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REGISTERED NUMBER: 09273852 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

TMR ELECTRICAL SERVICES LTD

TMR ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09273852)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TMR ELECTRICAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: T Bray





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Unit 3 Merretts Mill
Industrial Estate
Woodchester
Stroud
Gloucestershire
GL5 5EX





REGISTERED NUMBER: 09273852 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

TMR ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09273852)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 62,812 64,422
Debtors 4 398,143 281,029
460,955 345,451
CREDITORS
Amounts falling due within one year 5 398,833 304,249
NET CURRENT ASSETS 62,122 41,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,122

41,202

CREDITORS
Amounts falling due after more than one
year

6

26,624

35,833
NET ASSETS 35,498 5,369

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,398 5,269
SHAREHOLDERS' FUNDS 35,498 5,369

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

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

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 director and authorised for issue on 4 October 2023 and were signed by:




T Bray - Director


TMR ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09273852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

TMR Electrical Services 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.

Turnover is recognised upon completion of consultancy contracts.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss over the expected useful lives of the assets to which they relate. Government grants which are not directly attributable to fixed assets are recognised in the profit and loss in accordance with the accruals method in line with FRS 102.

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
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

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.

Going concern
The director has considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified by the director.

TMR ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09273852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2021 - 18 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 276,925 157,146
Other debtors 119,487 115,051
Directors' loan accounts - 5,387
Prepayments 1,731 3,445
398,143 281,029

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 27,237 24,238
Trade creditors 234,242 110,196
Corporation Tax 42,506 27,600
Social security and other taxes 68,736 43,012
VAT 15,695 89,977
Other creditors 6,525 6,483
Pension 419 (13 )
Directors' loan accounts 973 -
Accrued expenses 2,500 2,756
398,833 304,249

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 26,624 35,833

TMR ELECTRICAL SERVICES LTD (REGISTERED NUMBER: 09273852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

7. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£    £   
T Bray
Balance outstanding at start of year 5,387 (50,119 )
Amounts advanced 156,640 85,483
Amounts repaid (163,000 ) (29,977 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (973 ) 5,387

Interest is being charged on the balance above at the HMRC approved rate, and there are no set repayment terms.