TM JOINT SOLUTIONS LTD
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Company registration number 08386425
Date
Approval date of the accounts by the board 06/03/2024
Date
Date of signing on the audit/accountants report 06/03/2024
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Tahir Mahmud
Or, name of secretary
Name of director signing balance sheet Tahir Mahmud
Address of registered office:
Address line 1 Little Tor 5
Address line 2 Walkers Ridge
City or town Camberley
County or region Surrey
Postcode GU15 2DF
Name of senior statutory auditor
Name of auditors/accountants ClearCut Accounting Limited
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 Suite 2, Parkway 5
Address line 2 Parkway Business Centre
City or town 300 Princess Road
County or region Manchester
Postcode M14 7HR
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 2 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
08386425
TM JOINT SOLUTIONS LTD
Filleted Accounts
31 March 2023
TM JOINT SOLUTIONS LTD
Registered number: 08386425
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,078 4,991
Investments 4 12,826 12,826
17,904 17,817
Current assets
Cash at bank and in hand 873,438 718,285
Creditors: amounts falling due within one year 5 (110,645) (96,562)
Net current assets 762,793 621,723
Net assets 780,697 639,540
Capital and reserves
Called up share capital 3 3
Profit and loss account 780,694 639,537
Shareholders' funds 780,697 639,540
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.
Tahir Mahmud
Director
Approved by the board on 6 March 2024
TM JOINT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
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).
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 20% RB
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 12,381
Additions 1,228
At 31 March 2023 13,609
Depreciation
At 1 April 2022 7,390
Charge for the year 1,141
At 31 March 2023 8,531
Net book value
At 31 March 2023 5,078
At 31 March 2022 4,991
4 Investments
Other
investments
£
Cost
At 1 April 2022 12,826
At 31 March 2023 12,826
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 74,289 83,472
Other creditors 36,356 13,090
110,645 96,562
6 Other information
TM JOINT SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Little Tor 5
Walkers Ridge
Camberley
Surrey
GU15 2DF
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