Terrain Surveys Midlands Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04944046

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,399		3,089

			2,399		3,089
CURRENT ASSETS
Stocks	5	2,134		1,972
Debtors	6	117,258		188,679
Cash at bank and in hand		20,667		5,139

		140,059		195,790
Creditors: Amounts Falling Due Within One Year	7	(83,787 )		(139,711 )

NET CURRENT ASSETS (LIABILITIES)			56,272		56,079

TOTAL ASSETS LESS CURRENT LIABILITIES			58,671		59,168

Creditors: Amounts Falling Due After More Than One Year	8		(162,183 )		(189,342 )

NET LIABILITIES			(103,512 )		(130,174 )

CAPITAL AND RESERVES
Called up share capital	9		2,545		2,545
Profit and Loss Account			(106,057 )		(132,719 )

SHAREHOLDERS' FUNDS			(103,512)		(130,174)

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Terrain Surveys Midlands Limited

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Graham King

Director

10/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Terrain Surveys Midlands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04944046 . The registered office is Unit 4 Davy Court, Central Park, Rugby, CV23 0UZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	Over 4 years
Fixtures & Fittings	Over 5 Years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 15)

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Terrain Surveys Midlands Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	147,135	14,062	161,197
Additions	787	-	787

As at 31 March 2025	147,922	14,062	161,984

Depreciation
As at 1 April 2024	144,433	13,675	158,108
Provided during the period	1,327	150	1,477

As at 31 March 2025	145,760	13,825	159,585

Net Book Value
As at 31 March 2025	2,162	237	2,399

As at 1 April 2024	2,702	387	3,089

5. Stocks

	2025	2024
	£	£
Stock	2,134	1,972

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	88,694	128,390
Other debtors	28,564	60,289

	117,258	188,679

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,966	89,853
Bank loans and overdrafts	19,998	18,377
Other creditors	13,138	4,744
Taxation and social security	32,685	26,737

	83,787	139,711

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	15,223	36,841
Other creditors	146,960	152,501

	162,183	189,342

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Terrain Surveys Midlands Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,545	2,545

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