Registered number
07601492
TDMPartners Ltd
Unaudited Filleted Accounts
31 March 2024
TDMPartners Ltd
Registered number: 07601492
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 7,589 5,478
Current assets
Debtors 5 86,347 116,297
Cash at bank and in hand 166,186 125,737
252,533 242,034
Creditors: amounts falling due within one year 6 (131,479) (82,486)
Net current assets 121,054 159,548
Total assets less current liabilities 128,643 165,026
Creditors: amounts falling due after more than one year 7 (23,062) (32,918)
Provisions for liabilities (1,897) (1,041)
Net assets 103,684 131,067
Capital and reserves
Called up share capital 100 100
Profit and loss account 103,584 130,967
Shareholders' funds 103,684 131,067
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A C Tuson
Director
Approved by the board on 20 November 2024
TDMPartners Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and office equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 9,600
At 31 March 2024 9,600
Amortisation
At 1 April 2023 9,600
At 31 March 2024 9,600
Net book value
At 31 March 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Computer and office equipment
£
Cost
At 1 April 2023 9,005
Additions 3,048
At 31 March 2024 12,053
Depreciation
At 1 April 2023 3,527
Charge for the year 937
At 31 March 2024 4,464
Net book value
At 31 March 2024 7,589
At 31 March 2023 5,478
5 Debtors 2024 2023
£ £
Trade debtors 83,623 112,334
Other debtors 2,724 3,963
86,347 116,297
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,546 3,546
Trade creditors 1,380 4,887
Deferred income 21,100 2,100
Taxation and social security costs 92,898 66,986
Other creditors 12,555 4,967
131,479 82,486
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,062 32,918
8 Other information
TDMPartners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A, Farriers Courtyard
Spelmonden Farm, Spelmonden Road
Goudhurst
Cranbrook
TN17 1HE
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