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Company Registration No. 08843779 (England and Wales)
TMC Construction Ltd Unaudited accounts for the year ended 31 January 2024
TMC Construction Ltd Unaudited accounts Contents
Page
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TMC Construction Ltd Company Information for the year ended 31 January 2024
Director
Trevor Carrington
Company Number
08843779 (England and Wales)
Registered Office
27 NORTH SIDE, THE CARDINALS TONGHAM FARNHAM SURREY GU10 1EB
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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TMC Construction Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
24,480 
Current assets
Debtors
97,429 
76,388 
Cash at bank and in hand
- 
2,612 
97,429 
79,000 
Creditors: amounts falling due within one year
(4,158)
(11,604)
Net current assets
93,271 
67,396 
Total assets less current liabilities
93,271 
91,876 
Creditors: amounts falling due after more than one year
- 
(13,232)
Provisions for liabilities
Deferred tax
- 
(4,651)
Net assets
93,271 
73,993 
Capital and reserves
Called up share capital
103 
103 
Profit and loss account
93,168 
73,890 
Shareholders' funds
93,271 
73,993 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2024 and were signed on its behalf by
Trevor Carrington Director Company Registration No. 08843779
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TMC Construction Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
TMC Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 08843779. The registered office is 27 NORTH SIDE, THE CARDINALS, TONGHAM, FARNHAM, SURREY, GU10 1EB. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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TMC Construction Ltd Notes to the Accounts for the year ended 31 January 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
6,037 
51,184 
57,221 
Disposals
(6,037)
(51,184)
(57,221)
At 31 January 2024
- 
- 
- 
Depreciation
At 1 February 2023
5,591 
27,150 
32,741 
On disposals
(5,591)
(27,150)
(32,741)
At 31 January 2024
- 
- 
- 
Net book value
At 31 January 2024
- 
- 
- 
At 31 January 2023
446 
24,034 
24,480 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
97,429 
76,388 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
7,381 
Trade creditors
40 
182 
Taxes and social security
3,318 
3,179 
Other creditors
- 
62 
Accruals
800 
800 
4,158 
11,604 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
13,232 
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TMC Construction Ltd Notes to the Accounts for the year ended 31 January 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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