T.I.M Building and Maintenance Limited 10428896 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is building completion and finishing. Digita Accounts Production Advanced 6.30.9574.0 true true 10428896 2023-11-01 2024-10-31 10428896 2024-10-31 10428896 core:CurrentFinancialInstruments 2024-10-31 10428896 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 10428896 core:FurnitureFittingsToolsEquipment 2024-10-31 10428896 core:MotorVehicles 2024-10-31 10428896 bus:SmallEntities 2023-11-01 2024-10-31 10428896 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10428896 bus:FullAccounts 2023-11-01 2024-10-31 10428896 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10428896 bus:RegisteredOffice 2023-11-01 2024-10-31 10428896 bus:Director1 2023-11-01 2024-10-31 10428896 bus:Director2 2023-11-01 2024-10-31 10428896 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10428896 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 10428896 core:MotorVehicles 2023-11-01 2024-10-31 10428896 core:Vehicles 2023-11-01 2024-10-31 10428896 countries:England 2023-11-01 2024-10-31 10428896 2023-10-31 10428896 core:FurnitureFittingsToolsEquipment 2023-10-31 10428896 core:MotorVehicles 2023-10-31 10428896 2022-11-01 2023-10-31 10428896 2023-10-31 10428896 core:CurrentFinancialInstruments 2023-10-31 10428896 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 10428896 core:FurnitureFittingsToolsEquipment 2023-10-31 10428896 core:MotorVehicles 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 10428896

T.I.M Building and Maintenance Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

T.I.M Building and Maintenance Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

T.I.M Building and Maintenance Limited

Company Information

Directors

Elizabeth May Mold

Timothy James Taylor

Registered office

85 Boscow Road,
Little Hever
Bolton
BL3 1AB

Accountants

Gregory William McGrath
8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

 

T.I.M Building and Maintenance Limited

(Registration number: 10428896)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,106

12,361

Current assets

 

Debtors

5

3,600

10,508

Cash at bank and in hand

 

8,518

3,414

 

12,118

13,922

Creditors: Amounts falling due within one year

6

(80,595)

(83,068)

Net current liabilities

 

(68,477)

(69,146)

Net liabilities

 

(60,371)

(56,785)

Capital and reserves

 

Called up share capital

200

200

Retained earnings

(60,571)

(56,985)

Shareholders' deficit

 

(60,371)

(56,785)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2025 and signed on its behalf by:
 

.........................................
Elizabeth May Mold
Director

   
     
 

T.I.M Building and Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
85 Boscow Road,
Little Hever
Bolton
BL3 1AB

These financial statements were authorised for issue by the Board on 21 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

T.I.M Building and Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class

Depreciation method and rate

Motor Vehicles

18% pa Straight Line

Furniture, Fixtures & Equipment

18% pa Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

T.I.M Building and Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

T.I.M Building and Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

12,511

20,372

32,883

Additions

1,323

-

1,323

At 31 October 2024

13,834

20,372

34,206

Depreciation

At 1 November 2023

12,288

8,234

20,522

Charge for the year

1,911

3,667

5,578

At 31 October 2024

14,199

11,901

26,100

Carrying amount

At 31 October 2024

(365)

8,471

8,106

At 31 October 2023

223

12,138

12,361

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,050

10,508

Other debtors

1,550

-

 

3,600

10,508

6

Creditors

Creditors: amounts falling due within one year

 

T.I.M Building and Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

27,587

43,447

Trade creditors

 

28,963

22,205

Taxation and social security

 

-

1,346

Accruals and deferred income

 

847

912

Other creditors

 

23,198

15,158

 

80,595

83,068

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

27,587

43,447

8

Related party transactions

 

T.I.M Building and Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

29,712

30,594