| Registered number: 07244982 | ||||||||
| 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 | ||||||||
| REGISTERED OFFICE | ||||||||
| LANCASHIRE | ||||||||
| 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 Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| 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 | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 68,066 | 84,415 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT LIABILITIES | ( | (19,428) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 12,595 | - | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Profit and loss account | 8,725 | 8,212 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| 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 | ||||||||
| Commercial Vehicles | reducing balance25% | |||||||
| Fixtures And Fittings | reducing 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 | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 3 | |||||
| 3. INTANGIBLE FIXED ASSETS | ||||
| Goodwill | Total | |||
| £ | £ | |||
| Cost | ||||
| At 01/11/2023 | 39,000 | 39,000 | ||
| At 31/10/2024 | 39,000 | 39,000 | ||
| Depreciation | ||||
| At 01/11/2023 | 39,000 | 39,000 | ||
| At 31/10/2024 | 39,000 | 39,000 | ||
| Net Book Amounts | ||||
| At 31/10/2024 | ||||
| TIMBER MACHINE SERVICES LIMITED | ||||||||
| 4. TANGIBLE FIXED ASSETS | ||||||
| Commercial | Fixtures | |||||
| Vehicles | and Fittings | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/11/2023 | 38,395 | 16,237 | 54,632 | |||
| Additions | 59,050 | - | 59,050 | |||
| Disposals | (38,395) | - | (38,395) | |||
| At 31/10/2024 | 59,050 | 16,237 | 75,287 | |||
| Depreciation | ||||||
| At 01/11/2023 | 11,609 | 8,896 | 20,505 | |||
| Disposals | (11,609) | - | (11,609) | |||
| For the year | 5,568 | 1,101 | 6,669 | |||
| At 31/10/2024 | 5,568 | 9,997 | 15,565 | |||
| Net Book Amounts | ||||||
| At 31/10/2024 | 59,722 | |||||
| At 31/10/2023 | 34,127 | |||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 19,812 | 29,592 | ||||||
| Prepayments | 1,612 | 1,557 | ||||||
| 21,424 | 31,149 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Corporation tax | 13,573 | 21,282 | ||||||
| VAT | 5,501 | 1,291 | ||||||
| PAYE control | 382 | 274 | ||||||
| Directors current account | 69,746 | 79,460 | ||||||
| Hire purchase | 3,359 | - | ||||||
| Trade creditors | - | 36 | ||||||
| Accruals | 1,500 | 1,500 | ||||||
| 94,061 | 103,843 | |||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Hire purchase >1yr | 12,595 | - | ||||||
| 12,595 | - | |||||||
| TIMBER MACHINE SERVICES LIMITED | ||||||||
| 8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 12,404 | 6,484 | ||||||
| 12,404 | 6,484 | |||||||
| 9. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 3 | 3 | |||||||