Tulseprime Limited - Filleted accounts

Registered number

01881769

Tulseprime Limited

Filleted Accounts

31 March 2025

Tulseprime Limited
Registered number:		01881769
Balance Sheet
as at 31 March 2025

Notes		2025			2024
£			£	£		£
Fixed assets
Tangible assets	4		4,820			6,426

Current assets
Stocks		750			750
Debtors	5	18,383			19,937
Cash at bank and in hand		95,126			106,855
		114,259			127,542

Creditors: amounts falling due within one year	6	(28,923)			(43,373)

Net current assets			85,336			84,169

Net assets			90,156			90,595

Capital and reserves
Called up share capital	8		100			100
Profit and loss account			90,056			90,495

Shareholders' funds			90,156			90,595

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Anthony Philp		Graham Philp
Director		Director



Approved by the board on 17 November 2025

Tulseprime Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts 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.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

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.


3	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3














4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	85,042		18,633		103,675
	At 31 March 2025	85,042		18,633		103,675

	Depreciation
	At 1 April 2024	84,986		12,263		97,249
	Charge for the year	14		1,592		1,606
	At 31 March 2025	85,000		13,855		98,855

	Net book value
	At 31 March 2025	42		4,778		4,820
	At 31 March 2024	56		6,370		6,426


5	Debtors			2025		2024
£					£

	Trade debtors			17,661		19,178
	Prepayments			722		759
				18,383		19,937


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			9,763		5,008
	Taxation and social security costs			8,864		23,555
	Accruals			4,414		3,928
	Directors loan			5,882		5,882
	Other creditors			-		5,000
				28,923		43,373


7	Other information

	Tulseprime Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Accountax House
	420a Streatham High Road
	London
	SW16 3SN





8	Called up share capital			2025		2024
£					£
	Ordinary share capital
	Issued and fully paid
	100 Ordinary shares of £1 each			100		100

				100		100


9	Directors' transactions

	The directors operate interest free loan accounts with the company. At the beginning of the year, directors GP Philp and AD Philp were each owed £2,000 by the company. There were no transactions outside the normal salary payments during the year, therefore the same amounts were owed to the directors at the end of the year.