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Registered number: 08265487
TCM Trailers Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Boss Partnership
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08265487
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,789 96,636
89,789 96,636
CURRENT ASSETS
Stocks 5 30,900 40,245
Debtors 6 47,752 27,848
Cash at bank and in hand 43,092 61,765
121,744 129,858
Creditors: Amounts Falling Due Within One Year 7 (119,093 ) (144,352 )
NET CURRENT ASSETS (LIABILITIES) 2,651 (14,494 )
TOTAL ASSETS LESS CURRENT LIABILITIES 92,440 82,142
Creditors: Amounts Falling Due After More Than One Year 8 (11,867 ) (21,267 )
NET ASSETS 80,573 60,875
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 80,473 60,775
SHAREHOLDERS' FUNDS 80,573 60,875
Page 1
Page 2
For the year ending 31 March 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L J Parnham
Director
27/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TCM Trailers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08265487 . The registered office is Tcm Trailers Ltd Watery Lane, Lichfield, Staffordshire, WS13 7SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Straight line
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 45,318 474,082 92,481 16,091
Additions - 2,000 16,200 -
Disposals - (65,814 ) (18,795 ) -
As at 31 March 2024 45,318 410,268 89,886 16,091
Depreciation
As at 1 April 2023 35,668 401,696 77,881 16,091
Provided during the period 4,532 9,008 6,791 -
Disposals - (63,127 ) (16,074 ) -
As at 31 March 2024 40,200 347,577 68,598 16,091
Net Book Value
As at 31 March 2024 5,118 62,691 21,288 -
As at 1 April 2023 9,650 72,386 14,600 -
Computer Equipment Total
£ £
Cost
As at 1 April 2023 4,133 632,105
Additions 828 19,028
Disposals - (84,609 )
As at 31 March 2024 4,961 566,524
...CONTINUED
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Depreciation
As at 1 April 2023 4,133 535,469
Provided during the period 136 20,467
Disposals - (79,201 )
As at 31 March 2024 4,269 476,735
Net Book Value
As at 31 March 2024 692 89,789
As at 1 April 2023 - 96,636
5. Stocks
2024 2023
£ £
Stock 30,900 40,245
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,409 17,615
Prepayments and accrued income 13,343 10,201
Directors' loan accounts - 32
47,752 27,848
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 6,458
Trade creditors 17,231 11,842
Bank loans and overdrafts 9,800 14,138
Other taxes and social security 4,211 6,016
VAT 18,719 22,800
Pension Liabilities 682 640
Accruals and deferred income 67,718 82,388
Directors' loan accounts 732 70
119,093 144,352
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,867 21,267
11,867 21,267
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 6,458
Later than one year and not later than five years - -
- 6,458
- 6,458
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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