond to the risks, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentation or through collusion.

TPT FIRE PROJECTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF TPT FIRE PROJECTS LIMITED
- 6 -

Using the risk assessment, alongside our understanding of the company's business and their control environment, we considered our approach to ensure sufficient coverage was obtained across the entire financial statements. Our tests included, but were not limited to:

- Agreement of the financial statements disclosures to underlying supporting documentation.

- Reviewing revenue cut off around the year end for accrued and deferred income at the year end and obtaining evidence that revenue had been recognised in the correct period;

- Testing a sample of journal entries throughout the year, which met a defined risk criteria, by agreeing to supporting documentation;

- Assessing the recoverability to trade debtors to support the existence of the revenue recognised;

- Assessing significant estimates made by management for bias;

- Enquiries of management;

- Considering the effectiveness of control environment in monitoring compliance with laws and regulations;

- Addressing the risk of management override of internal controls by testing journals and evaluating bias.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all of our audits we addressed the risks relating to going concern, revenue recognition, management override of internal controls, as well as tailoring specific testing for risks of the overstatement of motor vehicles, incorrect valuation of work in progress, the incorrect recognition or omission of onerous contracts, the non-recoverability of trade debtors and recognition of costs in the wrong group company. We also tested the ledger for journals and evaluated whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

The company did not require an audit in the previous accounting period and the comparatives have not been audited. Where possible we have considered the appropriateness of the opening balances as part of the review of the current year figures.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Timothy Neale
Senior Statutory Auditor
For and on behalf of Kirk Rice LLP
13 March 2026
Statutory Auditor
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
TPT FIRE PROJECTS LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
23,099,129
13,813,273
Cost of sales
(14,066,848)
(8,964,445)
Gross profit
9,032,281
4,848,828
Administrative expenses
(6,439,424)
(4,277,765)
Other operating income
54,200
24,842
Operating profit
4
2,647,057
595,905
Interest receivable and similar income
8
10,505
7,279
Interest payable and similar expenses
9
(82,534)
(52,914)
Profit before taxation
2,575,028
550,270
Tax on profit
10
(850,884)
(179,826)
Profit for the financial year
1,724,144
370,444
Retained earnings brought forward
2,250,742
2,030,460
Dividends
11
-
0
(150,162)
Retained earnings carried forward
3,974,886
2,250,742

The profit and loss account has been prepared on the basis that all operations are continuing operations.

TPT FIRE PROJECTS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
12
39,656
-
0
Tangible assets
13
1,536,202
1,413,955
1,575,858
1,413,955
Current assets
Stocks
14
131,474
61,842
Debtors
16
7,868,268
5,096,010
Cash at bank and in hand
1,531,115
601,005
9,530,857
5,758,857
Creditors: amounts falling due within one year
17
(5,697,008)
(4,054,872)
Net current assets
3,833,849
1,703,985
Total assets less current liabilities
5,409,707
3,117,940
Creditors: amounts falling due after more than one year
18
(658,953)
(667,608)
Provisions for liabilities
Provisions
21
480,495
80,495
Deferred tax liability
22
295,273
118,995
(775,768)
(199,490)
Net assets
3,974,986
2,250,842
Capital and reserves
Called up share capital
24
100
100
Profit and loss reserves
3,974,886
2,250,742
Total equity
3,974,986
2,250,842

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 6 March 2026 and are signed on its behalf by:
Mr S J Thompson
Director
Company registration number 05188030 (England and Wales)
TPT FIRE PROJECTS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
1,967,971
826,433
Interest paid
(82,534)
(52,914)
Income taxes paid
(454,134)
(265,217)
Net cash inflow from operating activities
1,431,303
508,302
Investing activities
Purchase of intangible assets
(39,656)
-
0
Purchase of tangible fixed assets
(573,993)
(970,485)
Proceeds from disposal of tangible fixed assets
22,730
40,461
Interest received
10,501
17,849
Net cash used in investing activities
(580,418)
(912,175)
Financing activities
Repayment of bank loans
(30,255)
392,146
Payment of finance leases obligations
109,480
(65,716)
Dividends paid
-
0
(150,162)
Net cash generated from financing activities
79,225
176,268
Net increase/(decrease) in cash and cash equivalents
930,110
(227,605)
Cash and cash equivalents at beginning of year
601,005
828,610
Cash and cash equivalents at end of year
1,531,115
601,005
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 10 -
1
Accounting policies
Company information

