TMS (Wokingham) Limited

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

Registered number: 06464297

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,000		7,000
Tangible Assets	5		19,630		17,718

			23,630		24,718
CURRENT ASSETS
Debtors	6	6,626		9,090
Cash at bank and in hand		146		107

		6,772		9,197
Creditors: Amounts Falling Due Within One Year	7	(39,579 )		(33,597 )

NET CURRENT ASSETS (LIABILITIES)			(32,807 )		(24,400 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,177 )		318

Creditors: Amounts Falling Due After More Than One Year	8		(4,794 )		(10,656 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(3,730 )		(3,366 )

NET LIABILITIES			(17,701 )		(13,704 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			(17,703 )		(13,706 )

SHAREHOLDERS' FUNDS			(17,701)		(13,704)

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TMS (Wokingham) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Roger Searle

Director

30/09/2025

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

1. General Information

TMS (Wokingham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06464297 . The registered office is Up Green Lodge Up Green, Eversley, Hook, Hampshire, RG27 0PB.

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue is recognised for the provision of services as the contractual activity progresses.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

2.4. 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	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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 statement of financial position date.

2.6. Pensions

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2023: 10)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	10,000

As at 31 December 2024	10,000

Amortisation
As at 1 January 2024	3,000
Provided during the period	3,000

As at 31 December 2024	6,000

...CONTINUED

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TMS (Wokingham) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	4,000

As at 1 January 2024	7,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	78,403	13,049	5,245	96,697
Additions	2,700	4,800	-	7,500

As at 31 December 2024	81,103	17,849	5,245	104,197

Depreciation
As at 1 January 2024	64,520	10,662	3,797	78,979
Provided during the period	3,829	1,397	362	5,588

As at 31 December 2024	68,349	12,059	4,159	84,567

Net Book Value
As at 31 December 2024	12,754	5,790	1,086	19,630

As at 1 January 2024	13,883	2,387	1,448	17,718

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	4,126	4,126
Other debtors	2,500	4,964

	6,626	9,090

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	672	673
Bank loans and overdrafts	8,222	20,098
Other creditors	27,451	9,442
Taxation and social security	3,234	3,384

	39,579	33,597

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

	2024	2023
	£	£
Bank loans - 2-5 years	4,794	10,656

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TMS (Wokingham) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position 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.

	2024	2023
	£	£
Other timing differences	3,730	3,366

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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