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REGISTERED NUMBER: 07714465 (England and Wales)















T M ELECTRONIC SERVICES (NORFOLK) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


T M ELECTRONIC SERVICES (NORFOLK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr T F Murrell





REGISTERED OFFICE: 20 Kings Lynn Road
Hunstanton
Norfolk
PE36 5HP





BUSINESS ADDRESS: 77-79 Lynn Road
Snettisham
King's Lynn
Norfolk
PE31 7QA





REGISTERED NUMBER: 07714465 (England and Wales)






T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,222 12,298

CURRENT ASSETS
Stocks 9,046 5,800
Debtors 5 41,181 29,240
Cash at bank 8,473 9,870
58,700 44,910
CREDITORS
Amounts falling due within one year 6 32,697 29,706
NET CURRENT ASSETS 26,003 15,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,225

27,502

CREDITORS
Amounts falling due after more than
one year

7

(15,750

)

(18,750

)

PROVISIONS FOR LIABILITIES (2,305 ) (3,074 )
NET ASSETS 17,170 5,678

T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)

BALANCE SHEET - continued
31 JULY 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,070 5,578
SHAREHOLDERS' FUNDS 17,170 5,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





Mr T F Murrell - Director


T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

T M Electronic Services (Norfolk) 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.

Turnover
Turnover represents net invoiced and accrued sales of goods, excluding value added tax.

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 etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 44,701
DEPRECIATION
At 1 August 2023 32,403
Charge for year 3,076
At 31 July 2024 35,479
NET BOOK VALUE
At 31 July 2024 9,222
At 31 July 2023 12,298

T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 4,170 15,358
Directors' current accounts 37,011 13,882
41,181 29,240

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other loans 3,000 3,000
Trade creditors 8,945 9,047
Tax 9,597 4,346
CT61 tax 1,450 1,450
VAT 2,905 9,413
Accrued expenses 6,800 2,450
32,697 29,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 3,000 3,000
Other loans - 2-5 years 12,750 15,750
15,750 18,750

T M ELECTRONIC SERVICES (NORFOLK) LTD (REGISTERED NUMBER: 07714465)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr T F Murrell
Balance outstanding at start of year 13,882 (2,566 )
Amounts advanced 58,927 43,425
Amounts repaid (35,798 ) (26,977 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,011 13,882

Interest is charged on any overdrawn directors loan account balance at the official rate of interest.