Registered number
09275558
Dorset Timber Framing Ltd
Filleted Accounts
31 March 2025
Dorset Timber Framing Ltd
Registered number: 09275558
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 37,047 31,743
Current assets
Stocks 8,328 10,158
Debtors 4 73,204 35,132
Cash at bank and in hand 51,414 9,612
132,946 54,902
Creditors: amounts falling due within one year 5 (96,498) (55,991)
Net current assets/(liabilities) 36,448 (1,089)
Total assets less current liabilities 73,495 30,654
Creditors: amounts falling due after more than one year 6 (63,432) (11,667)
Provisions for liabilities (9,262) (7,936)
Net assets 801 11,051
Capital and reserves
Called up share capital 100 100
Profit and loss account 701 10,951
Shareholders' funds 801 11,051
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Dean Spiller
Director
Approved by the board on 18 June 2025
Dorset Timber Framing Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% Reducing Balance
Plant and machinery 20% Reducing Balance
Office equipment 33% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 11,899 40,243 45,913 98,055
Additions 2,618 9,818 - 12,436
At 31 March 2025 14,517 50,061 45,913 110,491
Depreciation
At 1 April 2024 10,095 28,146 28,071 66,312
Charge for the year 914 2,650 3,568 7,132
At 31 March 2025 11,009 30,796 31,639 73,444
Net book value
At 31 March 2025 3,508 19,265 14,274 37,047
At 31 March 2024 1,804 12,097 17,842 31,743
4 Debtors 2025 2024
£ £
Trade debtors 67,768 30,137
Other debtors 5,436 4,995
73,204 35,132
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 35,638 13,920
Trade creditors 9,969 6,608
Taxation and social security costs 33,778 23,473
Other creditors 17,113 11,990
96,498 55,991
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 63,432 11,667
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 4,751 -
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 17,500 17,500
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Dean Spiller
Interest-free and unsecured 9,349 - (9,349) -
9,349 - (9,349) -
10 Other information
Dorset Timber Framing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Everley Farm
Iwerne Steepleton
Blandford Forum
Dorset
DT11 8PT
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