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TIMBER-TECH PROJECTS LIMITED

Registered Number
09834082
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

TIMBER-TECH PROJECTS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

LANCASTER, Adam John

Registered Address

The Old Granary
Dunton Road
Laindon
SS15 4DB

Registered Number

09834082 (England and Wales)
TIMBER-TECH PROJECTS LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets326,34940,812
26,34940,812
Current assets
Stocks53,39352,377
Debtors46,9355,391
Cash at bank and on hand39,69629,104
100,02486,872
Creditors amounts falling due within one year5(49,365)(43,826)
Net current assets (liabilities)50,65943,046
Total assets less current liabilities77,00883,858
Creditors amounts falling due after one year6(47,240)(54,423)
Net assets29,76829,435
Capital and reserves
Called up share capital22
Profit and loss account29,76629,433
Shareholders' funds29,76829,435
The financial statements were approved and authorised for issue by the Director on 24 July 2025, and are signed on its behalf by:
LANCASTER, Adam John
Director
Registered Company No. 09834082
TIMBER-TECH PROJECTS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles10
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2364,286
Disposals(28,356)
At 31 October 2435,930
Depreciation and impairment
At 01 November 2323,475
Charge for year7,374
On disposals(21,268)
At 31 October 249,581
Net book value
At 31 October 2426,349
At 31 October 2340,812
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,480-
Prepayments and accrued income3,4555,391
Total6,9355,391
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.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables14,6854,386
Bank borrowings and overdrafts10,00010,000
Taxation and social security24,68029,440
Total49,36543,826
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,13317,133
Other creditors40,10737,290
Total47,24054,423
Long 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.