TCM Technology LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08354086

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		250		2,284
Tangible Assets	5		28,323		38,091

			28,573		40,375
CURRENT ASSETS
Debtors	6	2,522,838		2,450,957
Cash at bank and in hand		615,656		117,772

		3,138,494		2,568,729
Creditors: Amounts Falling Due Within One Year	7	(3,202,857 )		(3,055,873 )

NET CURRENT ASSETS (LIABILITIES)			(64,363 )		(487,144 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(35,790 )		(446,769 )

Creditors: Amounts Falling Due After More Than One Year	8		(331,789 )		(638,138 )

NET LIABILITIES			(367,579 )		(1,084,907 )

CAPITAL AND RESERVES
Called up share capital	9		120,111		120,111
Profit and Loss Account			(487,690 )		(1,205,018 )

SHAREHOLDERS' FUNDS			(367,579)		(1,084,907)

Page 1

Page 2

TCM Technology LTD

Balance Sheet (continued)

As At 31 January 2025

For the 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.

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 Roger Hemming

Director

28/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

TCM Technology LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08354086 . The registered office is 1st floor Cotton House, Queen Street, Manchester, M2 5HS.

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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form 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. 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.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:-

Goodwill - Nil

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are legal fees associated with customer contracts. There are amortised to the profit and loss account over the estimated economic life of each contracts duration; either 1, 2 or 3 years.

2.5. 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:

Leasehold	5 years
Fixtures & Fittings	33% straightline
Computer Equipment	50% straightline

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Page 3

Page 4

TCM Technology LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 27 (2024: 32)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 February 2024	19,999	96,953	116,952

As at 31 January 2025	19,999	96,953	116,952

Amortisation
As at 1 February 2024	19,999	94,669	114,668
Provided during the period	-	2,034	2,034

As at 31 January 2025	19,999	96,703	116,702

Net Book Value
As at 31 January 2025	-	250	250

As at 1 February 2024	-	2,284	2,284

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	70,969	18,984	106,439	196,392
Additions	-	2,737	7,632	10,369

As at 31 January 2025	70,969	21,721	114,071	206,761

Depreciation
As at 1 February 2024	43,048	17,453	97,800	158,301
Provided during the period	8,593	1,714	9,830	20,137

As at 31 January 2025	51,641	19,167	107,630	178,438

Net Book Value
As at 31 January 2025	19,328	2,554	6,441	28,323

As at 1 February 2024	27,921	1,531	8,639	38,091

Page 4

Page 5

TCM Technology LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,029,296	1,050,461
Prepayments and accrued income	1,043,772	1,015,900
Corporation tax repayable	373,763	373,763
Amounts owed by associates	76,007	10,833

	2,522,838	2,450,957

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	87,214	109,967
Bank loans and overdrafts	5,000	5,000
PAYE	40,134	83,471
VAT	205,259	169,193
Pension creditor	10,129	5,262
Deferred Revenue	1,572,736	1,427,019
Accruals	267,882	231,915
Amounts owed to related parties	1,014,503	1,024,046

	3,202,857	3,055,873

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

	2025	2024
	£	£
Bank loans	32,035	38,384
Directors loan account	299,754	599,754

	331,789	638,138

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
11,100 Ordinary Shares of £ 0.010 each	111	111

Preference Shares

	2025	2024
Allotted, called up and fully paid	£	£
120,000 Preference Shares of £ 1.000 each	120,000	120,000

10. Pension Commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £10,129 (2024 £5,262) were due to the fund. They are included in other creditors.

Page 5

Page 6

TCM Technology LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

11. Related Party Transactions

Skuuudle Holdings Ltd

Skuuudle Holdings Ltd owns 100% of the ordinary share capital in TCM Technology Ltd.

At the balance sheet date the amount due to Skuuudle Holdings Ltd was £22,982 (2024 £22,982).

Skuuudle International Limited

Skuuudle Holdings Limited owns 100% ordinary shares in Skuuudle International Limited

Management fee charged from TCM Technology Ltd during the period of £Nil (2024 £140,750). At the balance sheet date the amount owed from TCM technology Ltd to Skuuudle International Ltd was £985,521 (2024 £975,774).

Snowshill Allied Holdings Ltd

Share directors in common.

Consultancy fees of £60,000 were charged to TCM Technology Ltd during the period. At the balance sheet date the amount due to Snowshill Allied Holdings Ltd was £6,000 (2024 £25,290).

Skuuudle Europe Ltd UIC 206421129

Skuuudle Holdings Limited owns 100% ordinary shares in Skuuudle Europe Ltd. Skuuudle Holdings Limited acquired the company on 16th August 2022.

During the year Skuuudle Europe Ltd recharged management charges and payroll costs to TCM Technology Ltd of £602,492.(2024 £831,027)

PricingHunter Limited

Skuuudle Holdings Limited owns 100% ordinary shares in PricingHunter Limited

During the year TCM Technology Ltd recharged payroll costs of £11,857 to PricingHunter Limited. At the balance sheet date the amount owed to TCM Technology Ltd was £76,007 (2024 £10,833)

Page 6