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REGISTERED NUMBER: 11433663 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Timber Garden Products Limited

Timber Garden Products Limited (Registered number: 11433663)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Timber Garden Products Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R W Lincoln
Ms T P Jones Lincoln
Mr D Dybala





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 11433663 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Timber Garden Products Limited (Registered number: 11433663)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,716 59,871

CURRENT ASSETS
Cash at bank 28,406 5,247

CREDITORS
Amounts falling due within one year 5 39,446 19,367
NET CURRENT LIABILITIES (11,040 ) (14,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,676

45,751

CREDITORS
Amounts falling due after more than one
year

6

16,555

26,561
NET ASSETS 16,121 19,190

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 15,821 18,890
16,121 19,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:



Ms T P Jones Lincoln - Director


Timber Garden Products Limited (Registered number: 11433663)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Timber Garden Products 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.

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.

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 4 (2023 - 5 ) .

Timber Garden Products Limited (Registered number: 11433663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 14,361 3,200 59,589 7,985 85,135
Additions 8,179 - - - 8,179
At 30 June 2024 22,540 3,200 59,589 7,985 93,314
DEPRECIATION
At 1 July 2023 8,889 1,304 9,425 5,646 25,264
Charge for year 3,287 1,066 18,463 1,518 24,334
At 30 June 2024 12,176 2,370 27,888 7,164 49,598
NET BOOK VALUE
At 30 June 2024 10,364 830 31,701 821 43,716
At 30 June 2023 5,472 1,896 50,164 2,339 59,871

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,389 6,389
Hire purchase contracts 4,239 4,239
Trade creditors 2,249 2,927
Tax 8,062 -
Social security and other taxes 785 (261 )
Pension fund 47 104
VAT 7,589 4,369
Other creditors 8,586 -
Accrued expenses 1,500 1,600
39,446 19,367

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 6,389 6,389
Bank loans - 2-5 years 3,171 9,092
Hire purchase contracts 6,995 11,080
16,555 26,561