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Registration number: 13262706

Timark Construction Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

Timark Construction Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Timark Construction Limited

(Registration number: 13262706)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

5,232

6,981

Current assets

 

Debtors

11,895

9,153

Cash at bank and in hand

 

22,769

6,911

 

34,664

16,064

Creditors: Amounts falling due within one year

(31,656)

(13,993)

Net current assets

 

3,008

2,071

Total assets less current liabilities

 

8,240

9,052

Creditors: Amounts falling due after more than one year

(1,966)

(4,576)

Provisions for liabilities

(1,308)

(1,745)

Net assets

 

4,966

2,731

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

4,866

2,631

Total equity

 

4,966

2,731

 

Timark Construction Limited

(Registration number: 13262706)
Abridged Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

.........................................

Mr T Rawles

Director

.........................................

Mr M E Atkinson

Director

 

Timark Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales (Registered number: 13262706).

The address of its registered office is:
20 Middle Street
Ashcott
Bridgwater
Somerset
TA7 9QD

These financial statements were authorised for issue by the Board on 23 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Timark Construction Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Plant and machinery

25% Reducing balance

Office equipment

33% Straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2024

17,036

At 31 March 2025

17,036

Depreciation

At 1 April 2024

10,055

Charge for the year

1,749

At 31 March 2025

11,804

Carrying amount

At 31 March 2025

5,232

At 31 March 2024

6,981

5

Related party transactions

Advances to directors


Mr T Rawles

During the period Mr T Rawles went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £7,281 (2024 - £10,118). At the year end the amount outstanding from Mr T Rawles was £5,213 (2024 - £). Interest has been charged at the commercial rate.


Mr M E Atkinson

During the period Mr M E Atkinson went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £2,196 (2024 - £5,033). At the year end the amount outstanding from Mr M E Atkinson was £128 (2024 - £). Interest has been charged at the commercial rate.