IRIS Accounts Production v24.2.0.383 07636107 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076361072023-05-31076361072024-05-31076361072023-06-012024-05-31076361072022-05-31076361072022-06-012023-05-31076361072023-05-3107636107ns15:EnglandWales2023-06-012024-05-3107636107ns14:PoundSterling2023-06-012024-05-3107636107ns10:Director12023-06-012024-05-3107636107ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107636107ns10:SmallEntities2023-06-012024-05-3107636107ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107636107ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107636107ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107636107ns10:FullAccounts2023-06-012024-05-3107636107ns10:OrdinaryShareClass12023-06-012024-05-3107636107ns10:Director22023-06-012024-05-3107636107ns10:RegisteredOffice2023-06-012024-05-3107636107ns5:CurrentFinancialInstruments2024-05-3107636107ns5:CurrentFinancialInstruments2023-05-3107636107ns5:Non-currentFinancialInstruments2024-05-3107636107ns5:Non-currentFinancialInstruments2023-05-3107636107ns5:ShareCapital2024-05-3107636107ns5:ShareCapital2023-05-3107636107ns5:RetainedEarningsAccumulatedLosses2024-05-3107636107ns5:RetainedEarningsAccumulatedLosses2023-05-3107636107ns5:PlantMachinery2023-06-012024-05-3107636107ns5:PlantMachinery2023-05-3107636107ns5:PlantMachinery2024-05-3107636107ns5:PlantMachinery2023-05-3107636107ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107636107ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3107636107ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 07636107 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

TMS Projects Limited

TMS Projects Limited (Registered number: 07636107)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TMS Projects Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Swingler
C E Swingler





REGISTERED OFFICE: 51 Cardinal Drive
Spennells
Kidderminster
Worcestershire
DY10 4RZ





REGISTERED NUMBER: 07636107 (England and Wales)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
c/o Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL

TMS Projects Limited (Registered number: 07636107)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23 321

CURRENT ASSETS
Stocks 810 1,262
Debtors 5 36,503 2,301
Cash at bank 47,494 9,379
84,807 12,942
CREDITORS
Amounts falling due within one year 6 51,992 16,333
NET CURRENT ASSETS/(LIABILITIES) 32,815 (3,391 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,838

(3,070

)

CREDITORS
Amounts falling due after more than one
year

7

8,409

-
NET ASSETS/(LIABILITIES) 24,429 (3,070 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 24,428 (3,071 )
SHAREHOLDERS' FUNDS 24,429 (3,070 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

TMS Projects Limited (Registered number: 07636107)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





A Swingler - Director


TMS Projects Limited (Registered number: 07636107)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

TMS Projects 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Creditors which are debt instrument, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TMS Projects Limited (Registered number: 07636107)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 26,990
DEPRECIATION
At 1 June 2023 26,669
Charge for year 298
At 31 May 2024 26,967
NET BOOK VALUE
At 31 May 2024 23
At 31 May 2023 321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 35,780 662
Other debtors 723 1,639
36,503 2,301

TMS Projects Limited (Registered number: 07636107)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 10,523 5,969
Taxation and social security 27,098 1,374
Other creditors 14,371 8,990
51,992 16,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 8,409 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1