TPT Fire Projects Limited is a private company limited by shares incorporated in England and Wales. The registered office is Avocet House, Aviary Court, Wade Road, Basingstoke, Hampshire, RG24 8PE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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 amounts 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.

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.

Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
10% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 11 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Plant and equipment
25% straight line
Fixtures and fittings
25% straight line
Computers
25% straight line
Motor vehicles
30% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 12 -
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 13 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 14 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue recognition

Management applies judgement when assessing the percentage of completion of customer contracts, taking into account the most reliable evidence available at each reporting date. The future realisation of these amounts may be affected by future outcome of these contracts. Provisions are made for any losses which are foreseen.

3
Turnover and other revenue

The company's turnover relates to design and installation of fire safety systems. All turnover arises in the United Kingdom.

2025
2024
£
£
Other revenue
Interest income
10,505
7,279
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange losses
2
-
0
Depreciation of owned tangible fixed assets
435,451
345,138
Profit on disposal of tangible fixed assets
(6,435)
(17,271)
Operating lease charges
207,443
126,186
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 15 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
8,700
8,250
For other services
Taxation compliance services
2,250
2,500
All other non-audit services
1,250
1,000
3,500
3,500
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Administrative
46
31
Engineering
15
16
Directors
4
4
Total
65
51

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
4,035,896
3,109,020
Social security costs
465,840
382,815
Pension costs
78,778
49,552
4,580,514
3,541,387
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
807,149
985,010
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
7
Directors' remuneration
(Continued)
- 16 -
Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
398,219
367,810
Company pension contributions to defined contribution schemes
14,179
4,961
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
10,505
7,279
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
10,505
7,279
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
25,056
11,510
Other finance costs:
Interest on finance leases and hire purchase contracts
46,129
41,404
Other interest
11,349
-
0
82,534
52,914
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
641,165
192,434
Adjustments in respect of prior periods
33,441
-
0
Total current tax
674,606
192,434
Deferred tax
Origination and reversal of timing differences
176,278
(12,608)
Total tax charge
850,884
179,826
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
10
Taxation
(Continued)
- 17 -

Of the closing deferred tax liability shown above, £104k (2024: £72k) is expected to reverse in the year following these financial statements, based on anticipated depreciation and writing down allowances on existing fixed assets.

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,575,028
550,270
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
643,757
137,568
Tax effect of expenses that are not deductible in determining taxable profit
141,090
103,958
Adjustments in respect of prior years
33,441
-
0
Permanent capital allowances in excess of depreciation
32,596
(61,700)
Taxation charge for the year
850,884
179,826
11
Dividends
2025
2024
£
£
Interim paid
-
0
150,162
12
Intangible fixed assets
Software
£
Cost
At 1 September 2024
-
0
Additions
39,656
At 31 August 2025
39,656
Amortisation and impairment
At 1 September 2024 and 31 August 2025
-
0
Carrying amount
At 31 August 2025
39,656
At 31 August 2024
-
0
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 18 -
13
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 September 2024
648,026
56,507
232,901
143,974
1,167,667
2,249,075
Additions
-
0
13,984
30,417
100,098
429,494
573,993
Disposals
-
0
(307)
-
0
-
0
(204,751)
(205,058)
At 31 August 2025
648,026
70,184
263,318
244,072
1,392,410
2,618,010
Depreciation and impairment
At 1 September 2024
-
0
40,152
119,757
84,087
591,124
835,120
Depreciation charged in the year
-
0
8,564
42,894
35,786
348,207
435,451
Eliminated in respect of disposals
-
0
(110)
-
0
-
0
(188,653)
(188,763)
At 31 August 2025
-
0
48,606
162,651
119,873
750,678
1,081,808
Carrying amount
At 31 August 2025
648,026
21,578
100,667
124,199
641,732
1,536,202
At 31 August 2024
648,026
16,355
113,144
59,887
576,543
1,413,955

During the year, the company held tangible fixed assets under hire purchase arrangements with a net book value of £633,331 (2024: £568,383).

