Company Registration No. 01126971 (England and Wales)
T.M.A. Engineering Limited
Unaudited accounts
for the year ended 28 February 2025
T.M.A. Engineering Limited
Unaudited accounts
Contents
T.M.A. Engineering Limited
Statement of financial position
as at 28 February 2025
Tangible assets
98,951
66,068
Inventories
61,945
127,800
Cash at bank and in hand
87,760
99,697
Creditors: amounts falling due within one year
(334,386)
(273,072)
Net current assets
394,255
535,014
Total assets less current liabilities
493,206
601,082
Creditors: amounts falling due after more than one year
(66,437)
(174,632)
Net assets
426,769
426,450
Called up share capital
6,120
6,120
Capital redemption reserve
5,880
5,880
Profit and loss account
414,769
414,450
Shareholders' funds
426,769
426,450
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. 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 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 of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by
Mr M Albutt
Director
Company Registration No. 01126971
T.M.A. Engineering Limited
Notes to the Accounts
for the year ended 28 February 2025
T.M.A. Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 01126971. The registered office is 95-111 Tyburn Road, Erdington, Birmingham, B24 8NQ.
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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.
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
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
T.M.A. Engineering Limited
Notes to the Accounts
for the year ended 28 February 2025
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Goodwill
At 28 February 2025
100,000
At 28 February 2025
100,000
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2024
152,825
74,675
227,500
Additions
101,537
-
101,537
Disposals
(47,558)
-
(47,558)
At 28 February 2025
206,804
74,675
281,479
At 1 March 2024
88,015
73,417
161,432
Charge for the year
32,670
315
32,985
On disposals
(11,889)
-
(11,889)
At 28 February 2025
108,796
73,732
182,528
At 28 February 2025
98,008
943
98,951
At 29 February 2024
64,810
1,258
66,068
Amounts falling due within one year
Trade debtors
104,655
101,727
Amounts falling due after more than one year
Amounts due from group undertakings etc.
474,281
478,862
T.M.A. Engineering Limited
Notes to the Accounts
for the year ended 28 February 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
88,582
88,582
Obligations under finance leases and hire purchase contracts
83,256
10,892
Trade creditors
59,156
43,921
Taxes and social security
20,284
26,916
Other creditors
41,190
46,231
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
19,612
Allotted, called up and fully paid:
3,620 A Ordinary of £1 each
3,620
3,620
1,500 B Ordinary of £1 each
1,500
1,500
1,000 C Ordinary of £1 each
1,000
1,000
The company is 100% owned by T.M.A. Engineering Holdings Ltd. Dividends of £82,000 were paid to the company.
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Average number of employees
During the year the average number of employees was 21 (2024: 21).