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REGISTERED NUMBER: 06885049 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

H TIMMINS GROUP LIMITED

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H TIMMINS GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2024







DIRECTORS: Mr H Timmins
Ms J A Timmins
Mrs L J Holstenberg





REGISTERED OFFICE: Unit 6 Langham Street
Ashton under Lyne
Oldham
Greater Manchester
OL7 9AX





REGISTERED NUMBER: 06885049 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

BALANCE SHEET
30th September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 60,000 80,000
Tangible assets 5 124,363 144,313
184,363 224,313

CURRENT ASSETS
Stocks 649,450 514,516
Debtors 6 1,629,913 1,539,430
Cash at bank 459,420 992,036
2,738,783 3,045,982
CREDITORS
Amounts falling due within one year 7 (2,077,075 ) (2,503,622 )
NET CURRENT ASSETS 661,708 542,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

846,071

766,673

CREDITORS
Amounts falling due after more than one
year

8

(123,632

)

(278,258

)

PROVISIONS FOR LIABILITIES (15,761 ) (19,770 )
NET ASSETS 706,678 468,645

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 706,578 468,545
SHAREHOLDERS' FUNDS 706,678 468,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

BALANCE SHEET - continued
30th September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2025 and were signed on its behalf by:





Mr H Timmins - Director


H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024


1. STATUTORY INFORMATION

H Timmins Group Limited is a private company, limited by shares, registered in England and Wales, registration number 06885049. The address of the registered office and principal place of business is 1 Unit 6 Langham Street, Ashton under Lyne, Oldham, Greater Manchester, OL7 9AX.

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies above, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period,or in the period of the revision and future periods if the revision affects both current and future periods.

Provisions
The company accounts for provisions in accordance with FRS 102.

Turnover
Turnover represents amounts recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts, and is reduced for estimated customer returns, rebates and other similar allowances. Turnover principally consists of construction and maintenance which are recognised at the point of which the goods or services are provided.

Goodwill
Goodwill is the difference between amounts paid on acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and Loss account over its estimated economic life of 10 years.

Tangible fixed assets
Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on plant and equipment is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Improvement to property-15% reducing balance
Fixtures and fittings-15% reducing balance
Motor vehicles-15% reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred.

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
Assets that are held by the Company under leases which transfer to the Company substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the statements of financial position as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability, finance expenses are recognised immediately in profit or loss. Contingent rentals are recognised as expenses in the periods in which they are incurred.

Provisions
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charge to the provision carried in the balance sheet.

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.

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand. Bank borrowings are included within creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 200,000
AMORTISATION
At 1st October 2023 120,000
Charge for year 20,000
At 30th September 2024 140,000
NET BOOK VALUE
At 30th September 2024 60,000
At 30th September 2023 80,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st October 2023 122,672 44,892 69,400 236,964
Additions - 1,810 - 1,810
At 30th September 2024 122,672 46,702 69,400 238,774
DEPRECIATION
At 1st October 2023 58,070 33,713 868 92,651
Charge for year 9,691 1,790 10,279 21,760
At 30th September 2024 67,761 35,503 11,147 114,411
NET BOOK VALUE
At 30th September 2024 54,911 11,199 58,253 124,363
At 30th September 2023 64,602 11,179 68,532 144,313

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,295,271 1,265,909
Other debtors 334,642 273,521
1,629,913 1,539,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts (see note 9) 3,798 4,431
Trade creditors 609,185 802,727
Taxation and social security 158,390 216,130
Other creditors 1,265,702 1,440,334
2,077,075 2,503,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,667 66,667
Hire purchase contracts (see note 9) 48,674 48,749
Other creditors 48,291 162,842
123,632 278,258

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 3,798 4,431
Between one and five years 48,674 48,749
52,472 53,180

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 66,667 106,667
Cynergy Finance 946,335 1,104,602
1,013,002 1,211,269

The bank overdraft and factoring accounts are secured by a fixed and floating charge over all property and assets of the company.

H TIMMINS GROUP LIMITED (REGISTERED NUMBER: 06885049)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary £1 98 98
2 Ordinary A £1 2 2
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
Mr H Timmins
Balance outstanding at start of year 133,181 140,300
Amounts advanced 349,757 142,881
Amounts repaid (345,000 ) (150,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 137,938 133,181

At the reporting date, the company was owed £137,938 (2023 £133,180) by the directors. This amount represents loans whereby interest has been charged at 2.25% and is repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year, the company undertook the following transactions with entities under the control of
a director.

2024 2023
£ £
Rental Expense 35,000 99,500

At the reporting date the company owed £2,917 to entities under common control (2023: £106,570). This amount has been included within trade creditors.