The total carrying amount of the freehold land and buildings relates to a property which is rented to another group entity.

14
Stocks
2025
2024
£
£
Finished goods and goods for resale
131,474
61,842
15
Construction contracts
2025
2024
£
£
Contract revenues recognised
Contract costs incurred plus recognised profits less recognised losses to date
23,099,129
13,813,273
Less: progress billing
(14,629,104)
(7,201,103)
8,470,025
6,612,170
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
15
Construction contracts
(Continued)
- 19 -

The entity uses the percentage of completion as a method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the date of the reporting period as a percentage of total estimated costs for each contract.

Management applies judgement when assessing the estimated remaining costs of construction contracts, taking into account the most reliable evidence available at each reporting date.

Included within current assets on the balance sheet is an amount of £3.4m (2024: £2.4m) due from customers for contract work.

16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,784,510
1,355,904
Amounts owed by group undertakings
1,114,142
353,301
Other debtors
1,287,364
757,298
Prepayments and accrued income
3,682,252
2,629,507
7,868,268
5,096,010
17
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans
19
33,427
41,298
Obligations under finance leases
20
288,317
192,566
Trade creditors
3,693,241
2,509,205
Corporation tax
373,295
152,823
Other taxation and social security
11,884
79,249
Other creditors
311,009
182,163
Accruals and deferred income
985,835
897,568
5,697,008
4,054,872
18
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
19
328,464
350,848
Obligations under finance leases
20
330,489
316,760
658,953
667,608
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 20 -
19
Loans and overdrafts
2025
2024
£
£
Bank loans
361,891
392,146
Payable within one year
33,427
41,298
Payable after one year
328,464
350,848

The long-term loans relate to the mortgage on Sandpiper House. The bank loans are secured by the company's land and buildings which have a carrying value of £648,026 (2024: £648,026).

The mortgage consists of a fixed element and a variable element. Both components are payable in instalments over 10 years.

20
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
288,317
192,566
In two to five years
330,489
316,760
618,806
509,326

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

21
Provisions for liabilities
2025
2024
£
£
Retentions
80,495
80,495
Settlement and remediation
400,000
-
480,495
80,495
Movements on provisions:
Retentions
Settlement and remediation
Total
£
£
£
At 1 September 2024
80,495
-
80,495
Additional provisions in the year
-
400,000
400,000
At 31 August 2025
80,495
400,000
480,495
TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
21
Provisions for liabilities
(Continued)
- 21 -

Retentions

The provision relates to retentions payable under customer contracts for consideration of the recoverability of the year end retentions. Settlement is expected to occur in accordance with contractual retention periods. The amount recognised represents the directors’ best estimate of the expected outflow at the balance sheet date.

Settlement and remediation

The provision relates to a matter arising from events occurring events prior to the year end. A settlement provision has been recognised in the financial and is expected to be paid within 12 months of the year end, although the exact timing of payments is although the exact timing of payments is unconfirmed as at the date of approval of the financial statements. The amount recognised represents the directors’ best estimate of the expected outflow at the balance sheet date.

22
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
295,273
118,995
2025
Movements in the year:
£
Liability at 1 September 2024
118,995
Charge to profit or loss
176,278
Liability at 31 August 2025
295,273

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

23
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
78,778
49,552

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the company contributed £78,77 8 (2024: £49,55 2). There were outstanding contribution s at the reporting date of £6,027 (2024: £4,595).

TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 22 -
24
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
25
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
30,501
6,082
Between two and five years
79,127
-
109,628
6,082
Lessor

The operating leases represent leases of property to fellow group companies. This does not represent investment property under FRS102 due to the property being rented to another group entity, and therefore for group purposes, it is held under Freehold Property.

The operating leases represent leases of property to a fellow group company. This does not represent investment property under FRS102 guidance due to the property being rented to another group entity, and therefore for group purposes, it is held under Freehold Property.

At the reporting end date the company had contracted with a fellow group company for the following minimum lease payments:

2025
2024
£
£
Within one year
54,200
54,200
Between two and five years
149,050
203,250
203,250
257,450
26
Events after the reporting date

Subsequent to the reporting date, a settlement has been agreed in relation to events that occurred during the reporting period. The settlement has been provided in the financial statements and is expected to be paid within 12 months of the reporting date, although the exact timing of payments is unconfirmed as at the date of approval of the financial statements. The amount recognised represents the directors’ best estimate of the expected outflow at the balance sheet date.

TPT FIRE PROJECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 23 -
27
Ultimate controlling party

The Company is a subsidiary undertaking of TPT Fire Systems Group Ltd which is also the parent undertaking of the smallest and largest group of undertakings for which group accounts are drawn up of which the Company is a member. TPT Fire Systems Group Ltd is incorporated in England and Wales and its registered office is Avocet House Aviary Court, Wade Road, Basingstoke, Hampshire, RG24 8PE.

The consolidated group accounts for TPT Fire Systems Group Ltd may be obtained from their registered office address.

The ultimate parent company is also TPT Fire Systems Group Ltd (Co Reg 05189142) whose registered office is Avocet House, Aviary Court, Wade Road, Basingstoke,Hampshire, RG24 8PE.

