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REGISTERED NUMBER: 13017156 (England and Wales)













Tim Tyler Boats Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






Tim Tyler Boats Limited (Registered number: 13017156)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Tim Tyler Boats Limited (Registered number: 13017156)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 200 400
Tangible assets 6 176,369 191,676
176,569 192,076

CURRENT ASSETS
Stocks 17,000 29,000
Debtors 7 55,759 5,033
Cash at bank 159,980 116,092
232,739 150,125
CREDITORS
Amounts falling due within one year 8 137,140 111,249
NET CURRENT ASSETS 95,599 38,876
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,168

230,952

PROVISIONS FOR LIABILITIES 44,092 48,019
NET ASSETS 228,076 182,933

CAPITAL AND RESERVES
Called up share capital 303 303
Retained earnings 227,773 182,630
SHAREHOLDERS' FUNDS 228,076 182,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tim Tyler Boats Limited (Registered number: 13017156)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




T Tyler - Director S J Heywood - Director




A J Heywood - Director


Tim Tyler Boats Limited (Registered number: 13017156)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Tim Tyler Boats Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13017156

Registered office: Unit 50 Henshall Road
Parkhouse Industrial Estate West
Chesterton
Newcastle
Staffordshire
ST5 7RY

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoice value of goods provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Narrowboat - 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Tim Tyler Boats Limited (Registered number: 13017156)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 1,000
AMORTISATION
At 1 December 2023 600
Charge for year 200
At 30 November 2024 800
NET BOOK VALUE
At 30 November 2024 200
At 30 November 2023 400

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Narrowboat Totals
£    £    £    £    £   
COST
At 1 December 2023 27,469 2,058 26,000 194,667 250,194
Additions - - - 8,166 8,166
Disposals - - (1,200 ) - (1,200 )
At 30 November 2024 27,469 2,058 24,800 202,833 257,160
DEPRECIATION
At 1 December 2023 8,743 356 12,078 37,341 58,518
Charge for year 2,809 255 3,354 16,549 22,967
Eliminated on disposal - - (694 ) - (694 )
At 30 November 2024 11,552 611 14,738 53,890 80,791
NET BOOK VALUE
At 30 November 2024 15,917 1,447 10,062 148,943 176,369
At 30 November 2023 18,726 1,702 13,922 157,326 191,676

Tim Tyler Boats Limited (Registered number: 13017156)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,003 1,545
Other debtors 3,756 3,488
55,759 5,033

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,238 27,877
Taxation and social security 102,374 80,218
Other creditors 2,528 3,154
137,140 111,249