IRIS Accounts Production v25.1.4.42 04523544 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045235442023-10-31045235442024-10-31045235442023-11-012024-10-31045235442022-10-31045235442022-11-012023-10-31045235442023-10-3104523544ns15:EnglandWales2023-11-012024-10-3104523544ns14:PoundSterling2023-11-012024-10-3104523544ns10:Director12023-11-012024-10-3104523544ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3104523544ns10:SmallEntities2023-11-012024-10-3104523544ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3104523544ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3104523544ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104523544ns10:FullAccounts2023-11-012024-10-3104523544ns10:Director22023-11-012024-10-3104523544ns10:CompanySecretary12023-11-012024-10-3104523544ns10:RegisteredOffice2023-11-012024-10-3104523544ns5:CurrentFinancialInstruments2024-10-3104523544ns5:CurrentFinancialInstruments2023-10-3104523544ns5:Non-currentFinancialInstruments2024-10-3104523544ns5:Non-currentFinancialInstruments2023-10-3104523544ns5:ShareCapital2024-10-3104523544ns5:ShareCapital2023-10-3104523544ns5:RetainedEarningsAccumulatedLosses2024-10-3104523544ns5:RetainedEarningsAccumulatedLosses2023-10-3104523544ns5:PlantMachinery2023-11-012024-10-3104523544ns5:PlantMachinery2023-10-3104523544ns5:PlantMachinery2024-10-3104523544ns5:PlantMachinery2023-10-3104523544ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3104523544ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3104523544ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3104523544ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3104523544ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3104523544ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 04523544 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

TMC Distribution Limited

TMC Distribution Limited (Registered number: 04523544)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

TMC Distribution Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: TM Cooke
Mrs M A Cooke





SECRETARY: Mrs M A Cooke





REGISTERED OFFICE: Samson Road
Hermitage Industrial Estate
Coalville
Leicestershire
LE67 3FP





REGISTERED NUMBER: 04523544 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

TMC Distribution Limited (Registered number: 04523544)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 636,190 651,804

CURRENT ASSETS
Debtors 5 1,698,802 1,833,578
Cash at bank and in hand 602,942 841,021
2,301,744 2,674,599
CREDITORS
Amounts falling due within one year 6 1,257,435 1,631,886
NET CURRENT ASSETS 1,044,309 1,042,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,680,499

1,694,517

CREDITORS
Amounts falling due after more than one year 7 (52,707 ) (80,082 )

PROVISIONS FOR LIABILITIES (154,369 ) (142,303 )
NET ASSETS 1,473,423 1,472,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,473,323 1,472,032
SHAREHOLDERS' FUNDS 1,473,423 1,472,132

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

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

TMC Distribution Limited (Registered number: 04523544)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 8 July 2025 and were signed on its behalf by:





Mrs M A Cooke - Director


TMC Distribution Limited (Registered number: 04523544)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

TMC Distribution 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and at varying rates 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

TMC Distribution Limited (Registered number: 04523544)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employer financed retirement benefits scheme
During the period ended 31st October 2010 the Company established an employer financed retirement benefits scheme (''The Scheme'') for the benefit of its officers, employees and their wider families. The Scheme consisted of 2 employee benefit trusts called The TMC Distribution Ltd Employer Financed Retirement Benefits Scheme (established in the year ended 31st October 2010) and The TMC Distribution Ltd Employer Financed Retirement Benefits Scheme No 2 (established in the year ended 31st October 2011). The scheme has now been closed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 1,344,212
Additions 256,598
Disposals (245,388 )
At 31 October 2024 1,355,422
DEPRECIATION
At 1 November 2023 692,408
Charge for year 259,893
Eliminated on disposal (233,069 )
At 31 October 2024 719,232
NET BOOK VALUE
At 31 October 2024 636,190
At 31 October 2023 651,804

TMC Distribution Limited (Registered number: 04523544)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 444,054
Additions 86,505
Disposals (84,468 )
Transfer to ownership (36,500 )
At 31 October 2024 409,591
DEPRECIATION
At 1 November 2023 171,409
Charge for year 73,312
Eliminated on disposal (77,871 )
Transfer to ownership (20,531 )
At 31 October 2024 146,319
NET BOOK VALUE
At 31 October 2024 263,272
At 31 October 2023 272,645

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,207,088 1,339,651
Amounts owed by group undertakings 481,861 456,357
Other debtors 9,853 37,570
1,698,802 1,833,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,246 9,994
Hire purchase contracts 91,152 111,899
Trade creditors 646,115 1,086,596
Taxation and social security 389,276 366,341
Other creditors 120,646 57,056
1,257,435 1,631,886

TMC Distribution Limited (Registered number: 04523544)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 10,508 20,752
Hire purchase contracts 42,199 59,330
52,707 80,082

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TMC Distribution 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TMC Distribution Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of TMC Distribution Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TMC Distribution Limited and state those matters that we have agreed to state to the Board of Directors of TMC Distribution Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TMC Distribution Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TMC Distribution Limited. You consider that TMC Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TMC Distribution Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


8 July 2025