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REGISTERED NUMBER: 14598774 (England and Wales)











































Tweed Timber Frame Ltd

Unaudited Financial Statements

for the period

17th January 2023 to 31st January 2024






Tweed Timber Frame Ltd (Registered number: 14598774)






Contents of the Financial Statements
for the period 17th January 2023 to 31st January 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


Tweed Timber Frame Ltd

Company Information
for the period 17th January 2023 to 31st January 2024







Directors: B T Dytor
S Cordery





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Registered number: 14598774 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Tweed Timber Frame Ltd (Registered number: 14598774)

Balance Sheet
31st January 2024

Notes £    £   
Fixed assets
Tangible assets 4 51,263

Current assets
Debtors 5 92,498
Cash at bank 26,765
119,263
Creditors
Amounts falling due within one year 6 41,198
Net current assets 78,065
Total assets less current liabilities 129,328

Creditors
Amounts falling due after more than one
year

7

(18,015

)

Provisions for liabilities (4,100 )
Net assets 107,213

Capital and reserves
Called up share capital 100
Retained earnings 107,113
107,213

Tweed Timber Frame Ltd (Registered number: 14598774)

Balance Sheet - continued
31st January 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2024 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2024 and were signed on its behalf by:





B T Dytor - Director


Tweed Timber Frame Ltd (Registered number: 14598774)

Notes to the Financial Statements
for the period 17th January 2023 to 31st January 2024

1. Statutory information

Tweed Timber Frame Ltd 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective method.

Directors' loans (being repayable on demand), trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Tweed Timber Frame Ltd (Registered number: 14598774)

Notes to the Financial Statements - continued
for the period 17th January 2023 to 31st January 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 period 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the period was 2 .

4. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
Additions 9,206 49,424 4,677 63,307
At 31st January 2024 9,206 49,424 4,677 63,307
Depreciation
Charge for period 1,784 9,844 416 12,044
At 31st January 2024 1,784 9,844 416 12,044
Net book value
At 31st January 2024 7,422 39,580 4,261 51,263

5. Debtors: amounts falling due within one year
£   
Other debtors 92,498

Tweed Timber Frame Ltd (Registered number: 14598774)

Notes to the Financial Statements - continued
for the period 17th January 2023 to 31st January 2024

6. Creditors: amounts falling due within one year
£   
Hire purchase contracts 8,799
Trade creditors 4,920
Taxation and social security 27,479
41,198

7. Creditors: amounts falling due after more than one year
£   
Hire purchase contracts 18,015

8. Secured debts

The following secured debts are included within creditors:

£   
Hire purchase contracts 26,814

Hire purchase contracts are secured against the assets to which they relate.

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 31st January 2024.

2024
£
Director 1
Balance outstanding at start of period-
Amounts advanced64,388
Amounts repaid(25,996)
Balance outstanding at end of period38,392

Director 2
Balance outstanding at start of period-
Amounts advanced67,173
Amounts repaid(26,320)
Balance outstanding at end of period40,852

This loans are unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.