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Company Registration No. 12058198 (England and Wales)
TCM DIRECT LTD Unaudited accounts for the year ended 30 June 2023
TCM DIRECT LTD Unaudited accounts Contents
Page
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TCM DIRECT LTD Company Information for the year ended 30 June 2023
Directors
Asghar Farooq Shabir Ahmed Khan
Company Number
12058198 (England and Wales)
Registered Office
27 GREAVES STREET BRADFORD BD5 7PE ENGLAND
Accountants
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR
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TCM DIRECT LTD Accountants' report
Accountants' report to the board of directors of TCM DIRECT LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TCM DIRECT LTD for the year ended 30 June 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TCM DIRECT LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TCM DIRECT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TCM DIRECT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TCM DIRECT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TCM DIRECT LTD. You consider that TCM DIRECT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TCM DIRECT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR 5 March 2024
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TCM DIRECT LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,801 
17,251 
Investment property
480,000 
- 
493,801 
17,251 
Current assets
Inventories
253,997 
216,753 
Cash at bank and in hand
18,501 
5,278 
272,498 
222,031 
Creditors: amounts falling due within one year
(699,909)
(199,124)
Net current (liabilities)/assets
(427,411)
22,907 
Net assets
66,390 
40,158 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
66,388 
40,156 
Shareholders' funds
66,390 
40,158 
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Shabir Ahmed Khan Director Company Registration No. 12058198
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TCM DIRECT LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
TCM DIRECT LTD is a private company, limited by shares, registered in England and Wales, registration number 12058198. The registered office is 27 GREAVES STREET, BRADFORD, BD5 7PE, ENGLAND.
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.
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:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
29,440 
At 30 June 2023
29,440 
Depreciation
At 1 July 2022
12,189 
Charge for the year
3,450 
At 30 June 2023
15,639 
Net book value
At 30 June 2023
13,801 
At 30 June 2022
17,251 
5
Investment property
2023 
£ 
Additions
480,000 
At 30 June 2023
480,000 
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TCM DIRECT LTD Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
77,576 
16,012 
Taxes and social security
18,570 
8,350 
Loans from directors
599,963 
173,012 
Accruals
3,800 
1,750 
699,909 
199,124 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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