Registered number
11564908
TID CONSTRUCTION LIMITED
Filleted Accounts
30 September 2024
TID CONSTRUCTION LIMITED
Registered number: 11564908
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 24,259 5,545
Current assets
Debtors 4 24,730 -
Cash at bank and in hand 41,873 59,034
66,603 59,034
Creditors: amounts falling due within one year 5 (74,289) (72,740)
Net current liabilities (7,686) (13,706)
Net assets/(liabilities) 16,573 (8,161)
Capital and reserves
Called up share capital 1 1
Profit and loss account 16,572 (8,162)
Shareholder's funds 16,573 (8,161)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ivaylo Ruskov Dimitrov
Director
Approved by the board on 1 June 2025
TID CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 5,551 13,975 19,526
Additions 17,500 12,795 30,295
At 30 September 2024 23,051 26,770 49,821
Depreciation
At 1 October 2023 3,499 10,482 13,981
Charge for the year 4,888 6,693 11,581
At 30 September 2024 8,387 17,175 25,562
Net book value
At 30 September 2024 14,664 9,595 24,259
At 30 September 2023 2,052 3,493 5,545
4 Debtors 2024 2023
£ £
Trade debtors 22,704 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 685 -
Other debtors 1,341 -
24,730 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,173 32,061
Obligations under finance lease and hire purchase contracts 12,634 5,705
Trade creditors 9,661 2,720
Taxation and social security costs 28,821 30,144
Other creditors - 2,110
74,289 72,740
6 Other information
TID CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
127 LONGFELLOW ROAD
Worcester Park,
KT4 8BA
TID CONSTRUCTION LIMITED 11564908 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Ivaylo Ruskov Dimitrov No description of principal activity 11564908 2022-10-01 2023-09-30 11564908 core:WithinOneYear 2023-09-30 11564908 core:ShareCapital 2023-09-30 11564908 core:RetainedEarningsAccumulatedLosses 2023-09-30 11564908 2023-10-01 2024-09-30 11564908 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11564908 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11564908 bus:Director40 2023-10-01 2024-09-30 11564908 1 2023-10-01 2024-09-30 11564908 2 2023-10-01 2024-09-30 11564908 core:PlantMachinery 2023-10-01 2024-09-30 11564908 core:Vehicles 2023-10-01 2024-09-30 11564908 countries:England 2023-10-01 2024-09-30 11564908 bus:FRS102 2023-10-01 2024-09-30 11564908 bus:FilletedAccounts 2023-10-01 2024-09-30 11564908 2024-09-30 11564908 core:WithinOneYear 2024-09-30 11564908 core:ShareCapital 2024-09-30 11564908 core:RetainedEarningsAccumulatedLosses 2024-09-30 11564908 core:PlantMachinery 2024-09-30 11564908 core:Vehicles 2024-09-30 11564908 2023-09-30 11564908 core:PlantMachinery 2023-09-30 11564908 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure