TLMC LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07160443

TLMC LTD

Filleted Unaudited Financial Statements

28 February 2025

TLMC LTD

Financial Statements

Year ended 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

TLMC LTD

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		32,973	52,809

Current assets

Debtors	7	3,934,938	2,761,817
Cash at bank and in hand		83,796	89,537
		------------	------------
		4,018,734	2,851,354

Creditors: amounts falling due within one year	8	4,142,752		3,266,728
		------------		------------
Net current liabilities			124,018	415,374
			---------	---------
Total assets less current liabilities			( 91,045)	( 362,565)

Creditors: amounts falling due after more than one year	9		13,000	52,000

Provisions

Taxation including deferred tax	6,265	( 82,754)
	---------	---------
Net liabilities	( 110,310)	( 331,811)
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 110,410)	( 331,911)
	---------	---------
Shareholders deficit	( 110,310)	( 331,811)
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TLMC LTD

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2026 , and are signed on behalf of the board by:

Mr C G Ellison

Director

Company registration number: 07160443

TLMC LTD

Notes to the Financial Statements

Year ended 28 February 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Statement of going concern

The accounts have been prepared on a going concern basis despite the company's net liability position.

The directors have prepared financial forecasts for the business and have a reasonable expectation that it will be able to meet its liabilities as they fall due.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. 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: Development Costs - 3 years straight line

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 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: Plant and machinery - 3 years straight line Motor vehicles - 33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value

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 62 (2024: 44 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 March 2024 and 28 February 2025	8,510
	-------
Amortisation
At 1 March 2024 and 28 February 2025	8,510
	-------
Carrying amount
At 28 February 2025	–
	-------
At 29 February 2024	–
	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 March 2024	85,835	60,565	146,400
Additions	17,191	–	17,191
Disposals	( 2,149)	–	( 2,149)
	---------	--------	---------
At 28 February 2025	100,877	60,565	161,442
	---------	--------	---------
Depreciation
At 1 March 2024	57,914	35,677	93,591
Charge for the year	26,710	9,129	35,839
Disposals	( 961)	–	( 961)
	---------	--------	---------
At 28 February 2025	83,663	44,806	128,469
	---------	--------	---------
Carrying amount
At 28 February 2025	17,214	15,759	32,973
	---------	--------	---------
At 29 February 2024	27,921	24,888	52,809
	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	2,534,993	2,058,838
Other debtors	1,399,945	702,979
	------------	------------
	3,934,938	2,761,817
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	49,240	103,769
Trade creditors	1,889,716	1,359,301
Corporation tax	103,008	62,763
Social security and other taxes	412,523	891,430
Other creditors	16,036	16,036
Other creditors	1,672,229	833,429
	------------	------------
	4,142,752	3,266,728
	------------	------------

The company has provided a fixed and floating charge to the bank on all company assets.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	13,000	52,000
	--------	--------

Bank loans and overdrafts, as they arise, are secured by a fixed and floating charge over the assets of the company.

10. Directors' advances, credits and guarantees

During the year advances of £206,158 were made to the director and repayments of £85,878 made by the director. Interest of £15,455 was charged on the loan at a rate of 2.25% up to 5th April 2025 and then 3.75%. During the year advances of £nil were made to the director and repayments of £nil were made by the director. Interest of £nil was charged on the loan at a rate of 2.25% up to 5th April 2025 and then 3.75%. During the year advances of £13,000 were made to the director and repayments of £nil made by the director. Interest of £1,884 was charged on the loan at a rate of 2.25% up to 5th April 2025 and then 3.75%. During the year advances of £15,000 were made to the director and repayments of £nil made by the director. Interest of £340 was charged on the loan at a rate of 2.25% up to 5th April 2025 and then 3.75%.

11. Related party transactions

At the year end a director owed the company £513,083 (2024: £377,303). At the year end the company owed a director £30,190 (2024: £30,190). At the year end a director owed the company £65,259 (2024: £50,375). At the year end a director owed the company £22,568 (2024: £7,228).