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Company Registration No. 11784407 (England and Wales)
TK Timber Products Ltd Unaudited accounts for the year ended 31 January 2024
TK Timber Products Ltd Unaudited accounts Contents
Page
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TK Timber Products Ltd Company Information for the year ended 31 January 2024
Director
Toni Kirwin
Company Number
11784407 (England and Wales)
Registered Office
Unit 1 Estate Road 4 South Humberside Industrial Estate Grimsby N E Lincs DN31 2TB
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TK Timber Products Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
733 
350 
Current assets
Debtors
79 
24,936 
Cash at bank and in hand
80,475 
123,316 
80,554 
148,252 
Creditors: amounts falling due within one year
(19,304)
(22,249)
Net current assets
61,250 
126,003 
Total assets less current liabilities
61,983 
126,353 
Creditors: amounts falling due after more than one year
(13,333)
(31,575)
Net assets
48,650 
94,778 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
48,550 
94,678 
Shareholders' funds
48,650 
94,778 
For the year ending 31 January 2024 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 director acknowledges her 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
Toni Kirwin Director Company Registration No. 11784407
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TK Timber Products Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
TK Timber Products Ltd is a private company, limited by shares, registered in England and Wales, registration number 11784407. The registered office is Unit 1 Estate Road 4, South Humberside Industrial Estate, Grimsby, N E Lincs, DN31 2TB.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Computer equipment
25%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
316 
859 
1,175 
Additions
- 
416 
416 
At 31 January 2024
316 
1,275 
1,591 
Depreciation
At 1 February 2023
126 
699 
825 
Charge for the year
42 
(9)
33 
At 31 January 2024
168 
690 
858 
Net book value
At 31 January 2024
148 
585 
733 
At 31 January 2023
190 
160 
350 
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TK Timber Products Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
79 
24,936 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
(635)
11,401 
Trade creditors
4,246 
1,116 
Taxes and social security
5,693 
9,732 
19,304 
22,249 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
31,575 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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