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Company Registration No. 05763933 (England and Wales)
Taymill Building Engineering Services Limited Unaudited accounts for the year ended 31 March 2024
Taymill Building Engineering Services Limited Unaudited accounts Contents
Page
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Taymill Building Engineering Services Limited Company Information for the year ended 31 March 2024
Director
D Erb
Secretary
N Erb
Company Number
05763933 (England and Wales)
Registered Office
Unit M-N Burnham Road Trading Estate Lawson Road Dartford Kent DA1 5BH
Accountants
Attire Accounting Limited 45 Granville Drive Herne Bay Kent CT6 7QZ
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Taymill Building Engineering Services Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Taymill Building Engineering Services Limited for the year ended 31 March 2024 as set out on pages 5 - 9 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Taymill Building Engineering Services Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2018. Our work has been undertaken solely to prepare for your approval the accounts of Taymill Building Engineering Services Limited and state those matters that we have agreed to state to the Board of Directors of Taymill Building Engineering Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taymill Building Engineering Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Taymill Building Engineering Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Taymill Building Engineering Services Limited. You consider that Taymill Building Engineering Services Limited 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 accounts of Taymill Building Engineering Services Limited. 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 accounts.
Attire Accounting Limited Chartered Certified Accountants 45 Granville Drive Herne Bay Kent CT6 7QZ 3 December 2024
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Taymill Building Engineering Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,273 
5,369 
Current assets
Debtors
525,489 
766,096 
Cash at bank and in hand
2,366,747 
1,921,171 
2,892,236 
2,687,267 
Creditors: amounts falling due within one year
(426,814)
(331,444)
Net current assets
2,465,422 
2,355,823 
Total assets less current liabilities
2,510,695 
2,361,192 
Creditors: amounts falling due after more than one year
(32,334)
- 
Provisions for liabilities
Deferred tax
(8,602)
(1,020)
Net assets
2,469,759 
2,360,172 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,469,659 
2,360,072 
Shareholders' funds
2,469,759 
2,360,172 
For the year ending 31 March 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 his 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 3 December 2024 and were signed on its behalf by
D Erb Director Company Registration No. 05763933
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Taymill Building Engineering Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Taymill Building Engineering Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05763933. The registered office is Unit M-N Burnham Road Trading Estate, Lawson Road, Dartford, Kent, DA1 5BH.
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:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Taymill Building Engineering Services Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
17,000 
At 31 March 2024
17,000 
Amortisation
At 1 April 2023
17,000 
At 31 March 2024
17,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
5,764 
13,500 
3,115 
22,379 
Additions
- 
52,100 
- 
52,100 
At 31 March 2024
5,764 
65,600 
3,115 
74,479 
Depreciation
At 1 April 2023
5,455 
8,517 
3,038 
17,010 
Charge for the year
77 
12,100 
19 
12,196 
At 31 March 2024
5,532 
20,617 
3,057 
29,206 
Net book value
At 31 March 2024
232 
44,983 
58 
45,273 
At 31 March 2023
309 
4,983 
77 
5,369 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
41,246 
- 
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Taymill Building Engineering Services Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
258,476 
507,405 
Accrued income and prepayments
10,552 
8,650 
Other debtors
256,461 
250,041 
525,489 
766,096 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,460 
3,735 
VAT
14,708 
33,010 
Obligations under finance leases and hire purchase contracts
5,249 
- 
Trade creditors
283,514 
229,496 
Taxes and social security
96,170 
52,376 
Other creditors
345 
271 
Loans from directors
1,102 
5,077 
Accruals
23,266 
7,479 
426,814 
331,444 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
32,334 
- 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
8,602 
1,020 
2024 
2023 
£ 
£ 
Provision at start of year
1,020 
1,360 
Charged/(credited) to the profit and loss account
7,582 
(340)
Provision at end of year
8,602 
1,020 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Taymill Building Engineering Services Limited Notes to the Accounts for the year ended 31 March 2024
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
22,774 
22,774 
Later than one year and not later than five years
16,710 
12,524 
39,484 
35,298 
12
Transactions with related parties
In a previous year the company loaned the sum of £248,699 to T.M.F. Property Solutions Limited, a company in which the Director, D Erb is a director and shareholder. Interest is being charged on this loan at the rate of 2% p.a. At the balance sheet date the amount of £255,042 (2023: £250,041) was outstanding. In addition to the above the company also paid expenses on behalf of T.M.F. Property Solutions Limited. At the balance sheet date the amount of £1,419 (2023: £ nil) was outstanding.
13
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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