| Registered Number:NI641816 |
For the year ended 30 October 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 October 2024
TMC Contracts Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
TMC Contracts Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
238,307
266,047
2
238,307
266,047
500
500
3
| Trade and other receivables |
17,246
20,019
4
2,325
| Cash and cash equivalents |
6,234
26,753
20,071
| Trade and other payables: amounts falling due within one |
| year |
(39,406)
(85,443)
5
(19,335)
(58,690)
Net current liabilities
| Total assets less current liabilities |
179,617
246,712
| Trade and other payables: amounts falling due after more |
| than one year |
(16,841)
(6,841)
6
(26,985)
(35,057)
| Provisions for liabilities |
145,791
Net assets
194,814
100
100
145,691
194,714
145,791
194,814
Shareholders' funds
| For the year ended 30 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Tiarnan Connolly Director |
| These financial statements were approved and authorised for issue by the Board on 04 July 2025 and were signed by: |
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For the year ended 30 October 2024
TMC Contracts Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 30 October 2024
TMC Contracts Limited
Notes to the Financial Statements
Statutory Information
| TMC Contracts Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
| number NI641816. |
Rosevale
21 Desart Lane
Armagh
BT61 8AR
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 October 2024
TMC Contracts Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
565,469
332
62,153
502,984
33,179
-
-
33,179
536,163
62,153
332
598,648
| Provision for depreciation and impairment |
299,422
162
40,663
258,597
Charge for year
60,919
34
5,372
55,513
360,341
196
46,035
314,110
222,053
16,118
136
238,307
244,387
21,490
170
266,047
2023
2024
500
500
| 4. Trade and other receivables |
2023
2024
20,019
17,246
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
10,659
10,659
74,784
28,747
85,443
39,406
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For the year ended 30 October 2024
TMC Contracts Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
6,841
16,841
| 7. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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