2022-11-01 NI641816 2023-10-30 NI641816 2022-11-01 2023-10-30 NI641816 2022-10-31 NI641816 2021-11-01 2022-10-31 NI641816 uk-core:WithinOneYear 2022-10-31 NI641816 uk-core:WithinOneYear 2023-10-30 NI641816 uk-core:AfterOneYear 2022-10-31 NI641816 uk-core:AfterOneYear 2023-10-30 NI641816 uk-core:ShareCapital 2023-10-30 NI641816 uk-core:ShareCapital 2022-10-31 NI641816 uk-core:RetainedEarningsAccumulatedLosses 2023-10-30 NI641816 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI641816 uk-bus:Director1 2022-11-01 2023-10-30 NI641816 uk-core:PlantMachinery 2022-11-01 2023-10-30 NI641816 uk-core:ComputerEquipment 2022-11-01 2023-10-30 NI641816 uk-core:CommercialMotorVehicles 2022-11-01 2023-10-30 NI641816 uk-core:ComputerEquipment 2022-10-31 NI641816 uk-core:CommercialMotorVehicles 2022-10-31 NI641816 uk-core:PlantMachinery 2022-10-31 NI641816 uk-core:PlantMachinery 2023-10-30 NI641816 uk-core:CommercialMotorVehicles 2023-10-30 NI641816 uk-core:ComputerEquipment 2023-10-30 NI641816 uk-core:WithinOneYear 2023-10-30 NI641816 uk-core:WithinOneYear 2022-10-31 NI641816 uk-core:AfterOneYear uk-core:Secured 2023-10-30 NI641816 uk-core:AfterOneYear uk-core:Secured 2022-10-31 iso4217:GBP xbrli:pure NI641816 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-30 NI641816 uk-bus:FRS102 2022-11-01 2023-10-30 NI641816 uk-bus:FilletedAccounts 2022-11-01 2023-10-30 NI641816 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-30
TMC Contracts Limited
Registered Number:NI641816
For the period ended 30 October 2023
Northern Ireland
Unaudited Financial Statements
2
For the period ended 30 October 2023
TMC Contracts Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI641816
As at 30 October 2023
TMC Contracts Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
266,047
288,141
2
266,047
288,141
Current assets
Inventories
2,800
500
3
Trade and other receivables
76,728
17,246
4
2,150
Cash and cash equivalents
2,325
20,071
81,678
Trade and other payables: amounts falling due within one
year
(52,747)
(39,406)
5
28,931
(19,335)
Net current liabilities
Total assets less current liabilities
246,712
317,072
Trade and other payables: amounts falling due after more
than one year
(26,841)
(16,841)
6
(35,057)
(46,335)
Provisions for liabilities
194,814
Net assets
243,896
Capital and reserves
Called up share capital
100
100
Retained earnings
194,714
243,796
194,814
243,896
Shareholders' funds
For the period ended 30 October 2023 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 of its financial statements for the period ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Tiarnan Connolly Director
These financial statements were approved and authorised for issue by the Board on 09 October 2024 and were signed by:
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4
Registered Number :
NI641816
For the period ended 30 October 2023
TMC Contracts Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the period ended 30 October 2023
TMC Contracts Limited
Notes to the Financial Statements
Statutory Information
TMC Contracts Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI641816.
Registered address:
Rosevale
21 Desart Lane
Armagh
BT61 8AR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the period ended 30 October 2023
TMC Contracts Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 November 2022
530,419
332
62,153
467,934
66,050
-
-
66,050
Additions
-
-
(31,000)
Disposals
(31,000)
At 30 October 2023
502,984
62,153
332
565,469
Provision for depreciation and impairment
At 01 November 2022
242,278
119
33,499
208,660
Charge for period
68,304
43
7,164
61,097
(11,160)
-
-
(11,160)
On disposal
At 30 October 2023
299,422
162
40,663
258,597
At 30 October 2023
Net book value
244,387
21,490
170
266,047
At 31 October 2022
259,274
28,654
213
288,141
3. Inventories
2022
2023
£
£
Stocks
500
2,800
4. Trade and other receivables
2022
2023
£
£
Trade debtors
-
17,700
Other debtors
17,246
59,028
76,728
17,246
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,659
10,659
Other creditors
28,747
42,088
39,406
52,747
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7
For the period ended 30 October 2023
TMC Contracts Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
16,841
26,841
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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