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REGISTERED NUMBER: 02927172 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

TARRANTS TIMBER LIMITED

TARRANTS TIMBER LIMITED (REGISTERED NUMBER: 02927172)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TARRANTS TIMBER LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTOR: A S Tarrant





REGISTERED OFFICE: 107 Hindes Road
Harrow
Middlesex
HA1 1RU





BUSINESS ADDRESS: Harrow Garden Centre
Headstone Lane
Harrow
Middlesex
HA2 6NB





REGISTERED NUMBER: 02927172 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
107 Hindes Road
Harrow
Middlesex
HA1 1RU

TARRANTS TIMBER LIMITED (REGISTERED NUMBER: 02927172)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,681 48,532

CURRENT ASSETS
Stocks 179,508 190,129
Debtors 5 107,780 103,501
Cash at bank and in hand 11,713 28,718
299,001 322,348
CREDITORS
Amounts falling due within one year 6 191,640 187,476
NET CURRENT ASSETS 107,361 134,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,042

183,404

CREDITORS
Amounts falling due after more than one
year

7

(11,097

)

(57,080

)

PROVISIONS FOR LIABILITIES (9,171 ) (12,134 )
NET ASSETS 123,774 114,190

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 123,772 114,188
SHAREHOLDERS' FUNDS 123,774 114,190

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 19 February 2025 and were signed by:





A S Tarrant - Director


TARRANTS TIMBER LIMITED (REGISTERED NUMBER: 02927172)

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

1. STATUTORY INFORMATION

Tarrants Timber 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
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.

TARRANTS TIMBER LIMITED (REGISTERED NUMBER: 02927172)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 55,782 5,654 40,150 2,780 104,366
Additions - - - 375 375
At 30 November 2024 55,782 5,654 40,150 3,155 104,741
DEPRECIATION
At 1 December 2023 38,895 5,248 10,040 1,651 55,834
Charge for year 4,222 101 7,528 375 12,226
At 30 November 2024 43,117 5,349 17,568 2,026 68,060
NET BOOK VALUE
At 30 November 2024 12,665 305 22,582 1,129 36,681
At 30 November 2023 16,887 406 30,110 1,129 48,532

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023
and 30 November 2024 44,000
DEPRECIATION
At 1 December 2023 29,129
Charge for year 3,718
At 30 November 2024 32,847
NET BOOK VALUE
At 30 November 2024 11,153
At 30 November 2023 14,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,658 88,834
Other debtors 42,122 14,667
107,780 103,501

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,071 46,636
Hire purchase contracts 1,912 5,338
Trade creditors 94,031 90,289
Taxation and social security 24,452 26,480
Other creditors 27,174 18,733
191,640 187,476

TARRANTS TIMBER LIMITED (REGISTERED NUMBER: 02927172)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,000 54,071
Hire purchase contracts 1,097 3,009
11,097 57,080

8. RELATED PARTY DISCLOSURES

During the year the company issued dividends totalling £Nil to the director of the company (2023 : £20,500).

During the year the company operated directors loan accounts. At the balance sheet date, the company owed the director £6,028 (2023: £532).














9. ULTIMATE CONTROLLING PARTY

The company is controlled by A S Tarrant by virtue of his shareholding.