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Company Registration No. 13068833 (England and Wales)
TIMOTAL CONSTRUCTION LTD Unaudited accounts for the year ended 31 December 2024
TIMOTAL CONSTRUCTION LTD Unaudited accounts Contents
Page
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TIMOTAL CONSTRUCTION LTD Company Information for the year ended 31 December 2024
Director
TIMOFTE COSTEL
Company Number
13068833 (England and Wales)
Registered Office
176 Tamworth Lane Mitcham Surrey CR4 1DE England
Accountants
EMILIA ACCOUNTANCY LTD 58 STROUD CREDCENT LONDON UK SW15 3EJ
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TIMOTAL CONSTRUCTION LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,017 
23,492 
Current assets
Inventories
47,554 
59,358 
Cash at bank and in hand
22,000 
66,332 
69,554 
125,690 
Creditors: amounts falling due within one year
(40,005)
(59,182)
Net current assets
29,549 
66,508 
Total assets less current liabilities
48,566 
90,000 
Creditors: amounts falling due after more than one year
(41,514)
(33,418)
Net assets
7,052 
56,582 
Capital and reserves
Called up share capital
2 
2 
Share premium
2 
2 
Profit and loss account
7,048 
56,578 
Shareholders' funds
7,052 
56,582 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 April 2025 and were signed on its behalf by
TIMOFTE COSTEL Director Company Registration No. 13068833
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TIMOTAL CONSTRUCTION LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
TIMOTAL CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 13068833. The registered office is 176 Tamworth Lane, Mitcham, Surrey, CR4 1DE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2024
33,560 
At 31 December 2024
33,560 
Depreciation
At 1 January 2024
10,068 
Charge for the year
4,475 
At 31 December 2024
14,543 
Net book value
At 31 December 2024
19,017 
At 31 December 2023
23,492 
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TIMOTAL CONSTRUCTION LTD Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,659 
11,704 
Trade creditors
52,983 
39,300 
Taxes and social security
4,012 
4,071 
Loans from directors
(27,399)
4,107 
Accruals
(2,250)
- 
40,005 
59,182 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
17,454 
22,490 
Taxes and social security
24,060 
10,928 
41,514 
33,418 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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