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REGISTERED NUMBER: 08409636 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TIM BOND LIMITED

TIM BOND LIMITED (REGISTERED NUMBER: 08409636)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIM BOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T W Bond





SECRETARY: Mrs L Bond





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 08409636 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

TIM BOND LIMITED (REGISTERED NUMBER: 08409636)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 149,600 156,400
Tangible assets 5 881,518 71,783
1,031,118 228,183

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 33,374 18,300
Cash at bank 20,659 93,269
59,033 116,569
CREDITORS
Amounts falling due within one year 7 87,653 66,906
NET CURRENT (LIABILITIES)/ASSETS (28,620 ) 49,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,002,498

277,846

CREDITORS
Amounts falling due after more than one
year

8

(873,029

)

(170,661

)

PROVISIONS FOR LIABILITIES (31,693 ) (9,733 )
NET ASSETS 97,776 97,452

CAPITAL AND RESERVES
Called up share capital 95 95
Capital redemption reserve 5 5
Retained earnings 97,676 97,352
SHAREHOLDERS' FUNDS 97,776 97,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TIM BOND LIMITED (REGISTERED NUMBER: 08409636)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 29 July 2024 and were signed by:





T W Bond - Director


TIM BOND LIMITED (REGISTERED NUMBER: 08409636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Tim Bond 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
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.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Freehold property - not provided
Improvements to property - not provided
Office equipment-25% on cost
Plant and machinery-20% on reducing balance
Fixtures & fittings-25% on reducing balance

Freehold property is maintained to ensure that its value does not diminish over time. The maintenance costs are charged to the profit and loss account as they are incurred. In the opinion of the director, depreciation would be immaterial and, therefore, freehold property is not depreciated

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.


TIM BOND LIMITED (REGISTERED NUMBER: 08409636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 170,000
AMORTISATION
At 1 April 2023 13,600
Charge for year 6,800
At 31 March 2024 20,400
NET BOOK VALUE
At 31 March 2024 149,600
At 31 March 2023 156,400

TIM BOND LIMITED (REGISTERED NUMBER: 08409636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 April 2023 - 28,303 -
Additions 695,699 - 56,644
At 31 March 2024 695,699 28,303 56,644
DEPRECIATION
At 1 April 2023 - 3,094 -
Charge for year - 1,887 -
At 31 March 2024 - 4,981 -
NET BOOK VALUE
At 31 March 2024 695,699 23,322 56,644
At 31 March 2023 - 25,209 -

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 58,779 1,541 12,371 100,994
Additions 12,739 62,155 - 827,237
At 31 March 2024 71,518 63,696 12,371 928,231
DEPRECIATION
At 1 April 2023 19,810 439 5,868 29,211
Charge for year 8,386 5,100 2,129 17,502
At 31 March 2024 28,196 5,539 7,997 46,713
NET BOOK VALUE
At 31 March 2024 43,322 58,157 4,374 881,518
At 31 March 2023 38,969 1,102 6,503 71,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 9,739 5,000
Tax 16,635 -
Prepayments 7,000 13,300
33,374 18,300

TIM BOND LIMITED (REGISTERED NUMBER: 08409636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 23,701 20,148
Hire purchase contracts 6,751 6,751
Tax 4,653 19,479
Social security and other taxes 1,130 855
Directors' current accounts 1,771 10,435
Accrued expenses 49,647 9,238
87,653 66,906

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 25,302 19,853
Bank loans - 2-5 years 86,767 60,380
Bank loans more 5 yr by instal 752,624 75,341
Hire purchase contracts 8,336 15,087
873,029 170,661

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 752,624 75,341