Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr J A Carroll 01/10/2006 Mr D J Taylor 06/04/2006 Mrs N C Taylor 28/11/2014 11 July 2025 The principal activity of the company continued to be that of joinery contractors. 05493485 2025-03-31 05493485 bus:Director1 2025-03-31 05493485 bus:Director2 2025-03-31 05493485 bus:Director3 2025-03-31 05493485 2024-03-31 05493485 core:CurrentFinancialInstruments 2025-03-31 05493485 core:CurrentFinancialInstruments 2024-03-31 05493485 core:ShareCapital 2025-03-31 05493485 core:ShareCapital 2024-03-31 05493485 core:RetainedEarningsAccumulatedLosses 2025-03-31 05493485 core:RetainedEarningsAccumulatedLosses 2024-03-31 05493485 core:Goodwill 2024-03-31 05493485 core:Goodwill 2025-03-31 05493485 core:Vehicles 2024-03-31 05493485 core:FurnitureFittings 2024-03-31 05493485 core:Vehicles 2025-03-31 05493485 core:FurnitureFittings 2025-03-31 05493485 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2025-03-31 05493485 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-03-31 05493485 bus:OrdinaryShareClass1 2025-03-31 05493485 bus:OrdinaryShareClass2 2025-03-31 05493485 bus:OrdinaryShareClass3 2025-03-31 05493485 2024-04-01 2025-03-31 05493485 bus:FilletedAccounts 2024-04-01 2025-03-31 05493485 bus:SmallEntities 2024-04-01 2025-03-31 05493485 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05493485 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05493485 bus:Director1 2024-04-01 2025-03-31 05493485 bus:Director2 2024-04-01 2025-03-31 05493485 bus:Director3 2024-04-01 2025-03-31 05493485 core:Vehicles 2024-04-01 2025-03-31 05493485 core:FurnitureFittings 2024-04-01 2025-03-31 05493485 2023-04-01 2024-03-31 05493485 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05493485 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05493485 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 05493485 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05493485 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 05493485 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05493485 (England and Wales)

TMJ CONTRACTORS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

TMJ CONTRACTORS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

TMJ CONTRACTORS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2025
TMJ CONTRACTORS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS Mr J A Carroll
Mr D J Taylor
Mrs N C Taylor
REGISTERED OFFICE Good Hope Mill
107 Cavendish Street
Ashton-Under-Lyne
OL6 7SW
United Kingdom
COMPANY NUMBER 05493485 (England and Wales)
ACCOUNTANT Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
TMJ CONTRACTORS LTD

BALANCE SHEET

As at 31 March 2025
TMJ CONTRACTORS LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 5 283,537 168,621
283,537 168,621
Current assets
Debtors 6 2,845,606 2,224,082
Cash at bank and in hand 7 2,984,019 2,451,122
5,829,625 4,675,204
Creditors: amounts falling due within one year 8 ( 3,797,904) ( 2,660,478)
Net current assets 2,031,721 2,014,726
Total assets less current liabilities 2,315,258 2,183,347
Provision for liabilities 9 ( 70,884) ( 42,155)
Net assets 2,244,374 2,141,192
Capital and reserves
Called-up share capital 10 4 4
Profit and loss account 2,244,370 2,141,188
Total shareholder's funds 2,244,374 2,141,192

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of TMJ Contractors Ltd (registered number: 05493485) were approved and authorised for issue by the Board of Directors on 11 July 2025. They were signed on its behalf by:

Mr D J Taylor
Director
TMJ CONTRACTORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
TMJ CONTRACTORS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TMJ Contractors Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Good Hope Mill, 107 Cavendish Street, Ashton-Under-Lyne, OL6 7SW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the Balance Sheet date. This is normally measured by the proportion that contract costs incurred for work performed to date bear to the estimated total contract costs, except where this would not be representative of the stage of completion. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

Employee benefits

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

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 28 24

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 April 2024 7,000 7,000
At 31 March 2025 7,000 7,000
Accumulated amortisation
At 01 April 2024 7,000 7,000
At 31 March 2025 7,000 7,000
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

5. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 April 2024 375,672 115,183 490,855
Additions 172,612 18,954 191,566
Disposals ( 142,052) 0 ( 142,052)
At 31 March 2025 406,232 134,137 540,369
Accumulated depreciation
At 01 April 2024 246,172 76,062 322,234
Charge for the financial year 47,076 12,560 59,636
Disposals ( 125,038) 0 ( 125,038)
At 31 March 2025 168,210 88,622 256,832
Net book value
At 31 March 2025 238,022 45,515 283,537
At 31 March 2024 129,500 39,121 168,621

6. Debtors

2025 2024
£ £
Trade debtors 2,471,337 1,857,478
Amounts owed by fellow subsidiaries 546 546
Other debtors 373,723 366,058
2,845,606 2,224,082

7. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 2,984,019 2,451,122

8. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 858,137 889,184
Amounts owed to Group undertakings 2,656,131 1,439,932
Taxation and social security 163,863 209,791
Other creditors 119,773 121,571
3,797,904 2,660,478

9. Provision for liabilities

2025 2024
£ £
Deferred tax 70,884 42,155

10. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 B ordinary shares of £ 1.00 each 2.00 2.00
102 A1 ordinary shares of £ 0.01 each 1.02 1.02
98 A2 ordinary shares of £ 0.01 each 0.98 0.98
4.00 4.00

11. Ultimate controlling party

Parent Company:

TMJ Group Limited
107 Cavendish Street
Ashton-Under-Lyne