T M S Europe Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 02621079

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		146,315		138,788

			146,315		138,788
CURRENT ASSETS
Stocks	6	80,591		75,726
Debtors	7	326,966		318,140
Cash at bank and in hand		708,334		525,136

		1,115,891		919,002
Creditors: Amounts Falling Due Within One Year	8	(385,301 )		(325,690 )

NET CURRENT ASSETS (LIABILITIES)			730,590		593,312

TOTAL ASSETS LESS CURRENT LIABILITIES			876,905		732,100

NET ASSETS			876,905		732,100

CAPITAL AND RESERVES
Called up share capital	9		50,002		50,002
Revaluation reserve	10		90,000		90,000
Other reserves			(1,624,927 )		(1,462,920 )
Profit and Loss Account			2,361,830		2,055,018

SHAREHOLDERS' FUNDS			876,905		732,100

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T M S Europe Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Kathryn Price

Director

22/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

T M S Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02621079 . The registered office is Unit 10, Stretfield Mill Bradwell, Hope Valley, Derbyshire, S33 9JT.

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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Research and Development

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil 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:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.6. 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.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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T M S Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.8. Taxation

Income tax expense represents the sum of the tax currently payable.

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.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. 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: 28 (2025: 29)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 July 2025	194,660

As at 30 June 2026	194,660

Amortisation
As at 1 July 2025	194,660

As at 30 June 2026	194,660

Net Book Value
As at 30 June 2026	-

As at 1 July 2025	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2025	669,646	80,259	16,049	51,162	817,116
Additions	50,804	-	-	5,495	56,299

As at 30 June 2026	720,450	80,259	16,049	56,657	873,415

Depreciation
As at 1 July 2025	548,840	69,875	13,527	46,086	678,328
Provided during the period	42,902	2,596	631	2,643	48,772

As at 30 June 2026	591,742	72,471	14,158	48,729	727,100

Net Book Value
As at 30 June 2026	128,708	7,788	1,891	7,928	146,315

As at 1 July 2025	120,806	10,384	2,522	5,076	138,788

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T M S Europe Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

6. Stocks

	2026	2025
	£	£
Stock	80,591	75,726

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	307,452	298,014
Other debtors	19,514	20,126

	326,966	318,140

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	140,062	116,258
Other creditors	30,223	27,886
Taxation and social security	215,016	181,546

	385,301	325,690

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
50,002 Ordinary Shares of £ 1.00 each	50,002	50,002

10. Reserves

	Revaluation reserve	Other reserves	Profit and Loss Account
	£	£	£
As at 1 July 2025	90,000	(1,462,920 )	2,055,018
Profit for the year and total comprehensive income	-	-	306,812

Movements in other reserves	-	(162,007)	-

As at 30 June 2026	90,000	(1,624,927 )	2,361,830

11. Related Party Transactions

The company's employee ownership trust (EOT) acquired shares in the company and holds them for the company's employees. During the year, £162,007 was gifted to the EOT.

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