REGISTERED NUMBER: 07332656 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

TOTAL MACHINING SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P I Beckett

S King

SECRETARY:

D R Beckett

REGISTERED OFFICE:

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

REGISTERED NUMBER:

07332656 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Tangible assets

5

2,238,130

1,834,877

Investments

6

21,000

30,750

2,259,130

1,865,627

CURRENT ASSETS

Stocks

40,645

54,604

Debtors

7

727,512

887,714

Cash at bank and in hand

1,127,416

1,522,865

1,895,573

2,465,183

CREDITORS

Amounts falling due within one year

8

705,437

730,102

NET CURRENT ASSETS

1,190,136

1,735,081

TOTAL ASSETS LESS CURRENT LIABILITIES

3,449,266

3,600,708

CREDITORS

Amounts falling due after more than one year

9

(524,165

)

(180,789

)

PROVISIONS FOR LIABILITIES

(553,352

)

(441,780

)

NET ASSETS

2,371,749

2,978,139

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,371,747

2,978,137

SHAREHOLDERS' FUNDS

2,371,749

2,978,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

P I Beckett - Director

1.	STATUTORY INFORMATION

Total Machining Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

The percentage of completion method is used to calculate the revenue recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Fixed asset investments

Horse racing investments are held at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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

Hire purchase and leasing commitments

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

39,928

3,297,080

51,742

Additions

-

669,685

8,838

Disposals

-

(128,000

)

-

At 31 August 2025

39,928

3,838,765

60,580

DEPRECIATION

At 1 September 2024

32,232

1,488,015

36,752

Charge for year

1,502

248,087

3,574

Eliminated on disposal

-

(98,718

)

-

At 31 August 2025

33,734

1,637,384

40,326

NET BOOK VALUE

At 31 August 2025

6,194

2,201,381

20,254

At 31 August 2024

7,696

1,809,065

14,990

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

12,337

18,255

3,419,342

Additions

9,400

1,035

688,958

Disposals

-

-

(128,000

)

At 31 August 2025

21,737

19,290

3,980,300

DEPRECIATION

At 1 September 2024

11,817

15,649

1,584,465

Charge for year

2,350

910

256,423

Eliminated on disposal

-

-

(98,718

)

At 31 August 2025

14,167

16,559

1,742,170

NET BOOK VALUE

At 31 August 2025

7,570

2,731

2,238,130

At 31 August 2024

520

2,606

1,834,877

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

machinery

£

COST

At 1 September 2024

720,600

Additions

586,000

Transfer to ownership

(172,000

)

At 31 August 2025

1,134,600

DEPRECIATION

At 1 September 2024

269,444

Charge for year

96,699

Transfer to ownership

(80,592

)

At 31 August 2025

285,551

NET BOOK VALUE

At 31 August 2025

849,049

At 31 August 2024

451,156

6.	FIXED ASSET INVESTMENTS

Horse

racing

investment

£

COST

At 1 September 2024

30,750

Additions

8,000

Disposals

(17,750

)

At 31 August 2025

21,000

NET BOOK VALUE

At 31 August 2025

21,000

At 31 August 2024

30,750

Fixed asset investment as at 1 September 2024 related to four investments in race horses purchased by the company. During the year, one race horse was purchased and two race horses disposed of, leaving three race horses owned as at 31 August 2025. All prize money and future other earnings are receivable by the company.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

536,766

705,222

Other debtors

190,746

182,492

727,512

887,714

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases

155,782

98,882

Trade creditors

247,696

185,945

Taxation and social security

272,982

411,020

Other creditors

28,977

34,255

705,437

730,102

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases

524,165

180,789

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £294,228 (2024: £460,716). Of this amount, £226,120 relates to leases on four units for the rental of business premises. Unit 13 expires in September 2025, Unit 5 expires in June 2027 and Unit 14 and Unit 17 expire in September 2027.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

P I Beckett

Balance outstanding at start of year

-

(15,676

)

Amounts advanced

27,415

24,091

Amounts repaid

(27,415

)

(8,415

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

12.	RELATED PARTY DISCLOSURES

Within other debtors is a loan to Bexcell Ltd, a company under common ownership, for £150,310 (2024: £150,310). The loan is interest free, unsecured and repayable on demand.