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REGISTERED NUMBER: 07110629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Timbercraft Design Limited

Timbercraft Design Limited (Registered number: 07110629)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Timbercraft Design Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K Mulhern





REGISTERED OFFICE: Unit 7 Carrwood Road Industrial Estate
Carrwood Road
Chesterfield
Derbyshire
S41 9QB





REGISTERED NUMBER: 07110629 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

Timbercraft Design Limited (Registered number: 07110629)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,333 10,895

CURRENT ASSETS
Debtors 5 43,579 37,665
Cash at bank 9,636 12,182
53,215 49,847
CREDITORS
Amounts falling due within one year 6 34,248 24,532
NET CURRENT ASSETS 18,967 25,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,300

36,210

CREDITORS
Amounts falling due after more than
one year

7

30,093

35,648
NET ASSETS 5,207 562

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,206 561
SHAREHOLDERS' FUNDS 5,207 562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Timbercraft Design Limited (Registered number: 07110629)

Balance Sheet - continued
31 December 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 director and authorised for issue on 5 March 2025 and were signed by:





K Mulhern - Director


Timbercraft Design Limited (Registered number: 07110629)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Timbercraft Design 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.

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.

Timbercraft Design Limited (Registered number: 07110629)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
and
Photographic
Plant and Motor Equ
machinery vehicles ipment Totals
£    £    £    £   
COST
At 1 January 2024 34,903 18,240 8,370 61,513
Additions 9,233 - - 9,233
At 31 December 2024 44,136 18,240 8,370 70,746
DEPRECIATION
At 1 January 2024 27,695 14,553 8,370 50,618
Charge for year 2,873 922 - 3,795
At 31 December 2024 30,568 15,475 8,370 54,413
NET BOOK VALUE
At 31 December 2024 13,568 2,765 - 16,333
At 31 December 2023 7,208 3,687 - 10,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 43,579 35,665
Prepayments - 2,000
43,579 37,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax - 925
Social security and other taxes 3,583 2,955
VAT 29,540 19,586
Directors' current accounts 73 73
Accrued expenses 1,052 993
34,248 24,532

Timbercraft Design Limited (Registered number: 07110629)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 30,093 35,648