TIMOTHY CHARLES AND COMPANY LIMITED

Company Registration Number:
10926432 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

TIMOTHY CHARLES AND COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

TIMOTHY CHARLES AND COMPANY LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 715,147 263,717
Total fixed assets: 715,147 263,717
Current assets
Stocks: 251,654 79,626
Debtors: 4 421,120 244,977
Cash at bank and in hand: 28,711 44,933
Total current assets: 701,485 369,536
Creditors: amounts falling due within one year: 5 (695,638) (404,333)
Net current assets (liabilities): 5,847 (34,797)
Total assets less current liabilities: 720,994 228,920
Creditors: amounts falling due after more than one year: 6 (333,789) (144,354)
Provision for liabilities: (131,088) (45,008)
Total net assets (liabilities): 256,117 39,558
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 256,017 39,458
Shareholders funds: 256,117 39,558

The notes form part of these financial statements

TIMOTHY CHARLES AND COMPANY LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 March 2024
and signed on behalf of the board by:

Name: Mr Timothy Smith
Status: Director

The notes form part of these financial statements

TIMOTHY CHARLES AND COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TIMOTHY CHARLES AND COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

TIMOTHY CHARLES AND COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 336,870
Additions 509,585
At 31 August 2023 846,455
Depreciation
At 01 September 2022 73,153
Charge for year 58,155
At 31 August 2023 131,308
Net book value
At 31 August 2023 715,147
At 31 August 2022 263,717

TIMOTHY CHARLES AND COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 4,599 4,164

TIMOTHY CHARLES AND COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

Obligations un finance lease £156944Trade creditors £505506Bank loans £6997Other taxes £23661Accruals £2530

TIMOTHY CHARLES AND COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

Obligations under finance leases £271249Private loan £31100Bank loan £28560