Company Registration No. 08625048 (England and Wales)
TM70 Ltd
Unaudited accounts
for the year ended 31 July 2025
TM70 Ltd
Unaudited accounts
Contents
TM70 Ltd
Company Information
for the year ended 31 July 2025
Company Number
08625048 (England and Wales)
Registered Office
176 Carbottom Road
Bradford
BD5 9AE
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
TM70 Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
1,097,072
780,661
Cash at bank and in hand
406,063
315,708
Creditors: amounts falling due within one year
(721,857)
(921,839)
Net current liabilities
(285,224)
(601,067)
Total assets less current liabilities
811,848
179,594
Creditors: amounts falling due after more than one year
(600,000)
-
Provisions for liabilities
Deferred tax
(3,825)
(3,829)
Net assets
208,023
175,765
Called up share capital
30
30
Profit and loss account
207,993
175,735
Shareholders' funds
208,023
175,765
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2026 and were signed on its behalf by
Mr Tariq Mahmood
Director
Company Registration No. 08625048
TM70 Ltd
Notes to the Accounts
for the year ended 31 July 2025
TM70 Ltd is a private company, limited by shares, registered in England and Wales, registration number 08625048. The registered office is 176 Carbottom Road, Bradford, BD5 9AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% on cost
Fixtures & fittings
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
TM70 Ltd
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Total
5
Deferred taxation
2025
2024
Accelerated capital allowances
3,825
3,829
Provision at start of year
3,829
613
(Credited)/charged to the profit and loss account
(4)
3,216
Provision at end of year
3,825
3,829
Allotted, called up and fully paid:
10 A Ordinary shares of £1 each
10
10
10 B Ordinary shares of £1 each
10
10
10 C Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).