REGISTERED NUMBER: 07356134 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

THP SYSTEMS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Leadbeater

Mrs L J Leadbeater

Mr S P Vale

Mrs S Vale

REGISTERED OFFICE:

Unit 22

Woodside Industrial Park

Works Road

Letchworth

Herts

SG6 1LA

REGISTERED NUMBER:

07356134 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Tangible assets

4

238,610

245,144

CURRENT ASSETS

Stocks

80,000

80,000

Debtors

5

646,928

757,261

Cash at bank and in hand

568,766

777,126

1,295,694

1,614,387

CREDITORS

Amounts falling due within one year

6

659,660

956,471

NET CURRENT ASSETS

636,034

657,916

TOTAL ASSETS LESS CURRENT LIABILITIES

874,644

903,060

CREDITORS

Amounts falling due after more than one year

7

163,647

91,802

NET ASSETS

710,997

811,258

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

710,897

811,158

SHAREHOLDERS' FUNDS

710,997

811,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 20 May 2026 and were signed on its behalf by:

Mr A Leadbeater - Director

1.	STATUTORY INFORMATION

THP Systems 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 Pound Sterling (£).

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.

Demo and test equipment

-

33% on reducing balance

Fixtures, fittings and equipment

-

33% on reducing balance

Motor vehicles

-

33% on reducing balance and 20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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

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.

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.

Long term contracts

Long term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover is ascertained by reference to costs incurred, plus profit attributable to the stage of completion less foreseeable losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Demo and

fittings

test

and

Motor

Computer

equipment

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 September 2024

415,064

21,454

230,083

30,896

697,497

Additions

69,560

4,212

202,082

12,575

288,429

Disposals

(28,258

)

(888

)

(186,083

)

(15,339

)

(230,568

)

At 31 August 2025

456,366

24,778

246,082

28,132

755,358

DEPRECIATION

At 1 September 2024

352,695

15,417

54,236

30,005

452,353

Charge for year

67,353

4,382

89,794

6,563

168,092

Eliminated on disposal

(40,997

)

(840

)

(46,521

)

(15,339

)

(103,697

)

At 31 August 2025

379,051

18,959

97,509

21,229

516,748

NET BOOK VALUE

At 31 August 2025

77,315

5,819

148,573

6,903

238,610

At 31 August 2024

62,369

6,037

175,847

891

245,144

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

Plant and

machinery

etc

£

COST

At 1 September 2024

293,083

Additions

202,082

Disposals

(186,083

)

At 31 August 2025

309,082

DEPRECIATION

At 1 September 2024

102,717

Charge for year

97,053

Eliminated on disposal

(53,780

)

At 31 August 2025

145,990

NET BOOK VALUE

At 31 August 2025

163,092

At 31 August 2024

190,366

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

646,928

757,261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

21,993

43,714

Trade creditors

508,949

735,028

Tax

30,119

78,256

Social security and other taxes

8,407

11,331

VAT

87,387

85,592

Accrued expenses

2,805

2,550

659,660

956,471

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

163,647

91,802

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.