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
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
TMC Construction Ltd
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
-
2,612
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
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
TMC Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
TMC Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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 1 February 2023
5,591
27,150
32,741
On disposals
(5,591)
(27,150)
(32,741)
At 31 January 2023
446
24,034
24,480
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
Taxes and social security
3,318
3,179
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
13,232
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).