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REGISTERED NUMBER: 02665608 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Timkon Services Limited

Timkon Services Limited (Registered number: 02665608)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Timkon Services Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: K Thorne
A J Thorne





REGISTERED OFFICE: Unit 3, Cedar Court
1 Royal Oak Yard
London
SE1 3GA





REGISTERED NUMBER: 02665608 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Timkon Services Limited (Registered number: 02665608)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,735 2,314

CURRENT ASSETS
Stocks 9,800 15,200
Debtors 5 25,952 16,141
Cash at bank and in hand 39,647 46,169
75,399 77,510
CREDITORS
Amounts falling due within one year 6 75,296 78,544
NET CURRENT ASSETS/(LIABILITIES) 103 (1,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,838

1,280

CREDITORS
Amounts falling due after more than one
year

7

207

104
NET ASSETS 1,631 1,176

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Retained earnings 531 76
SHAREHOLDERS' FUNDS 1,631 1,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Timkon Services Limited (Registered number: 02665608)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by:





K Thorne - Director


Timkon Services Limited (Registered number: 02665608)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Timkon Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture & Fittings 25% Reducing balance method
Plant & Machinery 25% Reducing balance method
Computer Equipment 33% Straight line method

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Timkon Services Limited (Registered number: 02665608)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 18,125 15,039 2,000 35,164
DEPRECIATION
At 1 December 2022 17,439 13,411 2,000 32,850
Charge for year 172 407 - 579
At 30 November 2023 17,611 13,818 2,000 33,429
NET BOOK VALUE
At 30 November 2023 514 1,221 - 1,735
At 30 November 2022 686 1,628 - 2,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 8,568 -
Other debtors 12,028 12,028
Directors' current accounts 5,356 4,113
25,952 16,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 31,975 31,288
Trade creditors 2,887 11,145
Tax 5,084 11,203
Social security and other taxes 2,342 3,145
Net Wages 1,399 1,918
VAT 28,656 16,880
Credit Card 138 -
Directors' current accounts 315 315
Accrued expenses 2,500 2,650
75,296 78,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Pension creditors 207 104

Timkon Services Limited (Registered number: 02665608)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,100 ordinary 1 1,100 1,100