REGISTERED NUMBER: 01723618 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TPS VISUAL COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Adams

L T W Alderman

A A Davies

SECRETARY:

Ms K J Pearce

REGISTERED OFFICE:

Warner House

Jubilee Business Park

Jubilee Road

Letchworth

Hertfordshire

SG6 1SP

REGISTERED NUMBER:

01723618 (England and Wales)

ACCOUNTANTS:

Barker Wilkinson Limited

19-21 Middle Row

Stevenage

Hertfordshire

SG1 3AW

FIXED ASSETS

Tangible assets

4

306,904

307,319

CURRENT ASSETS

Stocks

726,362

825,803

Debtors

5

2,800,536

2,228,370

Cash at bank and in hand

565,383

393,957

4,092,281

3,448,130

CREDITORS

Amounts falling due within one year

6

1,771,528

1,172,289

NET CURRENT ASSETS

2,320,753

2,275,841

TOTAL ASSETS LESS CURRENT LIABILITIES

2,627,657

2,583,160

CREDITORS

Amounts falling due after more than one year

7

(16,625

)

(26,600

)

PROVISIONS FOR LIABILITIES

(71,120

)

(70,287

)

NET ASSETS

2,539,912

2,486,273

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

2,537,912

2,484,273

2,539,912

2,486,273

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

L T W Alderman - Director

1.	STATUTORY INFORMATION

TPS Visual Communications 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 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.

The directors have assessed various factors and risks affecting the company and its ability to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date and therefore the financial statements for the period ended 31st August 2025 have been prepared using the going concern basis of accounting.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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.

Leasehold alterations

-

Over the term of the lease

Plant and machinery

-

30% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Financial instruments

The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

alterations

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

379,241

984,663

311,210

121,035

1,796,149

Additions

-

18,487

-

50,161

68,648

At 31 August 2025

379,241

1,003,150

311,210

171,196

1,864,797

DEPRECIATION

At 1 September 2024

299,610

816,970

252,938

119,312

1,488,830

Charge for year

7,877

53,886

5,824

1,476

69,063

At 31 August 2025

307,487

870,856

258,762

120,788

1,557,893

NET BOOK VALUE

At 31 August 2025

71,754

132,294

52,448

50,408

306,904

At 31 August 2024

79,631

167,693

58,272

1,723

307,319

Included within the aggregate net book value of £306,904 (2024: £307,319) is

(A) £nil (2024: £13,110) relating to an asset, upon which loan finance was raised subsequent to the purchase of the asset.The depreciation charged for the year on such asset amounted to £3,933 (2024: £5,618) and (B) £47,236 (2024: £67,480) relating to assets held under hire purchase agreements/finance leases. The depreciation charge for the year on such assets was £20,244 (2024: £15,377).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,217,995

1,684,247

Other debtors

125,813

130,779

Directors' current accounts

235,949

236,066

Tax

70,211

66,623

Prepayments

150,568

110,655

2,800,536

2,228,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

13,333

Hire purchase contracts

9,975

12,375

Trade creditors

1,247,066

908,784

Tax

82,097

83,302

Social security and other taxes

46,092

36,982

VAT

100,939

13,412

Other creditors

104,929

24,334

Accruals and deferred income

180,430

79,767

1,771,528

1,172,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

16,625

26,600

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

13,333

The loan balance outstanding is in respect of a facility taken out under the government-backed Coronavirus Business Interruption Loan Scheme. Whilst the Government acts as guarantor, the company is liable for the debt.

9.	OTHER FINANCIAL COMMITMENTS

The company had total financial commitments at the balance sheet date in respect of various operating leases of £109,322 (2024 £75,104).