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REGISTERED NUMBER: 10776471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TOM MAC STUD LTD

TOM MAC STUD LTD (REGISTERED NUMBER: 10776471)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOM MAC STUD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: T F McCarthy





REGISTERED OFFICE: 33a High Street
Chislehurst
Kent
BR7 5AE





REGISTERED NUMBER: 10776471 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
Suite 1B
Quadrant House North
65 Croydon Road
Caterham
Surrey
CR3 6PB

TOM MAC STUD LTD (REGISTERED NUMBER: 10776471)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 161,920 162,560

CURRENT ASSETS
Stocks 464,348 443,348
Debtors 5 842 890
Cash at bank and in hand 717 1,705
465,907 445,943
CREDITORS
Amounts falling due within one year 6 (128,408 ) (108,896 )
NET CURRENT ASSETS 337,499 337,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,419

499,607

CREDITORS
Amounts falling due after more than one
year

7

(694,848

)

(694,848

)
NET LIABILITIES (195,429 ) (195,241 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (195,529 ) (195,341 )
(195,429 ) (195,241 )

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

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

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 31 May 2025 and were signed by:





T F McCarthy - Director


TOM MAC STUD LTD (REGISTERED NUMBER: 10776471)

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


1. STATUTORY INFORMATION

Tom Mac Stud 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.

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 - 10% 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.

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.

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 - NIL).

TOM MAC STUD LTD (REGISTERED NUMBER: 10776471)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 160,000 6,400 166,400
DEPRECIATION
At 1 June 2023 - 3,840 3,840
Charge for year - 640 640
At 31 May 2024 - 4,480 4,480
NET BOOK VALUE
At 31 May 2024 160,000 1,920 161,920
At 31 May 2023 160,000 2,560 162,560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 842 890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,284 14,902
Other creditors 103,124 83,994
128,408 108,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 37,066 37,066
Other creditors 657,782 657,782
694,848 694,848