IRIS Accounts Production v24.2.0.383 11427226 director 31.5.23 30.5.24 30.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114272262023-05-30114272262024-05-30114272262023-05-312024-05-30114272262022-05-30114272262022-05-312023-05-30114272262023-05-3011427226ns15:EnglandWales2023-05-312024-05-3011427226ns14:PoundSterling2023-05-312024-05-3011427226ns10:Director12023-05-312024-05-3011427226ns10:PrivateLimitedCompanyLtd2023-05-312024-05-3011427226ns10:SmallEntities2023-05-312024-05-3011427226ns10:AuditExempt-NoAccountantsReport2023-05-312024-05-3011427226ns10:SmallCompaniesRegimeForDirectorsReport2023-05-312024-05-3011427226ns10:SmallCompaniesRegimeForAccounts2023-05-312024-05-3011427226ns10:FullAccounts2023-05-312024-05-3011427226ns10:RegisteredOffice2023-05-312024-05-3011427226ns5:CurrentFinancialInstruments2024-05-3011427226ns5:CurrentFinancialInstruments2023-05-3011427226ns5:ShareCapital2024-05-3011427226ns5:ShareCapital2023-05-3011427226ns5:RetainedEarningsAccumulatedLosses2024-05-3011427226ns5:RetainedEarningsAccumulatedLosses2023-05-3011427226ns5:PlantMachinery2023-05-312024-05-3011427226ns5:ComputerEquipment2023-05-312024-05-3011427226ns5:PlantMachinery2023-05-3011427226ns5:ComputerEquipment2023-05-3011427226ns5:PlantMachinery2024-05-3011427226ns5:ComputerEquipment2024-05-3011427226ns5:PlantMachinery2023-05-3011427226ns5:ComputerEquipment2023-05-3011427226ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3011427226ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-30
REGISTERED NUMBER: 11427226 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MAY 2024

FOR

TMH INDUSTRIAL TRUCK SERVICES LTD

TMH INDUSTRIAL TRUCK SERVICES LTD (REGISTERED NUMBER: 11427226)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TMH INDUSTRIAL TRUCK SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH MAY 2024







DIRECTOR: J Townsend





REGISTERED OFFICE: 5 Meux Close
Cheshunt
Waltham Cross
Hertfordshire
EN7 5DQ





REGISTERED NUMBER: 11427226 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

TMH INDUSTRIAL TRUCK SERVICES LTD (REGISTERED NUMBER: 11427226)

BALANCE SHEET
30TH MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,556 3,635

CURRENT ASSETS
Stocks 5 1,426 1,426
Debtors 6 1,575 5,307
Cash at bank 9,925 4,062
12,926 10,795
CREDITORS
Amounts falling due within one year 7 24,078 20,800
NET CURRENT LIABILITIES (11,152 ) (10,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,596

)

(6,370

)

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (8,616 ) (6,390 )
SHAREHOLDERS' FUNDS (8,596 ) (6,370 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TMH INDUSTRIAL TRUCK SERVICES LTD (REGISTERED NUMBER: 11427226)

BALANCE SHEET - continued
30TH 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 director and authorised for issue on 30th December 2024 and were signed by:





J Townsend - Director


TMH INDUSTRIAL TRUCK SERVICES LTD (REGISTERED NUMBER: 11427226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH MAY 2024

1. STATUTORY INFORMATION

TMH Industrial Truck Services Ltd 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.

The director has assessed various factors and risks affecting the company and its ability in these difficult social and economic times to continue to trade as a going concern.The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. In that regard the director aims to continue to support the company by way of director funding and have not indicated that such support will be withdrawn in the foreseeable future.

On the basis of all of the foregoing, the financial statements for the year ended 30th May 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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 the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The director considers all financial instruments to be basic financial instruments in accordance with section 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.


TMH INDUSTRIAL TRUCK SERVICES LTD (REGISTERED NUMBER: 11427226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 31st May 2023
and 30th May 2024 5,604 1,879 7,483
DEPRECIATION
At 31st May 2023 2,660 1,188 3,848
Charge for year 873 206 1,079
At 30th May 2024 3,533 1,394 4,927
NET BOOK VALUE
At 30th May 2024 2,071 485 2,556
At 30th May 2023 2,944 691 3,635

5. STOCKS
2024 2023
£    £   
Stocks 1,426 1,426

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,575 3,323
Tax - 1,855
VAT - 129
1,575 5,307

TMH INDUSTRIAL TRUCK SERVICES LTD (REGISTERED NUMBER: 11427226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,246 1,882
VAT 308 -
Other creditors 6,231 7,055
Directors' current accounts 13,693 11,263
Accrued expenses 600 600
24,078 20,800