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REGISTERED NUMBER: 11523346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Timber Windows Essex Ltd

Timber Windows Essex Ltd (Registered number: 11523346)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Timber Windows Essex Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T Kirk





REGISTERED OFFICE: 109 Crouch Street
Colchester
Essex
CO3 3HA





REGISTERED NUMBER: 11523346 (England and Wales)





ACCOUNTANTS: JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Timber Windows Essex Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Timber Windows Essex Ltd for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Timber Windows Essex Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Timber Windows Essex Ltd and state those matters that we have agreed to state to the director of Timber Windows Essex Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Timber Windows Essex Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Timber Windows Essex Ltd. You consider that Timber Windows Essex Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Timber Windows Essex Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JTF
Chartered Certified Accountants
Electra House
1A Gilberd Road
Colchester
Essex
CO2 7LR


22 November 2024

Timber Windows Essex Ltd (Registered number: 11523346)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 139,784 135,790
139,784 135,790

CURRENT ASSETS
Stocks 2,500 2,000
Debtors 6 321,561 151,810
Cash at bank and in hand 135,358 30,240
459,419 184,050
CREDITORS
Amounts falling due within one year 7 376,861 156,150
NET CURRENT ASSETS 82,558 27,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,342

163,690

CREDITORS
Amounts falling due after more than one
year

8

(132,250

)

(157,259

)

PROVISIONS FOR LIABILITIES (6,949 ) (1,623 )
NET ASSETS 83,143 4,808

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 83,142 4,807
SHAREHOLDERS' FUNDS 83,143 4,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Timber Windows Essex Ltd (Registered number: 11523346)

Balance Sheet - continued
31 August 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 22 November 2024 and were signed by:





T Kirk - Director


Timber Windows Essex Ltd (Registered number: 11523346)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Timber Windows Essex 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 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 2018, is being amortised evenly over its estimated useful life of 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Evenly over the term of the lease
Equipment - 15% on cost
Furniture and fixtures - 10% on cost
Office equipment - 25% 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.


Timber Windows Essex Ltd (Registered number: 11523346)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023
and 31 August 2024 30,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Timber Windows Essex Ltd (Registered number: 11523346)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 204,577
Additions 49,286
At 31 August 2024 253,863
DEPRECIATION
At 1 September 2023 68,787
Charge for year 45,292
At 31 August 2024 114,079
NET BOOK VALUE
At 31 August 2024 139,784
At 31 August 2023 135,790

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 90,471
Additions 15,950
At 31 August 2024 106,421
DEPRECIATION
At 1 September 2023 29,714
Charge for year 19,158
At 31 August 2024 48,872
NET BOOK VALUE
At 31 August 2024 57,549
At 31 August 2023 60,757

Timber Windows Essex Ltd (Registered number: 11523346)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 231,174 126,703
Amounts recoverable on contract 58,675 -
Other debtors 31,712 25,107
321,561 151,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 20,805 16,791
Hire purchase contracts (see note 9) 18,828 14,840
Trade creditors 40,181 18,187
Taxation and social security 144,094 40,058
Other creditors 152,953 66,274
376,861 156,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 94,569 115,372
Hire purchase contracts (see note 9) 37,681 41,887
132,250 157,259

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 4,166 21,121

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 18,828 14,840
Between one and five years 37,681 41,887
56,509 56,727

Timber Windows Essex Ltd (Registered number: 11523346)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 52,500 48,200
Between one and five years 81,484 48,875
133,984 97,075

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 56,509 56,727

Liabilities under hire purchase contracts are secured on the assets to which they relate.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
T Kirk
Balance outstanding at start of year - -
Amounts advanced 11,568 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,568 -

The loan to the directors is repayable on demand. Interest is charged at the beneficial loan rate as specified by HM Revenue & Customs. Interest charged for the year was in the sum of £130 (2023: £nil).