1.
General Information
TLM Management Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07054671
. The registered office is Unit 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The accounts are prepared on a going concern basis with the continuing support of the creditors.
2.3.
Turnover
Turnover represents the income receivable excluding value added tax, and trade discounts in the ordinary course of business for services provided. Revenue is recognised at the point when the service has been performed and rendered to the customer. This will be on completion of each container lift and on sale of recyclable materials. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably.
2.4.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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Impairment
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.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
2.6.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
TLM Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
2.8.
Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.9.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.10.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 3)
TLM Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 November 2024 |
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| Additions |
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| As at 31 October 2025 |
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| Amortisation | |||
| As at 1 November 2024 |
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| As at 31 October 2025 |
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| Net Book Value | |||
| As at 31 October 2025 |
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| As at 1 November 2024 |
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5.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 November 2024 |
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| Additions |
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| Disposals |
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( |
( |
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( |
| As at 31 October 2025 |
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| Depreciation | |||||
| As at 1 November 2024 |
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| Provided during the period |
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| Disposals |
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( |
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( |
| As at 31 October 2025 |
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| Net Book Value | |||||
| As at 31 October 2025 |
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| As at 1 November 2024 |
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6.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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TLM Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 961,583 | 2,161,629 | |
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8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| Trade creditors |
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| Bank loans and overdrafts |
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| Other loans |
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| Corporation tax |
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| Other taxes and social security |
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| Other creditors |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts |
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| Other loans | - |
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10.
Secured Creditors
Of the creditors the following amounts are secured.
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Net obligations under finance lease and hire purchase contracts | 436,728 | 1,023,108 |
11.
Obligations Under Finance Leases and Hire Purchase
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year |
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| Later than one year and not later than five years |
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TLM Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2025
13.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at 1 November 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 October 2025 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Mehmet Mustafa |
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|
- |
|
The above loan is unsecured, interest free and repayable on demand.
14.
Related Party Transactions
EHM Management Services Limited
A company of which one of the directors have ultimate control.
Included in other creditors is £66,092 (2024: £59,406) owing to EHM Management Services Limited.
Brambles Lane Limited
A company of which one of the directors have sigificant control.
Included in other debtors is a £750,000 (2024: £750,000) loan to Brambles Lane Limited. This loan is interest free and payable on demand.
TLM Environmental Limited
A company of which one of the directors have ultimate control.
The company went into liquidation on 30th April 2025. During the year, the company recharged costs amounting to £1,719,035 (2024: £5,643,243) to TLM Environmental Limited. Included in other debtors is £Nil (2024: £393,316) loan to TLM Environmental Limited. Included in other creditors is £Nil (2024: £608,749) owing to TLM Environmental Limited.
UK Waste Direct 2000 Limited
A company of which one of the directors have ultimate control.
During the year, the company recharged costs amounting to £1,927,437 to UK Waste Direct 2000 Limited. Included in other debtors is £18,024 (2024: £1,886) owing to TLM Management Limited.
15.
Exceptional Items
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2025
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2024
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£
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£
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Profit on sale of trade waste business
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897,110
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-
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Loan impairment
|
75,202
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(371,684)
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![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
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972,312
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
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(371,684)
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On 10th October 2025, the company disposed of its trade waste business for a total consideration of £916,429. After deducting legal fees of £19,319, resulting in a profit on disposal of the trade waste business of £897,110, which is included in the profit and loss account.
16.
Ultimate Controlling Party
The company's ultimate controlling party is
Mehmet Mustafa
by virtue of his ownership of 100% of the issued share capital in the company.