Company Registration No. 07336346 (England and Wales)
TMC Bespoke Joinery Limited
Unaudited accounts
for the year ended 31 March 2024
TMC Bespoke Joinery Limited
Unaudited accounts
Contents
TMC Bespoke Joinery Limited
Company Information
for the year ended 31 March 2024
Directors
S A Topper
M J Matley
Company Number
07336346 (England and Wales)
Registered Office
Unit 6
Castlefields Industrial Estate
Bingley
West Yorkshire
BD16 2AG
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
TMC Bespoke Joinery Limited
Statement of financial position
as at 31 March 2024
Tangible assets
14,505
18,915
Cash at bank and in hand
123,485
130,730
Creditors: amounts falling due within one year
(76,464)
(86,544)
Net current assets
117,561
95,035
Total assets less current liabilities
132,066
113,950
Provisions for liabilities
Deferred tax
(2,755)
(3,600)
Net assets
129,311
110,350
Called up share capital
6
6
Profit and loss account
129,305
110,344
Shareholders' funds
129,311
110,350
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 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 22 November 2024 and were signed on its behalf by
S A Topper
Director
Company Registration No. 07336346
TMC Bespoke Joinery Limited
Notes to the Accounts
for the year ended 31 March 2024
TMC Bespoke Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 07336346. The registered office is Unit 6, Castlefields Industrial Estate, Bingley, West Yorkshire, BD16 2AG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33.33% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
TMC Bespoke Joinery Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
73,390
25,224
12,971
708
112,293
At 31 March 2024
73,390
25,224
12,971
708
112,293
At 1 April 2023
62,790
19,271
10,609
708
93,378
Charge for the year
2,280
1,488
642
-
4,410
At 31 March 2024
65,070
20,759
11,251
708
97,788
At 31 March 2024
8,320
4,465
1,720
-
14,505
At 31 March 2023
10,600
5,953
2,362
-
18,915
Amounts falling due within one year
Trade debtors
54,857
37,114
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
24,127
16,353
Taxes and social security
179
1,134
Loans from directors
56,280
60,244
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).