Company registration number 11989530 (England and Wales)
Tim Gower Building Services Limited
Annual report and unaudited financial statements
For the year ended 31 May 2024
Pages for filing with registrar
Tim Gower Building Services Limited
Contents
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
Tim Gower Building Services Limited
Directors' report
For the year ended 31 May 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 May 2024.

Principal activities

The principal activity of the company is building and construction works.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

M Matthews
S Gower
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
M Matthews
S Gower
Director
Director
27 February 2025
Tim Gower Building Services Limited
Balance sheet
As at 31 May 2024
31 May 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,000
-
0
Current assets
Debtors
4
10,392
756
Cash at bank and in hand
13,242
43,537
23,634
44,293
Creditors: amounts falling due within one year
5
(35,204)
(43,098)
Net current (liabilities)/assets
(11,570)
1,195
Net (liabilities)/assets
(5,570)
1,195
Capital and reserves
Called up share capital
300
300
Profit and loss reserves
(5,870)
895
Total equity
(5,570)
1,195

For the financial year ended 31 May 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 February 2025 and are signed on its behalf by:
M Matthews
S Gower
Director
Director
Company registration number 11989530 (England and Wales)
Tim Gower Building Services Limited
Notes to the financial statements
For the year ended 31 May 2024
- 3 -
1
Accounting policies
Company information

Tim Gower Building Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 125 John Wilson Business Park, Chestfield, Whitstable, Kent, CT5 3QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors agree that they will provide sufficient funding to meet the company's obligations when necessary and for the foreseeable future. It is on this basis that the director considers it appropriate to prepare the financial statements on the going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, net of discounts and value added taxes.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line basis
Fixtures and fittings
25% straight line basis
Motor vehicles
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
Tim Gower Building Services Limited
Notes to the financial statements (continued)
For the year ended 31 May 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2023
650
100
1,000
1,750
Additions
-
0
-
0
8,000
8,000
Disposals
-
0
-
0
(1,000)
(1,000)
At 31 May 2024
650
100
8,000
8,750
Depreciation and impairment
At 1 June 2023
650
100
1,000
1,750
Depreciation charged in the year
-
0
-
0
2,000
2,000
Eliminated in respect of disposals
-
0
-
0
(1,000)
(1,000)
At 31 May 2024
650
100
2,000
2,750
Carrying amount
At 31 May 2024
-
0
-
0
6,000
6,000
At 31 May 2023
-
0
-
0
-
0
-
0
4
Debtors : amounts falling due within one year
2024
2023
£
£
Trade debtors
9,619
-
0
Other debtors
-
0
440
Prepayments and accrued income
773
316
10,392
756
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
486
-
0
Payments received on account
-
0
7,563
Trade creditors
2,598
3,031
Corporation tax
10,781
16,864
Other taxation and social security
3,973
7,786
Other creditors
15,491
4,494
Accruals and deferred income
1,875
3,360
35,204
43,098
Tim Gower Building Services Limited
Notes to the financial statements (continued)
For the year ended 31 May 2024
- 5 -
6
Directors' transactions

Dividends totalling £50,411 (2023 - £43,518) were paid in the year in respect of shares held by the company's directors.

The directors loan accounts were not overdrawn during the year.

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