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Registered number: 07102072
TPM Insulation Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Blue-Shore Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07102072
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,188 11,728
Tangible Assets 5 276,165 17,488
283,353 29,216
CURRENT ASSETS
Stocks 6 128,174 109,381
Debtors 7 164,928 206,649
Cash at bank and in hand 29,501 5,756
322,603 321,786
Creditors: Amounts Falling Due Within One Year 8 (359,923 ) (313,218 )
NET CURRENT ASSETS (LIABILITIES) (37,320 ) 8,568
TOTAL ASSETS LESS CURRENT LIABILITIES 246,033 37,784
Creditors: Amounts Falling Due After More Than One Year 9 (202,989 ) (26,975 )
NET ASSETS 43,044 10,809
CAPITAL AND RESERVES
Called up share capital 11 102 102
Profit and Loss Account 42,942 10,707
SHAREHOLDERS' FUNDS 43,044 10,809
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Tavener
Director
01/06/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TPM Insulation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07102072 . The registered office is Unit E Park End Works, Croughton, Brackley, Northamptonshire, NN13 5LX.
The presentation currency of the financial statements is the Pound Sterling (£). 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 25% Straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 17)
22 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 22,700
As at 31 December 2025 22,700
Amortisation
As at 1 January 2025 10,972
Provided during the period 4,540
As at 31 December 2025 15,512
Net Book Value
As at 31 December 2025 7,188
As at 1 January 2025 11,728
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2025 - 183,584 183,584
Additions 170,000 101,160 271,160
As at 31 December 2025 170,000 284,744 454,744
Depreciation
As at 1 January 2025 - 166,096 166,096
Provided during the period - 12,483 12,483
As at 31 December 2025 - 178,579 178,579
Net Book Value
As at 31 December 2025 170,000 106,165 276,165
As at 1 January 2025 - 17,488 17,488
6. Stocks
2025 2024
£ £
Stock 128,174 109,381
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 22,833 158,872
Other debtors 142,095 47,777
164,928 206,649
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 118,977 55,979
Bank loans and overdrafts 23,893 5,000
Other loans 27,363 1,031
Other creditors 94,436 163,024
Taxation and social security 95,254 88,184
359,923 313,218
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 21,975 26,975
Other loans 181,014 -
202,989 26,975
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 91,321 1,031
Bank loans and overdrafts 18,893 -
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
12. Directors Advances, Credits and Guarantees
During the year the company advanced £28,075 to the directors. Interest was being charged on this loan at an approved HMRC interest rate.
13. Related Party Transactions
Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions.
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