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REGISTERED NUMBER: 07518922 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

TMM Direct Ltd.

TMM Direct Ltd. (Registered number: 07518922)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TMM Direct Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M White
A White
Mrs S White





REGISTERED OFFICE: Unit A4
Grovehill Industrial Estate
Beck View Road
Beverley
East Yorkshire
HU17 0JT





REGISTERED NUMBER: 07518922 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

TMM Direct Ltd. (Registered number: 07518922)

Abridged Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,012 215
1,012 215

CURRENT ASSETS
Stocks 199,864 175,798
Debtors 6,400 24,402
Cash at bank and in hand 105,322 226,163
311,586 426,363
CREDITORS
Amounts falling due within one year 148,431 204,650
NET CURRENT ASSETS 163,155 221,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,167

221,928

PROVISIONS FOR LIABILITIES 192 41
NET ASSETS 163,975 221,887

CAPITAL AND RESERVES
Called up share capital 3,403 3,403
Retained earnings 160,572 218,484
SHAREHOLDERS' FUNDS 163,975 221,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

TMM Direct Ltd. (Registered number: 07518922)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 November 2023 and were signed on its behalf by:





A White - Director


TMM Direct Ltd. (Registered number: 07518922)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

TMM Direct 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.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company's sales channels have been met, as described below.

Sale of goods - Incubators, etc
The company sells goods via its websites for delivery to the customer. Revenue is recognised when the risks and rewards of the inventory are passed to the customer. For deliveries to the customer this is the point of acceptance of the goods by the customer. Transactions are mostly settled by credit or payment card.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

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 company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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.


TMM Direct Ltd. (Registered number: 07518922)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 47,500
AMORTISATION
At 1 August 2022
and 31 July 2023 47,500
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

TMM Direct Ltd. (Registered number: 07518922)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 12,830
Additions 1,041
At 31 July 2023 13,871
DEPRECIATION
At 1 August 2022 12,615
Charge for year 244
At 31 July 2023 12,859
NET BOOK VALUE
At 31 July 2023 1,012
At 31 July 2022 215

6. RELATED PARTY DISCLOSURES

The company is controlled by Mr A White who is the majority shareholder.