IRIS Accounts Production v24.3.0.553 06514852 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065148522023-02-28065148522024-02-29065148522023-03-012024-02-29065148522022-02-28065148522022-03-012023-02-28065148522023-02-2806514852ns15:EnglandWales2023-03-012024-02-2906514852ns14:PoundSterling2023-03-012024-02-2906514852ns10:Director12023-03-012024-02-2906514852ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906514852ns10:SmallEntities2023-03-012024-02-2906514852ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2906514852ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906514852ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906514852ns10:FullAccounts2023-03-012024-02-290651485212023-03-012024-02-2906514852ns10:Director22023-03-012024-02-2906514852ns10:RegisteredOffice2023-03-012024-02-2906514852ns5:CurrentFinancialInstruments2024-02-2906514852ns5:CurrentFinancialInstruments2023-02-2806514852ns5:Non-currentFinancialInstruments2024-02-2906514852ns5:Non-currentFinancialInstruments2023-02-2806514852ns5:ShareCapital2024-02-2906514852ns5:ShareCapital2023-02-2806514852ns5:RetainedEarningsAccumulatedLosses2024-02-2906514852ns5:RetainedEarningsAccumulatedLosses2023-02-2806514852ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906514852ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2906514852ns5:PlantMachinery2023-03-012024-02-2906514852ns5:IntangibleAssetsOtherThanGoodwill2024-02-2906514852ns5:PlantMachinery2023-02-2806514852ns5:PlantMachinery2024-02-2906514852ns5:PlantMachinery2023-02-2806514852ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2906514852ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2806514852ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2906514852ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-28
REGISTERED NUMBER: 06514852 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

TLAM Limited

TLAM Limited (Registered number: 06514852)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TLAM Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs T M Surman
E A Surman





REGISTERED OFFICE: Unit 20 Third Floor
The Library Building
Sun Street
Tewkesbury
Gloucestershire
GL20 5NX





REGISTERED NUMBER: 06514852 (England and Wales)





ACCOUNTANTS: DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TLAM Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TLAM Limited for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TLAM Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TLAM Limited and state those matters that we have agreed to state to the Board of Directors of TLAM Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TLAM Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TLAM Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TLAM Limited. You consider that TLAM Limited 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 financial statements of TLAM Limited. 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 financial statements.






DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB


29 November 2024

TLAM Limited (Registered number: 06514852)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,142 -
Tangible assets 5 4,889 10,370
10,031 10,370

CURRENT ASSETS
Stocks - 20,521
Debtors 6 1,159,575 1,066,563
Cash at bank 1,650 40
1,161,225 1,087,124
CREDITORS
Amounts falling due within one year 7 834,339 500,766
NET CURRENT ASSETS 326,886 586,358
TOTAL ASSETS LESS CURRENT LIABILITIES 336,917 596,728

CREDITORS
Amounts falling due after more than one
year

8

(192,688

)

(255,448

)

PROVISIONS FOR LIABILITIES (929 ) (2,857 )
NET ASSETS 143,300 338,423

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 143,299 338,422
143,300 338,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TLAM Limited (Registered number: 06514852)

Balance Sheet - continued
29 February 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 29 November 2024 and were signed on its behalf by:





Mrs T M Surman - Director


TLAM Limited (Registered number: 06514852)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

TLAM 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

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 - 33% on cost and 25% on reducing balance

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.

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.

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.

TLAM Limited (Registered number: 06514852)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 22 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 5,500
At 29 February 2024 5,500
AMORTISATION
Charge for year 358
At 29 February 2024 358
NET BOOK VALUE
At 29 February 2024 5,142

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 95,325
Additions 3,483
At 29 February 2024 98,808
DEPRECIATION
At 1 March 2023 84,955
Charge for year 8,964
At 29 February 2024 93,919
NET BOOK VALUE
At 29 February 2024 4,889
At 28 February 2023 10,370

TLAM Limited (Registered number: 06514852)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 41,782 7,513
Amounts owed by group undertakings 1,097,053 1,026,641
Amounts owed by participating interests 20,340 20,340
Other debtors 400 12,069
1,159,575 1,066,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 22,986 111,514
Payments on account 112,724 -
Trade creditors 69,609 21,640
Amounts owed to group undertakings 280,972 -
Taxation and social security 343,760 347,790
Other creditors 4,288 19,822
834,339 500,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 157,303 237,815
Other creditors 35,385 17,633
192,688 255,448

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Lending Crown - 1 year 35,385 17,633
Lending Crowd - over 1 year 130,606 184,650
Kingsley Asset Loan - over 1 y 11,111 27,778
177,102 230,061

9. RELATED PARTY DISCLOSURES

The loan to an associated company, Mushroom Management Limited, was written off during the year due to the company being liquidated. All other loans to or from group entities remain, and are interest free and repayable on demand.