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REGISTERED NUMBER: 08981469 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TMG TRADING LIMITED

TMG TRADING LIMITED (Registered number: 08981469)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

TMG TRADING LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTORS: T M Gren
Mrs D Gren





SECRETARY: Mrs D Gren





REGISTERED OFFICE: 60 Pickhurst Park
Bromley
Kent
BR2 0TW





REGISTERED NUMBER: 08981469 (England and Wales)





ACCOUNTANTS: HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS

TMG TRADING LIMITED (Registered number: 08981469)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,100 19,530

CURRENT ASSETS
Debtors 5 9,078 13,913
Cash at bank 89,641 78,503
98,719 92,416
CREDITORS
Amounts falling due within one year 6 92,240 83,232
NET CURRENT ASSETS 6,479 9,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,579

28,714

CREDITORS
Amounts falling due after more than one year 7 (14,632 ) (24,173 )

PROVISIONS FOR LIABILITIES 9 (2,900 ) (3,711 )
NET ASSETS 3,047 830

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,947 730
SHAREHOLDERS' FUNDS 3,047 830

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 28 January 2025 and were signed on its behalf by:





T M Gren - Director


TMG TRADING LIMITED (Registered number: 08981469)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024

1. STATUTORY INFORMATION

TMG TRADING 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

TMG TRADING LIMITED (Registered number: 08981469)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 4,771 5,670 32,408 16,953 59,802
Additions - - 10,350 416 10,766
Disposals - - (26,208 ) - (26,208 )
At 30 April 2024 4,771 5,670 16,550 17,369 44,360
DEPRECIATION
At 1 May 2023 4,011 3,615 19,277 13,369 40,272
Charge for year 160 555 3,023 1,000 4,738
Eliminated on disposal - - (14,750 ) - (14,750 )
At 30 April 2024 4,171 4,170 7,550 14,369 30,260
NET BOOK VALUE
At 30 April 2024 600 1,500 9,000 3,000 14,100
At 30 April 2023 760 2,055 13,131 3,584 19,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 9,078 -
Directors' current accounts - 13,821
Prepayments - 92
9,078 13,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 8) 10,833 10,795
Trade creditors 15,653 13,246
Taxation and social security 45,257 34,274
Other creditors 20,497 24,917
92,240 83,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 8) 14,632 24,173

8. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - (38 )
Bounceback loan 10,833 10,833
10,833 10,795

TMG TRADING LIMITED (Registered number: 08981469)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

8. LOANS - continued
30.4.24 30.4.23
£    £   
Amounts falling due between one and two years:
Bounceback loan 1-2 Years 10,833 10,000

Amounts falling due between two and five years:
Bounceback loan 2-5 Years 3,799 14,173

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 2,900 3,711

Deferred
tax
£   
Balance at 1 May 2023 3,711
Utilised during year (811 )
Balance at 30 April 2024 2,900

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 May 2023 730
Profit for the year 52,217
Dividends (50,000 )
At 30 April 2024 2,947

TMG TRADING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
TMG TRADING 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS


28 January 2025