REGISTERED NUMBER: 03570847 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH MAY 2025

FOR

TMH COMMERCIAL VEHICLES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Townsend

M J Townsend

SECRETARY:

Mrs T B Townsend

REGISTERED OFFICE:

5 Meux Close

Cheshunt

Waltham Cross

Hertfordshire

EN7 5DQ

REGISTERED NUMBER:

03570847 (England and Wales)

ACCOUNTANTS:

Barker Wilkinson Limited

19-21 Middle Row

Stevenage

Hertfordshire

SG1 3AW

FIXED ASSETS

Tangible assets

4

118,392

125,049

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

5

98,472

104,812

Cash at bank

14,172

-

115,644

107,812

CREDITORS

Amounts falling due within one year

6

117,699

97,947

NET CURRENT (LIABILITIES)/ASSETS

(2,055

)

9,865

TOTAL ASSETS LESS CURRENT LIABILITIES

116,337

134,914

CREDITORS

Amounts falling due after more than one year

7

(10,609

)

(34,136

)

PROVISIONS FOR LIABILITIES

(22,494

)

(23,759

)

NET ASSETS

83,234

77,019

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

83,232

77,017

SHAREHOLDERS' FUNDS

83,234

77,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2025 and were signed on its behalf by:

J Townsend - Director

1.	STATUTORY INFORMATION

TMH Commercial Vehicles 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.

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Further, the directors continue to support the company by way of director funding and have not indicated that such support will be withdrawn in the foreseeable future.

On the basis of all of the foregoing, the financial statements for the year ended 30 May 2025 have been prepared using the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on 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 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 balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 31st May 2024

70,432

200,818

271,250

Additions

12,034

18,610

30,644

At 30th May 2025

82,466

219,428

301,894

DEPRECIATION

At 31st May 2024

59,979

86,222

146,201

Charge for year

4,878

32,423

37,301

At 30th May 2025

64,857

118,645

183,502

NET BOOK VALUE

At 30th May 2025

17,609

100,783

118,392

At 30th May 2024

10,453

114,596

125,049

Included within the aggregate net book value above of £118,392 (2024: £125,049) are assets held under hire purchase contracts with a combined net book value of £75,581(2024: £100,475) and the depreciation charge for the year in respect of those assets was £24,894 (2024 £17,898).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

98,472

104,812

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,000

16,194

Hire purchase contracts

15,147

28,826

Trade creditors

39,347

39,135

Tax

2,357

-

Social security and other taxes

3,198

3,097

VAT

12,390

3,934

Other creditors

2,666

3,274

Directors' current accounts

32,694

2,587

Accruals

900

900

117,699

97,947

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

1,500

10,500

Hire purchase contracts

9,109

23,636

10,609

34,136

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

7,194

There is a Debenture, which was created on 8th January 2016 in favour of Barclays Bank Plc (the "Bank") containing fixed and floating charges in respect of the bank overdraft and all monies becoming due to the Bank.