2023-03-012024-02-292024-02-29false13913989TMS ELECTRICS 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TMS ELECTRICS LIMITED

Registered Number
13913989
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

TMS ELECTRICS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

STEWART, Toby

Registered Address

15 Top Street
Oldham
OL4 2DR

Registered Number

13913989 (England and Wales)
TMS ELECTRICS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors23,05213,473
Cash at bank and on hand25,5242,352
48,57615,825
Creditors amounts falling due within one year(32,536)(14,284)
Net current assets (liabilities)16,0401,541
Total assets less current liabilities16,0401,541
Net assets16,0401,541
Capital and reserves
Called up share capital100100
Profit and loss account15,9401,441
Shareholders' funds16,0401,541
The financial statements were approved and authorised for issue by the Director on 1 April 2024, and are signed on its behalf by:
STEWART, Toby
Director
Registered Company No. 13913989
TMS ELECTRICS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2.Average number of employees
Including director

20242023
Average number of employees during the year10
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.