Company registration number 03335982 (England and Wales)
TMR EXECUTIVE AGENCY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
TMR EXECUTIVE AGENCY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
TMR EXECUTIVE AGENCY LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
27,756
48,827
Current assets
Debtors
5
727,465
431,501
Cash at bank and in hand
132,938
395,464
860,403
826,965
Creditors: amounts falling due within one year
6
(95,949)
(184,633)
Net current assets
764,454
642,332
Net assets
792,210
691,159
Capital and reserves
Called up share capital
73
73
Share premium account
21,150
21,150
Profit and loss reserves
770,987
669,936
Total equity
792,210
691,159

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 December 2025 and are signed on its behalf by:
M Smith
Director
Company registration number 03335982 (England and Wales)
TMR EXECUTIVE AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

TMR Executive Agency Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bevan Kidwell LLP, 113-117 Farringdon Road, London, EC1R 3BX C/O Bevan Kidwell, 113-117 Farringdon Road, London, EC1R 3BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of preparing the financial statements the directors have considered that true the company will have adequate resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Revenue represents the amounts received or receivable for the rental of postal franking machines and the sale of associated equipment.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TMR EXECUTIVE AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled.

TMR EXECUTIVE AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
TMR EXECUTIVE AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024
90,393
Additions
2,958
Disposals
(25,568)
At 31 July 2025
67,783
Depreciation and impairment
At 1 August 2024
41,566
Depreciation charged in the year
22,419
Eliminated in respect of disposals
(23,958)
At 31 July 2025
40,027
Carrying amount
At 31 July 2025
27,756
At 31 July 2024
48,827
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
28,286
60,534
Amounts owed by group undertakings
688,839
366,058
717,125
426,592
Deferred tax asset
10,340
4,909
727,465
431,501
6
Creditors: amounts falling due within one year
2025
2024
as restated
£
£
Trade creditors
550
460
Corporation tax
34,932
80,137
Other taxation and social security
11,134
17,317
Other creditors
49,333
86,719
95,949
184,633
TMR EXECUTIVE AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Nathaniel Davidson BA(Hons) ACA
Statutory Auditor:
Lopian Gross Barnett & Co
Date of audit report:
10 December 2025
8
Financial commitments, guarantees and contingent liabilities

HSBC UK Bank Plc holds a fixed and floating charge over the assets and undertakings of the company.

The charge relates to wider banking facilities including payment limits and card limits.

9
Related party transactions

During the year there were no related party transactions which require disclosure.

10
Events after the reporting date

There were no events after the reporting period date which require disclosure at the balance sheet date.

11
Parent company and ultimate controlling party

The company is a wholly owned subsidiary of The Mailing Room Holdings Limited and the results for the company are included within the consolidated accounts. The registered office of The Mailing Room Holdings Limited is Bevan Kidwell LLP, 113-117 Farringdon Road, London, EC1R 3BX.

The ultimate controlling parties are G Bevan and H Bevan.

12
Prior period adjustment

Deferred Income

The comparative figures for 2024 have been restated following the identification of an error relating to deferred maintenance income. The income was correctly recognised in this entity, however the corresponding deferred income liability had been recognised in a connected company.

TMR EXECUTIVE AGENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
12
Prior period adjustment
(Continued)
- 7 -
Reconciliation of changes in equity
1 August
31 July
2023
2024
£
£
Adjustments to prior year
Movement in deferred income
(22,041)
425
Increase in tax charge
-
(106)
Total adjustments
(22,041)
319
Equity as previously reported
485,520
690,840
Equity as adjusted
463,479
691,159
Analysis of the effect upon equity
Profit and loss reserves
(22,041)
319
Reconciliation of changes in profit for the previous financial period
2024
£
Adjustments to prior year
Movement in deferred income
425
Increase in tax charge
(106)
Total adjustments
319
Profit as previously reported
227,361
Profit as adjusted
227,680
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