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REGISTERED NUMBER: 04215008 (England and Wales)











Financial Statements

for the Year Ended 30 September 2023

for

TMAC Wireless Solutions Ltd

TMAC Wireless Solutions Ltd (Registered number: 04215008)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TMAC Wireless Solutions Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: C W Everitt
Miss J F Southgate



REGISTERED OFFICE: Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



REGISTERED NUMBER: 04215008 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Barclays Bank PLC
Princes Street
Ipswich
Suffolk
IP1 1PB

TMAC Wireless Solutions Ltd (Registered number: 04215008)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,181 75,479

CURRENT ASSETS
Stocks 118,321 56,850
Debtors 5 74,823 73,382
Cash at bank and in hand 95,370 217,886
288,514 348,118
CREDITORS
Amounts falling due within one year 6 237,519 219,434
NET CURRENT ASSETS 50,995 128,684
TOTAL ASSETS LESS CURRENT LIABILITIES 158,176 204,163

CREDITORS
Amounts falling due after more than one
year

7

(63,815

)

(94,756

)

PROVISIONS FOR LIABILITIES 8 (20,364 ) (14,341 )
NET ASSETS 73,997 95,066

CAPITAL AND RESERVES
Called up share capital 9 90 90
Retained earnings 73,907 94,976
SHAREHOLDERS' FUNDS 73,997 95,066

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

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

TMAC Wireless Solutions Ltd (Registered number: 04215008)

Statement of Financial Position - continued
30 September 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 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 18 April 2024 and were signed on its behalf by:




Miss J F Southgate - Director



C W Everitt - Director


TMAC Wireless Solutions Ltd (Registered number: 04215008)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

TMAC Wireless Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - Straight line over 8 years
Motor vehicles - 25% on cost
Computer equipment - 25% 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 enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 statement of financial position date.


TMAC Wireless Solutions Ltd (Registered number: 04215008)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 135,506 74,347 16,433 226,286
Additions 51,475 - 517 51,992
Disposals (1,175 ) (1,383 ) (11,979 ) (14,537 )
At 30 September 2023 185,806 72,964 4,971 263,741
DEPRECIATION
At 1 October 2022 62,417 74,347 14,043 150,807
Charge for year 18,263 - 1,135 19,398
Eliminated on disposal (283 ) (1,383 ) (11,979 ) (13,645 )
At 30 September 2023 80,397 72,964 3,199 156,560
NET BOOK VALUE
At 30 September 2023 105,409 - 1,772 107,181
At 30 September 2022 73,089 - 2,390 75,479

TMAC Wireless Solutions Ltd (Registered number: 04215008)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 74,347
Disposals (1,383 )
Transfer to ownership (72,964 )
At 30 September 2023 -
DEPRECIATION
At 1 October 2022 74,347
Eliminated on disposal (1,383 )
Transfer to ownership (72,964 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,177 51,215
Other debtors 32,646 22,167
74,823 73,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,941 28,769
Hire purchase contracts - 9,119
Trade creditors 99,730 102,058
Taxation and social security 53,324 40,783
Other creditors 53,524 38,705
237,519 219,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 63,815 94,756

TMAC Wireless Solutions Ltd (Registered number: 04215008)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 20,364 14,341

Deferred
tax
£   
Balance at 1 October 2022 14,341
Provided during year 6,023
Balance at 30 September 2023 20,364

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
36 Ordinary A £1 36 36
36 Ordinary B £1 36 36
18 Ordinary C £1 18 18
90 90