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REGISTERED NUMBER: 08112996 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

All Timber Frames Ltd

All Timber Frames Ltd (Registered number: 08112996)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


All Timber Frames Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N Guscott





REGISTERED OFFICE: Unit 1- Whitecross Farm
Cheriton Fitzpaine
Crediton
Devon
EX17 4HE





REGISTERED NUMBER: 08112996 (England and Wales)





ACCOUNTANTS: Bedford & Co Ltd
128 High Street
Crediton
Devon
EX17 3LQ

All Timber Frames Ltd (Registered number: 08112996)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 361,547 322,960
361,547 322,960

CURRENT ASSETS
Stocks 43,637 593,856
Debtors 6 280,316 128,155
Cash at bank 1,386,000 377,713
1,709,953 1,099,724
CREDITORS
Amounts falling due within one year 7 1,054,439 565,628
NET CURRENT ASSETS 655,514 534,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,017,061

857,056

CREDITORS
Amounts falling due after more than one
year

8

(9,170

)

(19,170

)

PROVISIONS FOR LIABILITIES (22,435 ) (12,788 )
NET ASSETS 985,456 825,098

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 985,356 824,998
SHAREHOLDERS' FUNDS 985,456 825,098

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 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.

All Timber Frames Ltd (Registered number: 08112996)

Balance Sheet - continued
30 June 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 21 March 2025 and were signed by:





N Guscott - Director


All Timber Frames Ltd (Registered number: 08112996)

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

1. STATUTORY INFORMATION

All Timber Frames Ltd 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.

The company's place of business is Unit 1, Whitecross Farm, Cheriton Fitzpaine, Crediton, Devon, EX17 4HE.

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.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable from the sale of goods, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when goods are delivered to customers such that risks and rewards of ownership have been transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated on a first in first out basis.

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.

All Timber Frames Ltd (Registered number: 08112996)

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

2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

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 term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 164,951 338,585 503,536
Additions - 66,278 66,278
At 30 June 2024 164,951 404,863 569,814
DEPRECIATION
At 1 July 2023 - 180,576 180,576
Charge for year - 27,691 27,691
At 30 June 2024 - 208,267 208,267
NET BOOK VALUE
At 30 June 2024 164,951 196,596 361,547
At 30 June 2023 164,951 158,009 322,960

All Timber Frames Ltd (Registered number: 08112996)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 255,423 111,792
Other debtors 24,893 16,363
280,316 128,155

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,997 9,997
Trade creditors 452,518 92,729
Taxation and social security 61,199 8,903
Other creditors 530,725 453,999
1,054,439 565,628

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,170 19,170

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 19,167 29,167

The company's bankers, Lloyds Bank PLC, hold a debenture over the company's assets dated 02 September 2016.