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REGISTERED NUMBER: 05290172 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

TMK TRADING LIMITED

TMK TRADING LIMITED (REGISTERED NUMBER: 05290172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TMK TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: P L Gosling





REGISTERED OFFICE: 1 The Green
St Peters Way
Northampton
Northamptonshire
NN1 1TD





REGISTERED NUMBER: 05290172 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

TMK TRADING LIMITED (REGISTERED NUMBER: 05290172)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110 147
Tangible assets 5 60,057 55,743
60,167 55,890

CURRENT ASSETS
Stocks 320,948 320,814
Debtors 6 49,879 5,592
Cash at bank and in hand 33,635 46,239
404,462 372,645
CREDITORS
Amounts falling due within one year 7 140,008 144,859
NET CURRENT ASSETS 264,454 227,786
TOTAL ASSETS LESS CURRENT LIABILITIES 324,621 283,676

CREDITORS
Amounts falling due after more than one
year

8

(79,012

)

(91,611

)

PROVISIONS FOR LIABILITIES (11,442 ) (10,591 )
NET ASSETS 234,167 181,474

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 234,165 181,472
234,167 181,474

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

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

TMK TRADING LIMITED (REGISTERED NUMBER: 05290172)

BALANCE SHEET - continued
30TH NOVEMBER 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 9th August 2024 and were signed by:





P L Gosling - Director


TMK TRADING LIMITED (REGISTERED NUMBER: 05290172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

TMK Trading 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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.

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 4 (2022 - 4 ) .

TMK TRADING LIMITED (REGISTERED NUMBER: 05290172)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 240 2,616 2,856
AMORTISATION
At 1st December 2022 240 2,469 2,709
Charge for year - 37 37
At 30th November 2023 240 2,506 2,746
NET BOOK VALUE
At 30th November 2023 - 110 110
At 30th November 2022 - 147 147

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 59,013 28,278 12,750 29,864 129,905
Additions - 9,246 - 2,755 12,001
At 30th November 2023 59,013 37,524 12,750 32,619 141,906
DEPRECIATION
At 1st December 2022 18,491 26,035 9,304 20,332 74,162
Charge for year 3,748 561 862 2,516 7,687
At 30th November 2023 22,239 26,596 10,166 22,848 81,849
NET BOOK VALUE
At 30th November 2023 36,774 10,928 2,584 9,771 60,057
At 30th November 2022 40,522 2,243 3,446 9,532 55,743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,879 5,592
Other debtors 12,000 -
49,879 5,592

TMK TRADING LIMITED (REGISTERED NUMBER: 05290172)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,000 35,000
Trade creditors 41,035 24,995
Amounts owed to group undertakings 10,883 10,883
Taxation and social security 17,759 24,726
Other creditors 45,331 49,255
140,008 144,859

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 79,012 91,611

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors over 1 year are amounts due to the director of £29,362 (2022: £40,761). These loans are interest free and have no repayment terms.

10. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owing to Superior Cars Limited, a connected company, of £10,883 (2022: £10,883).