REGISTERED NUMBER: NI622984 (Northern Ireland)

T&M RETAIL LTD

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Tara Grimes

Mr Martin Grimes

REGISTERED OFFICE:

57 Turnabarson Road

Pomeroy

Dungannon

Co. Tyrone

BT70 STP

REGISTERED NUMBER:

NI622984 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

NON-CURRENT ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

43,352

61,755

43,352

61,755

CURRENT ASSETS

Inventories

224,446

172,254

Receivables: amounts falling due within one year

7

226,685

207,824

Cash at bank and in hand

251,858

399,259

702,989

779,337

PAYABLES

Amounts falling due within one year

8

(303,788

)

(445,425

)

NET CURRENT ASSETS

399,201

333,912

TOTAL ASSETS LESS CURRENT LIABILITIES

442,553

395,667

PAYABLES

Amounts falling due after more than one year

9

(115,252

)

(106,476

)

PROVISIONS FOR LIABILITIES

-

(36,554

)

NET ASSETS

327,301

252,637

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

327,299

252,635

SHAREHOLDERS' FUNDS

327,301

252,637

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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 9 October 2025 and were signed on its behalf by:

Mrs Tara Grimes - Director

1.	STATUTORY INFORMATION

T&M Retail Ltd is a private company, limited by shares , registered in Northern Ireland. 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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

Revenue 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 upon instore purchase of goods.

Goodwill

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic life of 5 years, which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

Property, plant and equipment

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Fixtures and fittings

- 15% Straight Line

Motor vehicles

- 25% Reducing Balance

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition.

Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2024 - 65 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

150,000

AMORTISATION

At 1 April 2024

and 31 March 2025

150,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

302,433

37,350

339,783

Additions

3,434

-

3,434

Disposals

-

(31,600

)

(31,600

)

At 31 March 2025

305,867

5,750

311,617

DEPRECIATION

At 1 April 2024

249,458

28,570

278,028

Charge for year

13,824

255

14,079

Eliminated on disposal

-

(23,842

)

(23,842

)

At 31 March 2025

263,282

4,983

268,265

NET BOOK VALUE

At 31 March 2025

42,585

767

43,352

At 31 March 2024

52,975

8,780

61,755

7.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade receivables

13,420

12,929

Other receivables

34,156

34,156

Directors' current accounts

179,109

160,739

226,685

207,824

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

15,991

17,696

Trade payables

181,786

198,214

Tax

31,679

25,126

Social security and other taxes

24,416

9,553

Pension

2,338

-

VAT

7,460

19,877

Other payables

107

2,130

Accruals and deferred income

40,011

172,829

303,788

445,425

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

115,252

106,476

10.	SECURED DEBTS

Loans are secured by way of a fixed and floating charge over the premises known as 6 and 6A Quarry Lane and by way of a fixed charge over all buildings, fixtures, fittings and assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2