Registered Number:NI641816 |
For the period ended 30 October 2023
Northern Ireland
Unaudited Financial Statements
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
TMC Contracts Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
266,047
288,141
2
266,047
288,141
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
100
100
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: |
1 of 5
For the period ended 30 October 2023
TMC Contracts Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 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. |
Rosevale
21 Desart Lane
Armagh
BT61 8AR
The presentation currency is £ sterling. |
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
Computer Equipment
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. |
3 of 5
For the period ended 30 October 2023
TMC Contracts Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
530,419
332
62,153
467,934
66,050
-
-
66,050
-
-
(31,000)
(31,000)
502,984
62,153
332
565,469
Provision for depreciation and impairment |
242,278
119
33,499
208,660
Charge for period
68,304
43
7,164
61,097
(11,160)
-
-
(11,160)
299,422
162
40,663
258,597
244,387
21,490
170
266,047
259,274
28,654
213
288,141
2022
2023
500
2,800
4. Trade and other receivables |
2022
2023
-
17,700
17,246
59,028
76,728
17,246
5. Trade and other payables: amounts falling due within one year |
2022
2023
10,659
10,659
28,747
42,088
39,406
52,747
4 of 5
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
16,841
26,841
7. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
5 of 5