Company registration number 09987519 (England and Wales)
TMR SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TMR SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
Mr C James
Mr T R Mason
Company number
09987519
Registered office
Regency House
48 Birmingham Road
Bromsgrove
Worcestershire
B61 0DD
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
NatWest Bank
Broadstairs Branch
Chatham Customer Service Centre
Chatham Maritime
Chatham
Kent
ME4 4RT
TMR SOLUTIONS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
TMR SOLUTIONS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TMR SOLUTIONS LIMITED FOR THE YEAR ENDED 30 APRIL 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TMR Solutions Limited for the year ended 30 April 2024 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of TMR Solutions 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 TMR Solutions Limited and state those matters that we have agreed to state to the board of directors of TMR Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TMR Solutions Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that TMR Solutions 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 profit of TMR Solutions Limited. You consider that TMR Solutions 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 TMR Solutions 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.

Ormerod Rutter Limited
31 August 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TMR SOLUTIONS LIMITED
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,220
5,626
Current assets
Debtors
4
1,174,006
726,911
Cash at bank and in hand
2,688
1,099
1,176,694
728,010
Creditors: amounts falling due within one year
5
(1,129,100)
(657,254)
Net current assets
47,594
70,756
Total assets less current liabilities
51,814
76,382
Creditors: amounts falling due after more than one year
6
(49,910)
(65,434)
Provisions for liabilities
8
(1,010)
(1,069)
Net assets
894
9,879
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
794
9,779
Total equity
894
9,879

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TMR SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024
30 April 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 31 August 2024 and are signed on its behalf by:
Mr C James
Mr T R Mason
Director
Director
Company registration number 09987519 (England and Wales)
TMR SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

TMR Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Regency House, 48 Birmingham Road, Bromsgrove, Worcestershire, B61 0DD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computer equipment
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TMR SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
4
TMR SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
7,671
5,385
13,056
Depreciation and impairment
At 1 May 2023
3,782
3,648
7,430
Depreciation charged in the year
972
434
1,406
At 30 April 2024
4,754
4,082
8,836
Carrying amount
At 30 April 2024
2,917
1,303
4,220
At 30 April 2023
3,889
1,737
5,626
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
467,755
491,780
Other debtors
706,251
235,131
1,174,006
726,911
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
15,532
15,508
Trade creditors
431,932
44,550
Taxation and social security
314,350
145,553
Other creditors
367,286
451,643
1,129,100
657,254
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
49,910
65,434
TMR SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
7
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
65,442
80,942
Factoring account
363,277
448,990
428,719
529,932
Bank loans are secured by way of a fixed and floating charge over all assets of the company, or by way of a government-backed guarantee.
All monies due or to become due from the company to the factoring company are secured against trade debtors.
8
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,010
1,069
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
60
60
60
60
Ordinary B of £1 each
40
40
40
40
100
100
100
100
10
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan accounts
2.25
204,589
445,144
10,305
(132,000)
528,038
204,589
445,144
10,305
(132,000)
528,038
11
Ultimate controlling party

The ultimate controlling party is Mr T R Mason.

2024-04-302023-05-01false31 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr C JamesMr T R Masonfalsefalse099875192023-05-012024-04-3009987519bus:Director12023-05-012024-04-3009987519bus:Director22023-05-012024-04-3009987519bus:RegisteredOffice2023-05-012024-04-3009987519bus:Agent12023-05-012024-04-30099875192024-04-30099875192023-04-3009987519core:FurnitureFittings2024-04-3009987519core:ComputerEquipment2024-04-3009987519core:FurnitureFittings2023-04-3009987519core:ComputerEquipment2023-04-3009987519core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3009987519core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3009987519core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3009987519core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3009987519core:CurrentFinancialInstruments2024-04-3009987519core:CurrentFinancialInstruments2023-04-3009987519core:ShareCapital2024-04-3009987519core:ShareCapital2023-04-3009987519core:RetainedEarningsAccumulatedLosses2024-04-3009987519core:RetainedEarningsAccumulatedLosses2023-04-3009987519core:ShareCapitalOrdinaryShares2024-04-3009987519core:ShareCapitalOrdinaryShares2023-04-3009987519core:FurnitureFittings2023-05-012024-04-3009987519core:ComputerEquipment2023-05-012024-04-30099875192022-05-012023-04-3009987519core:FurnitureFittings2023-04-3009987519core:ComputerEquipment2023-04-30099875192023-04-3009987519core:WithinOneYear2024-04-3009987519core:WithinOneYear2023-04-3009987519core:Non-currentFinancialInstruments2024-04-3009987519core:Non-currentFinancialInstruments2023-04-3009987519bus:PrivateLimitedCompanyLtd2023-05-012024-04-3009987519bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009987519bus:FRS1022023-05-012024-04-3009987519bus:AuditExemptWithAccountantsReport2023-05-012024-04-3009987519bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP