TSMG Consulting Ltd NI643410 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is engineering consultancy Digita Accounts Production Advanced 6.30.9574.0 true NI643410 2024-02-01 2025-01-31 NI643410 2025-01-31 NI643410 bus:OrdinaryShareClass1 2025-01-31 NI643410 core:CurrentFinancialInstruments 2025-01-31 NI643410 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 NI643410 core:FurnitureFittingsToolsEquipment 2025-01-31 NI643410 bus:SmallEntities 2024-02-01 2025-01-31 NI643410 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 NI643410 bus:FilletedAccounts 2024-02-01 2025-01-31 NI643410 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 NI643410 bus:RegisteredOffice 2024-02-01 2025-01-31 NI643410 bus:Director1 2024-02-01 2025-01-31 NI643410 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 NI643410 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 NI643410 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 NI643410 core:OfficeEquipment 2024-02-01 2025-01-31 NI643410 countries:NorthernIreland 2024-02-01 2025-01-31 NI643410 2024-01-31 NI643410 core:FurnitureFittingsToolsEquipment 2024-01-31 NI643410 2023-02-01 2024-01-31 NI643410 2024-01-31 NI643410 bus:OrdinaryShareClass1 2024-01-31 NI643410 core:CurrentFinancialInstruments 2024-01-31 NI643410 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 NI643410 core:FurnitureFittingsToolsEquipment 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI643410

TSMG Consulting Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

TSMG Consulting Ltd

(Registration number: NI643410)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

821

1,315

Current assets

 

Work in progress

5

6,489

4,275

Debtors and prepayments

6

300

-

Cash at bank and in hand

 

87,699

99,606

 

94,488

103,881

Creditors: Amounts falling due within one year

7

(47,729)

(54,313)

Net current assets

 

46,759

49,568

Total assets less current liabilities

 

47,580

50,883

Provisions for liabilities

(211)

(250)

Net assets

 

47,369

50,633

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

47,269

50,533

Shareholders' funds

 

47,369

50,633

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

TSMG Consulting Ltd

(Registration number: NI643410)
Balance Sheet as at 31 January 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 June 2025
 

.........................................
Mr Thomas Samuel McGreer
Director

 

TSMG Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 14 Ashfield, Broughshane, Ballymena, Co Antrim, BT42 4DJ.

These financial statements were authorised for issue by the director on 10 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

TSMG Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Work in progress

Work in progress comprises the value of work undertaken in respect of the provision of services as at the reporting date. The value of the work is calculated based on a combination of the degree of completion and the expected fee level.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

TSMG Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2024

3,213

3,213

Additions

142

142

Disposals

(1,443)

(1,443)

At 31 January 2025

1,912

1,912

Depreciation

At 1 February 2024

1,898

1,898

Charge for the year

244

244

Eliminated on disposal

(1,051)

(1,051)

At 31 January 2025

1,091

1,091

Carrying amount

At 31 January 2025

821

821

At 31 January 2024

1,315

1,315

 

TSMG Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Work in progress

2025
£

2024
£

Work in progress

6,489

4,275

6

Debtors

Current

2025
£

2024
£

Prepayments

300

-

 

300

-

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

9,149

6,594

Accruals and deferred income

3,292

5,250

Other creditors

35,288

42,469

47,729

54,313

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

2025
£

2024
 £

Director's current account

(35,167)

(42,520)