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REGISTERED NUMBER: 10843456 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TML (SW) LIMITED

TML (SW) LIMITED (REGISTERED NUMBER: 10843456)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TML (SW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A Lee
Mrs C V Lee
M Lee
Miss H Lee





REGISTERED OFFICE: The Annex
The Pumphouse
Hayle
Cornwall
TR27 5JX





REGISTERED NUMBER: 10843456 (England and Wales)





ACCOUNTANTS: Hawthorn Carter
6 Penpol Road
Hayle
Cornwall
TR27 4AD

TML (SW) LIMITED (REGISTERED NUMBER: 10843456)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,441 15,953

CURRENT ASSETS
Debtors 5 134,770 228,153
Cash at bank 158,413 108,122
293,183 336,275
CREDITORS
Amounts falling due within one year 6 71,418 30,341
NET CURRENT ASSETS 221,765 305,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,206

321,887

CREDITORS
Amounts falling due after more than one
year

7

171,173

196,869
NET ASSETS 63,033 125,018

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 62,929 124,914
SHAREHOLDERS' FUNDS 63,033 125,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TML (SW) LIMITED (REGISTERED NUMBER: 10843456)

BALANCE SHEET - continued
30 JUNE 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2023 and were signed on its behalf by:





A Lee - Director


TML (SW) LIMITED (REGISTERED NUMBER: 10843456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Tml (Sw) 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.

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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TML (SW) LIMITED (REGISTERED NUMBER: 10843456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 18,600 25,999 919 45,518
Additions - - 833 833
At 30 June 2023 18,600 25,999 1,752 46,351
DEPRECIATION
At 1 July 2022 13,949 15,030 586 29,565
Charge for year 1,163 2,742 440 4,345
At 30 June 2023 15,112 17,772 1,026 33,910
NET BOOK VALUE
At 30 June 2023 3,488 8,227 726 12,441
At 30 June 2022 4,651 10,969 333 15,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 6,805 10,960
Intercompany loan account 124,571 216,851
Social security and other tax 3,394 -
VAT - 342
134,770 228,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 2,200 5,000
Trade creditors 78 2,174
Tax - (8,021 )
Social security and other taxes - 1,010
VAT 1,337 -
Credit card 7,263 6,759
Directors' current accounts 59,140 21,419
Accrued expenses 1,400 2,000
71,418 30,341

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans over 1 year 19,095 44,791
Directors' loan accounts 152,078 152,078
171,173 196,869

TML (SW) LIMITED (REGISTERED NUMBER: 10843456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
100 Ordinary £1 100 100
2 Ordinary A £1 2 2
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
104 104