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REGISTERED NUMBER: 02621079 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

T M S Europe Limited

T M S Europe Limited (Registered number: 02621079)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T M S Europe Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: B Hanwell
Mrs K V Price





SECRETARY: Mrs K V Price





REGISTERED OFFICE: Stretfield Mill
Bradwell
Hope Valley
Derbyshire
S33 9JT





REGISTERED NUMBER: 02621079 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

T M S Europe Limited (Registered number: 02621079)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 97,191 97,947
97,191 97,947

CURRENT ASSETS
Stocks 152,251 166,278
Debtors 6 245,113 276,164
Cash at bank and in hand 388,539 1,349,603
785,903 1,792,045
CREDITORS
Amounts falling due within one year 7 287,714 243,391
NET CURRENT ASSETS 498,189 1,548,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,380

1,646,601

CAPITAL AND RESERVES
Called up share capital 8 50,002 50,002
Revaluation reserve 9 90,000 90,000
Hope Valley Eot Limited 9 (1,300,913 ) -
Retained earnings 9 1,756,291 1,506,599
SHAREHOLDERS' FUNDS 595,380 1,646,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T M S Europe Limited (Registered number: 02621079)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





B Hanwell - Director


T M S Europe Limited (Registered number: 02621079)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

T M S Europe 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.

Development costs are being amortised evenly over their 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.


T M S Europe Limited (Registered number: 02621079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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 29 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 July 2023
and 30 June 2024 194,660
AMORTISATION
At 1 July 2023
and 30 June 2024 194,660
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

T M S Europe Limited (Registered number: 02621079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Computer
and
Fixtures Photographic
Plant and and Motor Equ
machinery fittings vehicles ipment Totals
£    £    £    £    £   
COST
At 1 July 2023 574,415 16,049 80,259 48,857 719,580
Additions 29,336 - - 2,305 31,641
At 30 June 2024 603,751 16,049 80,259 51,162 751,221
DEPRECIATION
At 1 July 2023 506,131 11,565 61,799 42,138 621,633
Charge for year 24,405 1,121 4,615 2,256 32,397
At 30 June 2024 530,536 12,686 66,414 44,394 654,030
NET BOOK VALUE
At 30 June 2024 73,215 3,363 13,845 6,768 97,191
At 30 June 2023 68,284 4,484 18,460 6,719 97,947

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 229,578 252,997
Prepayments and accrued income 15,535 23,167
245,113 276,164

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 96,856 66,891
Tax 81,840 56,708
Social security and other taxes 24,561 33,684
VAT 68,045 68,625
Accrued expenses 16,412 17,483
287,714 243,391

T M S Europe Limited (Registered number: 02621079)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50,002 Ordinary Shares of £1 each £1 50,002 50,002

9. RESERVES
Hope
Valley
Retained Revaluation Eot
earnings reserve Limited Totals
£    £    £    £   

At 1 July 2023 1,506,599 90,000 - 1,596,599
Profit for the year 249,692 249,692
Contribution to EOT - - (1,300,913 ) (1,300,913 )
At 30 June 2024 1,756,291 90,000 (1,300,913 ) 545,378

10. RELATED PARTY TRANSACTIONS

On 25th March 2024 the company's employee ownership trust (EOT) acquired shares in the company and holds them for the company's employees. During the year, £1,300,913 was gifted to the EOT.