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REGISTERED NUMBER: 10835945 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

TM FLOORING SYSTEMS LIMITED

TM FLOORING SYSTEMS LIMITED (REGISTERED NUMBER: 10835945)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TM FLOORING SYSTEMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTOR: N J Taylor





REGISTERED OFFICE: Unit C, Pentagon Park
Northampton
Northamptonshire
NN5 7UW





REGISTERED NUMBER: 10835945 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

TM FLOORING SYSTEMS LIMITED (REGISTERED NUMBER: 10835945)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,415 24,700

CURRENT ASSETS
Stocks 12,620 31,928
Debtors 5 34,594 18,275
Cash at bank 16,931 11,746
64,145 61,949
CREDITORS
Amounts falling due within one year 6 54,724 38,899
NET CURRENT ASSETS 9,421 23,050
TOTAL ASSETS LESS CURRENT LIABILITIES 27,836 47,750

CREDITORS
Amounts falling due after more than one
year

7

12,376

17,385
NET ASSETS 15,460 30,365

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 15,459 30,364
SHAREHOLDERS' FUNDS 15,460 30,365

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 director acknowledges his 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.

TM FLOORING SYSTEMS LIMITED (REGISTERED NUMBER: 10835945)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 April 2024 and were signed by:





N J Taylor - Director


TM FLOORING SYSTEMS LIMITED (REGISTERED NUMBER: 10835945)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

TM Flooring Systems 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 2 (2022 - 2 ) .

TM FLOORING SYSTEMS LIMITED (REGISTERED NUMBER: 10835945)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 2,622 40,575 567 43,764
DEPRECIATION
At 1 August 2022 1,125 17,752 187 19,064
Charge for year 393 5,705 187 6,285
At 31 July 2023 1,518 23,457 374 25,349
NET BOOK VALUE
At 31 July 2023 1,104 17,118 193 18,415
At 31 July 2022 1,497 22,823 380 24,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,385 16,066
Other debtors 2 2
Tax 2,207 2,207
34,594 18,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,259 4,259
Trade creditors 22,137 1,553
Social security and other taxes 900 139
VAT 9,627 2,339
Other creditors 183 98
Directors' current accounts 16,518 29,511
Accrued expenses 1,100 1,000
54,724 38,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,259 4,259
Bank loans - 2-5 years 3,079 6,984
Amounts owed to group undertakings 5,038 6,142
12,376 17,385

TM FLOORING SYSTEMS LIMITED (REGISTERED NUMBER: 10835945)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 2 2 1 1