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Registered number: 07244982

TIMBER MACHINE SERVICES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
FIELDING ACCOUNTANTS LIMITED
ACCOUNTANTS
73 BANKSIDE LANE
BACUP
LANCASHIRE
OL13 8HP

TIMBER MACHINE SERVICES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Janet Howard
Stephen Howard
Sam Howard
REGISTERED OFFICE
44 Penny Lodge Lane
Loveclough
Rossendale
LANCASHIRE
BB4 8PD
COMPANY DETAILS
Private company limited by shares registered in England and Wales, registered number 07244982
ACCOUNTANTS
FIELDING ACCOUNTANTS LIMITED
ACCOUNTANTS
73 BANKSIDE LANE
BACUP
LANCASHIRE
OL13 8HP

TIMBER MACHINE SERVICES LIMITED

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

TIMBER MACHINE SERVICES LIMITED

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets459,72234,127
CURRENT ASSETS
Debtors521,42431,149
Cash at bank and in hand46,64253,266
68,06684,415
CREDITORS: Amounts falling due within one year694,061103,843
NET CURRENT LIABILITIES(25,995)(19,428)
TOTAL ASSETS LESS CURRENT LIABILITIES33,72714,699
CREDITORS: Amounts falling due after more than one year712,595-
PROVISIONS FOR LIABILITIES AND CHARGES812,4046,484
NET ASSETS8,7288,215
CAPITAL AND RESERVES
Called up share capital933
Profit and loss account8,7258,212
SHAREHOLDERS' FUNDS8,7288,215
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/05/2025 and signed on their behalf by
.............................
Janet Howard
Director

TIMBER MACHINE SERVICES LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance25%
Fixtures And Fittingsreducing balance15%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees33
3. INTANGIBLE FIXED ASSETS
GoodwillTotal
££
Cost
At 01/11/202339,00039,000
At 31/10/202439,00039,000
Depreciation
At 01/11/202339,00039,000
At 31/10/202439,00039,000
Net Book Amounts
At 31/10/2024--

TIMBER MACHINE SERVICES LIMITED

4. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsTotal
£££
Cost
At 01/11/202338,39516,23754,632
Additions59,050-59,050
Disposals(38,395)-(38,395)
At 31/10/202459,05016,23775,287
Depreciation
At 01/11/202311,6098,89620,505
Disposals(11,609)-(11,609)
For the year5,5681,1016,669
At 31/10/20245,5689,99715,565
Net Book Amounts
At 31/10/202453,4826,24059,722
At 31/10/202326,7867,34134,127
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors19,81229,592
Prepayments1,6121,557
21,42431,149
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Corporation tax13,57321,282
VAT5,5011,291
PAYE control382274
Directors current account69,74679,460
Hire purchase3,359-
Trade creditors-36
Accruals1,5001,500
94,061103,843
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase >1yr12,595-
12,595-

TIMBER MACHINE SERVICES LIMITED

8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation12,4046,484
12,4046,484
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
33