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REGISTERED NUMBER: 11378895 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

Tommaclad Limited

Tommaclad Limited (Registered number: 11378895)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tommaclad Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mr T P Billson





REGISTERED OFFICE: 7 Hollies Close
Newton Solney
Burton on Trent
Staffordshire
DE15 0SB





REGISTERED NUMBER: 11378895 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Tommaclad Limited (Registered number: 11378895)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 90,941 37,168

CURRENT ASSETS
Debtors 5 385,844 334,451
Cash at bank 9,352 20,459
395,196 354,910
CREDITORS
Amounts falling due within one year 6 308,575 259,015
NET CURRENT ASSETS 86,621 95,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,562

133,063

CREDITORS
Amounts falling due after more than one
year

7

(139,707

)

(49,241

)

PROVISIONS FOR LIABILITIES (20,354 ) (9,850 )
NET ASSETS 17,501 73,972

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,500 73,971
SHAREHOLDERS' FUNDS 17,501 73,972

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

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

Tommaclad Limited (Registered number: 11378895)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th June 2025 and were signed by:





Mr T P Billson - Director


Tommaclad Limited (Registered number: 11378895)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Tommaclad 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Tommaclad Limited (Registered number: 11378895)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2023 50,217 1,833 52,050
Additions 79,950 - 79,950
At 31st May 2024 130,167 1,833 132,000
DEPRECIATION
At 1st June 2023 13,354 1,528 14,882
Charge for year 25,872 305 26,177
At 31st May 2024 39,226 1,833 41,059
NET BOOK VALUE
At 31st May 2024 90,941 - 90,941
At 31st May 2023 36,863 305 37,168


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,151 74,050
Other debtors 342,693 260,401
385,844 334,451

Tommaclad Limited (Registered number: 11378895)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,618 9,994
Hire purchase contracts (see note 8) 10,712 4,584
Trade creditors 8,480 8,768
Taxation and social security 219,872 202,062
Other creditors 50,893 33,607
308,575 259,015

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 48,789 20,724
Hire purchase contracts (see note 8) 80,529 28,517
Other creditors 10,389 -
139,707 49,241

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 16,642 6,811
Between one and five years 89,173 31,806
105,815 38,617

Finance charges repayable:
Within one year 5,930 2,227
Between one and five years 8,644 3,289
14,574 5,516

Net obligations repayable:
Within one year 10,712 4,584
Between one and five years 80,529 28,517
91,241 33,101

Tommaclad Limited (Registered number: 11378895)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 8,339 9,536
Between one and five years 11,890 20,229
20,229 29,765

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 91,241 33,101
Bank loans 46,725 -
137,966 33,101

Hire purchase contracts are secured over the asset to which they relate.

Bank loans of £46,725 outstanding at 31st May 2024 are secured by a personal guarantee provided by the company's director.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr T P Billson
Balance outstanding at start of year 134,910 57,165
Amounts advanced 166,407 125,523
Amounts repaid (108,185 ) (47,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 193,132 134,910

Interest of £3,585 (2023 - £2,427) at a rates of 2.25% (2023 - 2% and 2.25%) was paid to the company in respect of these advances and there are no fixed terms for repayment.