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REGISTERED NUMBER: 11809274 (England and Wales)















TIMBERSTRUC LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






TIMBERSTRUC LIMITED (REGISTERED NUMBER: 11809274)






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


TIMBERSTRUC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Capewell
T Capewell
J M Lee
G Eastwood





REGISTERED OFFICE: Unit 16B
Horbury Junction Industrial Estate
Calder Vale Road
WAKEFIELD
West Yorkshire
WF4 5ER





REGISTERED NUMBER: 11809274 (England and Wales)





ACCOUNTANTS: HAIGH HUDSON
Chartered Certified Accountants
New Connexion House
2 Marsh Lane
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8AE

TIMBERSTRUC LIMITED (REGISTERED NUMBER: 11809274)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,278 254,776

CURRENT ASSETS
Stocks 94,271 111,389
Debtors 5 113,870 169,660
Cash at bank and in hand 63,105 127,953
271,246 409,002
CREDITORS
Amounts falling due within one year 6 461,204 579,890
NET CURRENT LIABILITIES (189,958 ) (170,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,320

83,888

CREDITORS
Amounts falling due after more than one year 7 58,352 65,384
NET ASSETS 18,968 18,504

CAPITAL AND RESERVES
Called up share capital 550 550
Retained earnings 18,418 17,954
SHAREHOLDERS' FUNDS 18,968 18,504

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 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.

TIMBERSTRUC LIMITED (REGISTERED NUMBER: 11809274)

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




S Capewell - Director J M Lee - Director




T Capewell - Director G Eastwood - Director


TIMBERSTRUC LIMITED (REGISTERED NUMBER: 11809274)

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

1. STATUTORY INFORMATION

Timberstruc 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.
Plant and Machinery - 20% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 20% on cost
Computer Equipment - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TIMBERSTRUC LIMITED (REGISTERED NUMBER: 11809274)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Machinery Fittings Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 353,604 1,950 59,139 17,908 432,601
Additions 37,772 - - - 37,772
At 31 March 2024 391,376 1,950 59,139 17,908 470,373
DEPRECIATION
At 1 April 2023 150,230 563 15,671 11,361 177,825
Charge for year 17,370 195 5,914 1,791 25,270
At 31 March 2024 167,600 758 21,585 13,152 203,095
NET BOOK VALUE
At 31 March 2024 223,776 1,192 37,554 4,756 267,278
At 31 March 2023 203,374 1,387 43,468 6,547 254,776

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors (881 ) 90,943
Prepayments 114,751 78,717
113,870 169,660

TIMBERSTRUC LIMITED (REGISTERED NUMBER: 11809274)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 9,000 9,000
Hire purchase contracts 45,000 77,000
Trade Creditors 174,286 252,502
Corporation Tax 42,908 26,214
Social Security and Other Taxes 6,034 7,961
VAT 16,497 8,268
Other Creditors 1,263 3,087
Directors' Current Accounts 118,102 181,138
Accrued Expenses 38,114 4,720
461,204 579,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank Loans - 1-2 Years 10,000 10,000
Bank Loans - 2-5 Years 1,666 11,667
Loans over 1 yr 6,163 23,582
Hire purchase contracts 40,523 20,135
58,352 65,384