Company registration number 06682896 (England and Wales)
TBT Joinery Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
TBT Joinery Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
TBT Joinery Limited
Statement of financial position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
53,428
342,238
Current assets
Stocks
24,983
26,750
Debtors
4
149,527
152,599
Cash at bank and in hand
225,372
81,829
399,882
261,178
Creditors: amounts falling due within one year
5
(244,145)
(193,659)
Net current assets
155,737
67,519
Total assets less current liabilities
209,165
409,757
Creditors: amounts falling due after more than one year
6
(8,678)
(175,811)
Provisions for liabilities
(13,357)
-
0
Net assets
187,130
233,946
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
187,030
233,846
Total equity
187,130
233,946
TBT Joinery Limited
Statement of financial position (continued)
as at 31 August 2024
- 2 -

For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
D Smith
Director
Company registration number 06682896 (England and Wales)
TBT Joinery Limited
Notes to the financial statements
for the year ended 31 August 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on supply of services to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Leasehold improvements
Straight line over the life of the lease.
Plant and machinery
10% reducing balance
Fixtures and fittings
10% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

TBT Joinery Limited
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
14
3
Tangible fixed assets
Freehold land and buildings
Leasehold improvements
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
£
Cost
At 1 September 2023
282,883
4,985
39,517
70,392
397,777
Disposals
(282,883)
-
0
-
0
-
0
(282,883)
At 31 August 2024
-
0
4,985
39,517
70,392
114,894
Depreciation and impairment
At 1 September 2023
-
0
4,985
21,728
28,826
55,539
Depreciation charged in the year
-
0
-
0
1,770
4,157
5,927
At 31 August 2024
-
0
4,985
23,498
32,983
61,466
Carrying amount
At 31 August 2024
-
0
-
0
16,019
37,409
53,428
At 31 August 2023
282,883
-
0
17,789
41,566
342,238
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
42,848
91,586
Amounts owed by group undertakings
100,000
-
0
Other debtors
6,679
46,607
Prepayments and accrued income
-
0
14,406
149,527
152,599
TBT Joinery Limited
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
19,198
31,353
Trade creditors
71,989
50,109
Corporation tax
30,140
7,509
Other taxation and social security
372
8,183
Other creditors
31,511
31,846
Accruals and deferred income
90,935
64,659
244,145
193,659

The bank loan is secured by fixed charges over the asset to which it relates.

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans
8,678
175,811

The bank loan is secured by fixed charges over the asset to which it relates.

7
Parent company

The company's parent company is DS2 Holdings Limited, a company registered in England and Wales, whose registered office is situated at West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

8
Company information

TBT Joinery Limited is a private company limited by shares incorporated in England and Wales. The registered office is TBT House, Arches Street, Halifax, HX1 2SY.

2024-08-312023-09-01falsefalsefalse19 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityD J StilesD SmithK J Brisco066828962023-09-012024-08-31066828962024-08-31066828962023-08-3106682896core:LandBuildingscore:OwnedOrFreeholdAssets2024-08-3106682896core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-08-3106682896core:PlantMachinery2024-08-3106682896core:FurnitureFittings2024-08-3106682896core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3106682896core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-08-3106682896core:PlantMachinery2023-08-3106682896core:FurnitureFittings2023-08-3106682896core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3106682896core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3106682896core:Non-currentFinancialInstrumentscore:AfterOneYear2024-08-3106682896core:Non-currentFinancialInstrumentscore:AfterOneYear2023-08-3106682896core:CurrentFinancialInstruments2024-08-3106682896core:CurrentFinancialInstruments2023-08-3106682896core:ShareCapital2024-08-3106682896core:ShareCapital2023-08-3106682896core:RetainedEarningsAccumulatedLosses2024-08-3106682896core:RetainedEarningsAccumulatedLosses2023-08-3106682896bus:Director22023-09-012024-08-3106682896core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-012024-08-3106682896core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-09-012024-08-3106682896core:PlantMachinery2023-09-012024-08-3106682896core:FurnitureFittings2023-09-012024-08-31066828962022-09-012023-08-3106682896core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3106682896core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-08-3106682896core:PlantMachinery2023-08-3106682896core:FurnitureFittings2023-08-31066828962023-08-3106682896core:Non-currentFinancialInstruments2024-08-3106682896core:Non-currentFinancialInstruments2023-08-3106682896bus:PrivateLimitedCompanyLtd2023-09-012024-08-3106682896bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3106682896bus:FRS1022023-09-012024-08-3106682896bus:AuditExemptWithAccountantsReport2023-09-012024-08-3106682896bus:Director12023-09-012024-08-3106682896bus:Director32023-09-012024-08-3106682896bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP