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REGISTERED NUMBER: 08382297 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

TMC Meat Limited

TMC Meat Limited (Registered number: 08382297)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TMC Meat Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mr Ibrahim Sanci





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 08382297 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

TMC Meat Limited (Registered number: 08382297)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,586 158,953

CURRENT ASSETS
Stocks 74,851 83,665
Debtors 5 369,043 183,913
Cash at bank and in hand 24,435 82,497
468,329 350,075
CREDITORS
Amounts falling due within one year 6 214,076 210,556
NET CURRENT ASSETS 254,253 139,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,839

298,472

CREDITORS
Amounts falling due after more than one
year

7

(131,400

)

(106,127

)

PROVISIONS FOR LIABILITIES 8 (25,142 ) (29,340 )
NET ASSETS 234,297 163,005

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 234,197 162,905
SHAREHOLDERS' FUNDS 234,297 163,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TMC Meat Limited (Registered number: 08382297)

Balance Sheet - continued
31 March 2022


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





Mr Ibrahim Sanci - Director


TMC Meat Limited (Registered number: 08382297)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

TMC Meat 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 accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

TMC Meat Limited (Registered number: 08382297)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2021 - 53 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 113,903 51,100 304,904 732 470,639
Additions - - 23,161 - 23,161
At 31 March 2022 113,903 51,100 328,065 732 493,800
DEPRECIATION
At 1 April 2021 89,608 37,202 184,375 501 311,686
Charge for year 6,074 3,474 35,922 58 45,528
At 31 March 2022 95,682 40,676 220,297 559 357,214
NET BOOK VALUE
At 31 March 2022 18,221 10,424 107,768 173 136,586
At 31 March 2021 24,295 13,898 120,529 231 158,953

TMC Meat Limited (Registered number: 08382297)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 111,960
DEPRECIATION
At 1 April 2021 73,699
Charge for year 9,565
At 31 March 2022 83,264
NET BOOK VALUE
At 31 March 2022 28,696
At 31 March 2021 38,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 250,509 137,229
Other debtors 46,600 20,600
VAT 21,934 26,084
Prepayments 50,000 -
369,043 183,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 22,127 22,292
Trade creditors 127,694 65,365
Tax 35,288 27,281
Social security and other taxes 26,373 15,230
Pension 2,594 3,671
Net wages - 76,717
214,076 210,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts - 22,127
Other creditors 131,400 84,000
131,400 106,127

TMC Meat Limited (Registered number: 08382297)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax 25,142 29,340

Deferred
tax
£   
Balance at 1 April 2021 29,340
Credit to Profit & Loss Account during year (4,198 )
Balance at 31 March 2022 25,142