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REGISTERED NUMBER: 03624722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TIMBERPRIDE LIMITED

TIMBERPRIDE LIMITED (REGISTERED NUMBER: 03624722)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TIMBERPRIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs V L J Golesworthy
A J Golesworthy





SECRETARY: Mrs V L J Golesworthy





REGISTERED OFFICE: Timberpride Limited
Quercus Road
Tetbury
Gloucestershire
GL8 8GX





REGISTERED NUMBER: 03624722 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

TIMBERPRIDE LIMITED (REGISTERED NUMBER: 03624722)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 689,308 609,975

CURRENT ASSETS
Stocks 102,603 110,806
Debtors 5 85,620 22,482
Cash in hand 406 233
188,629 133,521
CREDITORS
Amounts falling due within one year 6 445,625 345,536
NET CURRENT LIABILITIES (256,996 ) (212,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,312

397,960

CREDITORS
Amounts falling due after more than one
year

7

252,760

205,437
NET ASSETS 179,552 192,523

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 8 255,000 255,000
Retained earnings (80,448 ) (67,477 )
SHAREHOLDERS' FUNDS 179,552 192,523

TIMBERPRIDE LIMITED (REGISTERED NUMBER: 03624722)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Mrs V L J Golesworthy - Director


TIMBERPRIDE LIMITED (REGISTERED NUMBER: 03624722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Timberpride Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The directors consider that in preparing the financial statements, they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

TIMBERPRIDE LIMITED (REGISTERED NUMBER: 03624722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 October 2023 493,820 369,107 -
Additions - 104,539 989
Disposals - (26,000 ) -
At 30 September 2024 493,820 447,646 989
Depreciation
At 1 October 2023 - 259,544 -
Charge for year - 18,557 165
Eliminated on disposal - (5,028 ) -
At 30 September 2024 - 273,073 165
Net book value
At 30 September 2024 493,820 174,573 824
At 30 September 2023 493,820 109,563 -

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 October 2023 - 62,232 925,159
Additions 16,388 2,881 124,797
Disposals - - (26,000 )
At 30 September 2024 16,388 65,113 1,023,956
Depreciation
At 1 October 2023 - 55,640 315,184
Charge for year 2,731 3,039 24,492
Eliminated on disposal - - (5,028 )
At 30 September 2024 2,731 58,679 334,648
Net book value
At 30 September 2024 13,657 6,434 689,308
At 30 September 2023 - 6,592 609,975

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
Additions 102,000 16,388 118,388
At 30 September 2024 102,000 16,388 118,388
Depreciation
Charge for year 8,500 2,731 11,231
At 30 September 2024 8,500 2,731 11,231
Net book value
At 30 September 2024 93,500 13,657 107,157

TIMBERPRIDE LIMITED (REGISTERED NUMBER: 03624722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,519 13,248
Amounts owed by group undertakings 11,970 4,001
Other debtors 27,131 5,233
85,620 22,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 66,789 48,189
Hire purchase contracts 17,174 -
Trade creditors 267,137 269,377
Taxation and social security 4,819 15,537
Other creditors 89,706 12,433
445,625 345,536

Included within bank loans and overdrafts less than 1 year is an amount of £22,165 (2023: £22,165) secured by a fixed and floating charge over all the property and undertaking of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 173,114 205,437
Hire purchase contracts 79,646 -
252,760 205,437

Included within bank loans and overdrafts greater than 1 year is an amount of £102,283 (2023: £123,891) secured by a fixed and floating charge over all the property and undertaking of the company.

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 255,000

9. RELATED PARTY DISCLOSURES

During the year, the company loaned Timberpride Waste Energy Ltd, a company by virtue of common control, £7,244 (2023: £2,000) and paid expenses on their behalf of £725 (2023: £nil). The balance outstanding at the balance sheet date and included within debtors: amounts owed by group companies was £11,970 (2023: £4,001.The loan is unsecured, interest free and carries no fixed date of repayment.

At the balance sheet date, the company has loaned £1,721 (2023: £nil) to the directors. The loan is interest free and carries no fixed date of repayment.