28
Cash generated from operations
2025
2024
£
£
Profit for the year after tax
1,724,144
370,444
Adjustments for:
Taxation charged
850,884
179,826
Finance costs
82,534
52,914
Investment income
(10,505)
(7,279)
Gain on disposal of tangible fixed assets
(6,435)
(17,271)
Depreciation and impairment of tangible fixed assets
435,451
345,138
Increase in provisions
400,000
-
Movements in working capital:
Increase in stocks
(69,632)
(15,343)
Increase in debtors
(2,772,254)
(1,896,335)
Increase in creditors
1,333,784
1,814,339
Cash generated from operations
1,967,971
826,433
29
Analysis of changes in net funds/(debt)
1 September 2024
Cash flows
31 August 2025
£
£
£
Cash at bank and in hand
601,005
930,110
1,531,115
Borrowings excluding overdrafts
(392,146)
30,255
(361,891)
Obligations under finance leases
(509,326)
(109,480)
(618,806)
(300,467)
850,885
550,418
2025-08-31 2024-09-01 false true false CCH Software CCH Accounts Production 2025.200 Mr D W Beaumont Ms A E Rayden Mr R F Thompson Mr S J Thompson Ms S L Thompson 05188030 2024-09-01 2025-08-31 05188030 bus:Director1 2024-09-01 2025-08-31 05188030 bus:Director2 2024-09-01 2025-08-31 05188030 bus:Director3 2024-09-01 2025-08-31 05188030 bus:CompanySecretaryDirector1 2024-09-01 2025-08-31 05188030 bus:CompanySecretary1 2024-09-01 2025-08-31 05188030 bus:CompanySecretary2 2024-09-01 2025-08-31 05188030 bus:Director4 2024-09-01 2025-08-31 05188030 bus:RegisteredOffice 2024-09-01 2025-08-31 05188030 2025-08-31 05188030 2023-09-01 2024-08-31 05188030 dpl:Item1 2024-09-01 2025-08-31 05188030 dpl:Item1 2023-09-01 2024-08-31 05188030 core:RetainedEarningsAccumulatedLosses 2024-08-31 05188030 core:RetainedEarningsAccumulatedLosses 2023-08-31 05188030 core:RetainedEarningsAccumulatedLosses 2025-08-31 05188030 core:RetainedEarningsAccumulatedLosses 2024-08-31 05188030 core:ShareCapital 2025-08-31 05188030 core:ShareCapital 2024-08-31 05188030 2024-08-31 05188030 core:ShareCapitalOrdinaryShareClass1 2025-08-31 05188030 core:ShareCapitalOrdinaryShareClass1 2024-08-31 05188030 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 05188030 core:OtherResidualIntangibleAssets 2025-08-31 05188030 core:OtherResidualIntangibleAssets 2024-08-31 05188030 core:ComputerSoftware 2025-08-31 05188030 core:ComputerSoftware 2024-08-31 05188030 core:LandBuildings core:OwnedOrFreeholdAssets 2025-08-31 05188030 core:PlantMachinery 2025-08-31 05188030 core:FurnitureFittings 2025-08-31 05188030 core:ComputerEquipment 2025-08-31 05188030 core:MotorVehicles 2025-08-31 05188030 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 05188030 core:PlantMachinery 2024-08-31 05188030 core:FurnitureFittings 2024-08-31 05188030 core:ComputerEquipment 2024-08-31 05188030 core:MotorVehicles 2024-08-31 05188030 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 05188030 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05188030 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 05188030 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 05188030 core:CurrentFinancialInstruments 2025-08-31 05188030 core:CurrentFinancialInstruments 2024-08-31 05188030 core:Non-currentFinancialInstruments 2025-08-31 05188030 core:Non-currentFinancialInstruments 2024-08-31 05188030 2024-08-31 05188030 1 2024-09-01 2025-08-31 05188030 1 2023-09-01 2024-08-31 05188030 2023-08-31 05188030 core:IntangibleAssetsOtherThanGoodwill 2024-09-01 2025-08-31 05188030 core:ComputerSoftware 2024-09-01 2025-08-31 05188030 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 05188030 core:PlantMachinery 2024-09-01 2025-08-31 05188030 core:FurnitureFittings 2024-09-01 2025-08-31 05188030 core:ComputerEquipment 2024-09-01 2025-08-31 05188030 core:MotorVehicles 2024-09-01 2025-08-31 05188030 dpl:Item2 2024-09-01 2025-08-31 05188030 dpl:Item2 2023-09-01 2024-08-31 05188030 core:UKTax 2024-09-01 2025-08-31 05188030 core:UKTax 2023-09-01 2024-08-31 05188030 core:ComputerSoftware 2024-08-31 05188030 core:ComputerSoftware core:ExternallyAcquiredIntangibleAssets 2024-09-01 2025-08-31 05188030 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 05188030 core:PlantMachinery 2024-08-31 05188030 core:FurnitureFittings 2024-08-31 05188030 core:ComputerEquipment 2024-08-31 05188030 core:MotorVehicles 2024-08-31 05188030 core:WithinOneYear 2025-08-31 05188030 core:WithinOneYear 2024-08-31 05188030 core:BetweenTwoFiveYears 2025-08-31 05188030 core:BetweenTwoFiveYears 2024-08-31 05188030 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 05188030 bus:OrdinaryShareClass1 2025-08-31 05188030 bus:OrdinaryShareClass1 2024-08-31 05188030 1 2024-09-01 2025-08-31 05188030 dpl:Item3 2024-09-01 2025-08-31 05188030 dpl:Item3 2023-09-01 2024-08-31 05188030 dpl:Item4 2024-09-01 2025-08-31 05188030 dpl:Item4 2023-09-01 2024-08-31 05188030 dpl:Item1 dpl:GroupUndertakings 2024-09-01 2025-08-31 05188030 dpl:Item1 dpl:GroupUndertakings 2023-09-01 2024-08-31 05188030 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 05188030 bus:FRS102 2024-09-01 2025-08-31 05188030 bus:Audited 2024-09-01 2025-08-31 05188030 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP