TMC CORPORATE FINANCE LIMITED

Company Registration Number:
04543062 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

TMC CORPORATE FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

TMC CORPORATE FINANCE LIMITED

Company Information

for the Period Ended 31 August 2023




Director: Mr Mark Steve Edwards
Mrs Sadie Elaine Cordelia Edwards
Secretary: Mr Shaun Patrick Rogers
Registered office: 2
Wellesley Parade
Godstone Road
Whyteleafe
Surrey
CR3 0BL
Company Registration Number: 04543062 (England and Wales)

TMC CORPORATE FINANCE LIMITED

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

During the year and since the year end, the company has operated as a commercial finance broker. The company is consolidating its existing business and looking to expand in the future.

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
Mr Mark Steve Edwards
Mrs Sadie Elaine Cordelia Edwards

Secretary
Mr Shaun Patrick Rogers

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Mr Mark Steve Edwards
Status: Director

Name: Mrs Sadie Elaine Cordelia Edwards
Status: Director

TMC CORPORATE FINANCE LIMITED

Profit and Loss Account

for the Period Ended 31 August 2023


Notes

2023
£

2022
£
Turnover 382,079 343,691
Cost of sales ( 142,502 ) ( 145,875 )
Gross Profit or (Loss) 239,577 197,816
Administrative Expenses ( 153,966 ) ( 116,852 )
Operating Profit or (Loss) 85,611 80,964
Interest Payable and Similar Charges ( 12,008 ) ( 5,448 )
Profit or (Loss) Before Tax 73,603 75,516
Tax on Profit ( 14,826 ) ( 12,786 )
Profit or (Loss) for Period 58,777 62,730

The notes form part of these financial statements

TMC CORPORATE FINANCE LIMITED

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 314,781 317,487
Total fixed assets: 314,781 317,487
Current assets
Debtors: 6 728,597 350,243
Cash at bank and in hand: 36,336 437,802
Total current assets: 764,933 788,045
Prepayments and accrued income: 3,608 3,752
Creditors: amounts falling due within one year: 7 ( 47,547 ) ( 100,872 )
Net current assets (liabilities): 720,994 690,925
Total assets less current liabilities: 1,035,775 1,008,412
Creditors: amounts falling due after more than one year: 8 ( 265,108 ) ( 274,816 )
Total net assets (liabilities): 770,667 733,596

The notes form part of these financial statements

TMC CORPORATE FINANCE LIMITED

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 770,665 733,594
Shareholders funds: 770,667 733,596

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 August 2024
And Signed On Behalf Of The Board By:

Name: Mr Mark Steve Edwards
Status: Director

Name: Mrs Sadie Elaine Cordelia Edwards
Status: Director

The notes form part of these financial statements

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
    Computer Equipment 25% straight Line basis
    Fixtures & Fittings 25% Straight Line Basis

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Dividends


2023
£

2022
£
Dividends paid 21,706 16,800

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Tangible assets

Land & buildings Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 September 2022 295,075 137,383 68,876 501,334
Additions 0 2,268 998 3,266
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 August 2023 295,075 139,651 69,874 504,600
Depreciation
At 01 September 2022 0 126,146 57,701 183,847
Charge for year 0 2,948 3,024 5,972
On disposals - - - -
Other adjustments - - - -
At 31 August 2023 0 129,094 60,725 189,819
Net book value
At 31 August 2023 295,075 10,557 9,149 314,781
At 31 August 2022 295,075 11,237 11,175 317,487

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Debtors


2023
£

2022
£
Trade debtors 21,155 30,116
Other debtors 707,442 320,127
Total 728,597 350,243

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 11,230 10,606
Taxation and social security 32,204 73,822
Accruals and deferred income 679 729
Other creditors 3,434 15,715
Total 47,547 100,872

TMC CORPORATE FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 27,932 37,640
Amounts due under finance leases and hire purchase contracts 237,176 237,176
Total 265,108 274,816