REGISTERED NUMBER: 04260599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TIMBER WINDOWS NORTH LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

171,913

120,089

171,913

120,089

CURRENT ASSETS

Stocks

2,292

11,994

Debtors

6

436,281

662,442

Cash at bank

1,006,748

1,069,964

1,445,321

1,744,400

CREDITORS

Amounts falling due within one year

7

957,794

1,216,700

NET CURRENT ASSETS

487,527

527,700

TOTAL ASSETS LESS CURRENT LIABILITIES

659,440

647,789

CREDITORS

Amounts falling due after more than one year

8

(46,414

)

(13,045

)

PROVISIONS FOR LIABILITIES

(42,436

)

(29,807

)

NET ASSETS

570,590

604,937

CAPITAL AND RESERVES

Called up share capital

60

70

Capital redemption reserve

40

30

Retained earnings

570,490

604,837

SHAREHOLDERS' FUNDS

570,590

604,937

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:

D Ambler - Director

O J Surtees - Director

1.	STATUTORY INFORMATION

Timber Windows North Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04260599

Registered office:

The Kennels

9A Harewood Yard

Harewood House Estate

Leeds

West Yorkshire

LS17 9LF

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

Turnover is recognised on completion of the supply and installation of goods. Deposits received on the receipt of orders are not recognised until the completion of the supply and installation of goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, has been amortised evenly over its estimated useful life.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

125,000

AMORTISATION

At 1 October 2023

and 30 September 2024

125,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

21,624

72,409

156,763

16,884

267,680

Additions

7,513

133

86,036

-

93,682

At 30 September 2024

29,137

72,542

242,799

16,884

361,362

DEPRECIATION

At 1 October 2023

13,323

51,729

68,779

13,760

147,591

Charge for year

1,722

3,108

34,543

2,485

41,858

At 30 September 2024

15,045

54,837

103,322

16,245

189,449

NET BOOK VALUE

At 30 September 2024

14,092

17,705

139,477

639

171,913

At 30 September 2023

8,301

20,680

87,984

3,124

120,089

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

148,816

210,464

Amounts owed by associates

6,391

-

Directors' current accounts

1,125

2,831

Prepayments and accrued income

279,949

449,147

436,281

662,442

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

6,049

6,102

Hire purchase contracts (see note 9)

13,372

-

Trade creditors

47,493

10,737

Social security and other taxes

69,839

111,528

VAT

69,109

45,039

Other creditors

1,863

2,015

Directors' current accounts

-

19,650

Accruals and deferred income

750,069

1,021,629

957,794

1,216,700

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

6,996

13,045

Hire purchase contracts (see note 9)

39,418

-

46,414

13,045

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

30.9.24

30.9.23

£

£

Net obligations repayable:

Within one year

13,372

-

Between one and five years

39,418

-

52,790

-

Non-cancellable operating

leases

30.9.24

30.9.23

£

£

Within one year

51,928

54,876

Between one and five years

68,113

120,041

120,041

174,917

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Hire purchase contracts

52,790

-

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year monies totalling £85,831 (2023: £131,768) were received from a director and £83,000 (2023: £151,243) was repaid to the director. At the year end an amount of £0 was owed to the company by the director (2023: £2,831 was owed to the company by the director).

During the year monies totalling £83,000 (2023: £149,777) were received from another director and £103,775 (2023: £130,127) was repaid to that director. At the year end an amount of £1,125 was owed to the company by the director (2023: £19,650 was owed to the director by the company).