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REGISTERED NUMBER: 01834276 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Til-ex Limited

Til-ex Limited (Registered number: 01834276)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Til-ex Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R J Elliott
V A Elliott
S P King





SECRETARY: V A Elliott





REGISTERED OFFICE: Grove Works
Healey Road
Ossett
West Yorkshire
WF5 8LN





REGISTERED NUMBER: 01834276 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Til-ex Limited (Registered number: 01834276)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 736,182 758,175

CURRENT ASSETS
Debtors 4 1,229,532 1,377,054
Cash at bank and in hand 2,275,199 1,995,162
3,504,731 3,372,216
CREDITORS
Amounts falling due within one year 5 (1,466,693 ) (1,512,226 )
NET CURRENT ASSETS 2,038,038 1,859,990
TOTAL ASSETS LESS CURRENT LIABILITIES 2,774,220 2,618,165

PROVISIONS FOR LIABILITIES (90,497 ) (100,576 )
NET ASSETS 2,683,723 2,517,589

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 2,683,623 2,517,489
SHAREHOLDERS' FUNDS 2,683,723 2,517,589

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

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

Til-ex Limited (Registered number: 01834276)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:




R J Elliott - Director



V A Elliott - Director


Til-ex Limited (Registered number: 01834276)

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

1. 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.

Land and buildings - 2% on cost
Plant and machinery etc - 10-25% on cost

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 35 ) .

Til-ex Limited (Registered number: 01834276)

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

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 342,862 968,805 64,310 283,303 1,659,280
Additions - 27,837 - 76,512 104,349
Disposals - - - (47,110 ) (47,110 )
At 30 September 2024 342,862 996,642 64,310 312,705 1,716,519
DEPRECIATION
At 1 October 2023 36,000 644,061 54,550 166,494 901,105
Charge for year 2,000 74,653 4,183 45,506 126,342
Eliminated on disposal - - - (47,110 ) (47,110 )
At 30 September 2024 38,000 718,714 58,733 164,890 980,337
NET BOOK VALUE
At 30 September 2024 304,862 277,928 5,577 147,815 736,182
At 30 September 2023 306,862 324,744 9,760 116,809 758,175

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 788,261 936,230
Other debtors 259,944 260,584
1,048,205 1,196,814

Amounts falling due after more than one year:
Amounts owed by group undertakings 181,327 180,240

Aggregate amounts 1,229,532 1,377,054

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 886,914 929,945
Taxation and social security 268,436 267,683
Other creditors 311,343 314,598
1,466,693 1,512,226

Til-ex Limited (Registered number: 01834276)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares 1 100 100