TM Robotics (Europe) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03946170

TM Robotics (Europe) Limited

Filleted Unaudited Financial Statements

31 March 2025

TM Robotics (Europe) Limited

Officers and Professional Advisers

Director	N W Smith

Registered office	3a The Wenta Business Centre
	Colne Way
	Watford
	Herts
	WD24 7ND

Accountants	Warners
	Chartered Accountants
	3a The Wenta Business Centre
	Colne Way
	Watford
	WD24 7ND

TM Robotics (Europe) Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	1,735	2,340
Investments	6	347	347
		-------	-------
		2,082	2,687

Current assets

Stocks		20,300	20,872
Debtors	7	279,536	343,773
Cash at bank and in hand		271,394	358,608
		---------	---------
		571,230	723,253

Creditors: amounts falling due within one year	8	279,163		393,005
		---------		---------
Net current assets			292,067	330,248
			---------	---------
Total assets less current liabilities			294,149	332,935

Provisions

Taxation including deferred tax	401	548
	---------	---------
Net assets	293,748	332,387
	---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	293,747	332,386
	---------	---------
Shareholders funds	293,748	332,387
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TM Robotics (Europe) Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

N W Smith _______________ Director

Company registration number: 03946170

TM Robotics (Europe) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3a The Wenta Business Centre, Colne Way, Watford, Herts, WD24 7ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the amounts invoiced for goods supplied during the year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computers	-	30% straight line
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. Tangible assets

	Computer equipment	Equipment	Total
	£	£	£
Cost
At 1 April 2024	9,028	14,883	23,911
Additions	–	749	749
Disposals	( 3,711)	–	( 3,711)
	-------	--------	--------
At 31 March 2025	5,317	15,632	20,949
	-------	--------	--------
Depreciation
At 1 April 2024	7,570	14,001	21,571
Charge for the year	943	407	1,350
Disposals	( 3,707)	–	( 3,707)
	-------	--------	--------
At 31 March 2025	4,806	14,408	19,214
	-------	--------	--------
Carrying amount
At 31 March 2025	511	1,224	1,735
	-------	--------	--------
At 31 March 2024	1,458	882	2,340
	-------	--------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	347
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	347
	----
At 31 March 2024	347
	----

The company owns 100% of the issued share capital TM Robotics (Americas) Inc, a company incorporated in the United States of America. Under the provision of sections 398 and 399 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

7. Debtors

	2025	2024
	£	£
Trade debtors	163,711	207,510
Amounts owed by group undertakings	102,601	113,200
Prepayments and accrued income	8,246	18,085
Other debtors	4,978	4,978
	---------	---------
	279,536	343,773
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	240,425	357,721
Accruals and deferred income	7,290	7,577
Corporation tax	2,891	17,137
Social security and other taxes	19,700	6,935
Director loan accounts	7,931	2,088
Other creditors	926	1,547
	---------	---------
	279,163	393,005
	---------	---------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	21,000	7,636
Later than 1 year and not later than 5 years	17,430	42,000
	--------	--------
	38,430	49,636
	--------	--------

The total operating lease commitment shown is, on average, over an approximate 1-2 year period.

10. Transactions with directors

Dividends of £40,000 (2024: £50,000) were paid to the director during the year.