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REGISTERED NUMBER: 13010500 (United Kingdom)















TIMBER FRAME DESIGN & BUILD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






TIMBER FRAME DESIGN & BUILD LIMITED (REGISTERED NUMBER: 13010500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TIMBER FRAME DESIGN & BUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Ms EP Peart





REGISTERED OFFICE: Holmbush Woods Stoke Road
Kelly Bray
Callington
Cornwall
PL17 8RA





REGISTERED NUMBER: 13010500 (United Kingdom)





ACCOUNTANTS: Jane Maynard Limited
T/A Maynard Johns
37 Mill Street
Bideford
DEVON
EX39 2JJ

TIMBER FRAME DESIGN & BUILD LIMITED (REGISTERED NUMBER: 13010500)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,720 48,657

CURRENT ASSETS
Stocks 9,327 7,331
Debtors 53,653 24,588
Cash at bank 29,590 76,005
92,570 107,924
CREDITORS
Amounts falling due within one year (66,514 ) (98,177 )
NET CURRENT ASSETS 26,056 9,747
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,776

58,404

PROVISIONS FOR LIABILITIES (3,372 ) -
NET ASSETS 69,404 58,404

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 69,402 58,402
69,404 58,404

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TIMBER FRAME DESIGN & BUILD LIMITED (REGISTERED NUMBER: 13010500)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2025 and were signed by:





Ms EP Peart - Director


TIMBER FRAME DESIGN & BUILD LIMITED (REGISTERED NUMBER: 13010500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Timber Frame Design & Build Limited is a private company, limited by shares , registered in United Kingdom. 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 for the Year ended 31st July 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 section 1A is 1st August 2023.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 July 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 August 2022.

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 - 5% on reducing balance and not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Freehold property was depreciation at 5% reducing balance for the first time this year, previously it was depreciated at 0%.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

TIMBER FRAME DESIGN & BUILD LIMITED (REGISTERED NUMBER: 13010500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 56,433
Additions 3,382
At 31 July 2024 59,815
DEPRECIATION
At 1 August 2023 7,776
Charge for year 5,319
At 31 July 2024 13,095
NET BOOK VALUE
At 31 July 2024 46,720
At 31 July 2023 48,657