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Company Registration No. 11008244 (England and Wales)
T & G Timber Ltd Unaudited accounts for the year ended 31 March 2025
T & G Timber Ltd Unaudited accounts Contents
Page
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T & G Timber Ltd Company Information for the year ended 31 March 2025
Directors
J Guidera J Tuite
Company Number
11008244 (England and Wales)
Registered Office
Unit 4 Glenville Mews London SW18 4NJ England
Accountants
Tuite Tang Wong Chartered Certified Accountants 15 The Broadway Woodford Green Essex IG8 0HL
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T & G Timber Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,987 
9,136 
Current assets
Inventories
24,841 
22,141 
Debtors
15,585 
14,846 
Cash at bank and in hand
21,623 
23,417 
62,049 
60,404 
Creditors: amounts falling due within one year
(30,120)
(36,867)
Net current assets
31,929 
23,537 
Total assets less current liabilities
37,916 
32,673 
Creditors: amounts falling due after more than one year
(147,402)
(119,172)
Net liabilities
(109,486)
(86,499)
Capital and reserves
Called up share capital
90,000 
90,000 
Capital contribution reserve
44,065 
37,319 
Profit and loss account
(243,551)
(213,818)
Shareholders' funds
(109,486)
(86,499)
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by
J Tuite Director Company Registration No. 11008244
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T & G Timber Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
T & G Timber Ltd is a private company, limited by shares, registered in England and Wales, registration number 11008244. The registered office is Unit 4 Glenville Mews, London, SW18 4NJ, 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.
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:
Plant & machinery
Straight line at 20%
Motor vehicles
Straight line at 20%
Fixtures & fittings
Straight line at 33.3%
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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T & G Timber Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
12,027 
4,799 
2,466 
19,292 
At 31 March 2025
12,027 
4,799 
2,466 
19,292 
Depreciation
At 1 April 2024
7,824 
103 
2,229 
10,156 
Charge for the year
2,073 
960 
116 
3,149 
At 31 March 2025
9,897 
1,063 
2,345 
13,305 
Net book value
At 31 March 2025
2,130 
3,736 
121 
5,987 
At 31 March 2024
4,203 
4,696 
237 
9,136 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
344 
Trade debtors
2,590 
1,662 
Accrued income and prepayments
12,995 
12,840 
15,585 
14,846 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
7,323 
7,142 
VAT
2,081 
- 
Trade creditors
15,707 
23,591 
Taxes and social security
2,819 
3,047 
Loans from directors
2,190 
3,087 
30,120 
36,867 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,243 
8,566 
Other creditors
84,434 
52,281 
Loans from directors
61,725 
58,325 
147,402 
119,172 
Loan from Veratec Ltd 10-year interest-free loan discounted to its NPV at the market rate of interest. The notional amount outstanding of £128,500 was discounted at the market rate of interest of 7.25% over the remaining 6-year term. The change in the value was taken to reserves as a capital contribution. The fair value is £84,434 (2024 - £52,281) and the change in value included in profit or loss is £Nil (2024 - £Nil)
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T & G Timber Ltd Notes to the Accounts for the year ended 31 March 2025
8
Transactions with related parties
Loans from related parties 2025 Loans from key management At start of period £58,325 Advanced £3,400 At end of period £61,725 Loans from other related parties At start of period £52,281 Advanced £38,899 Transfer to reserves (£6,746) At end of period £84,434 Terms of loans from related parties A 10-year interest-free loan repayable on 29/07/31 was advanced by James Guidera a director of T&G Timber Ltd. A 10-year interest-free loan repayable on 31/03/31 was advanced by Veratec Ltd a 25% shareholder in T&G Timber Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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