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Registered number: 10199481
Timms Window Cleaning Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Business Accounting Services
Warwick Business Centre
Hawkes Drive, Heathcote Ind Estate
Warwick
Warwickshire
CV34 6LX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10199481
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,000 36,000
Tangible Assets 5 12,994 16,684
36,994 52,684
CURRENT ASSETS
Debtors 6 40,374 52,956
40,374 52,956
Creditors: Amounts Falling Due Within One Year 7 (92,278 ) (123,110 )
NET CURRENT ASSETS (LIABILITIES) (51,904 ) (70,154 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,910 ) (17,470 )
Creditors: Amounts Falling Due After More Than One Year 8 (39,682 ) (48,309 )
NET LIABILITIES (54,592 ) (65,779 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (54,692 ) (65,879 )
SHAREHOLDERS' FUNDS (54,592) (65,779)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr PAUL TIMMS
Director
22/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Timms Window Cleaning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10199481 . The registered office is 248 CUBBINGTON ROAD, LEAMINGTON SPA, CV32 7AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 120,000
As at 31 October 2024 120,000
Amortisation
As at 1 November 2023 84,000
Provided during the period 12,000
As at 31 October 2024 96,000
Net Book Value
As at 31 October 2024 24,000
As at 1 November 2023 36,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 34,527 26,982 61,509
As at 31 October 2024 34,527 26,982 61,509
Depreciation
As at 1 November 2023 24,904 19,921 44,825
Provided during the period 1,925 1,765 3,690
As at 31 October 2024 26,829 21,686 48,515
Net Book Value
As at 31 October 2024 7,698 5,296 12,994
As at 1 November 2023 9,623 7,061 16,684
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,068 24,650
Other debtors 28,306 28,306
40,374 52,956
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Bank loans and overdrafts 17,149 17,841
Corporation tax 31,716 24,958
Other taxes and social security 12,021 19,620
Other creditors 18,105 35,195
Other creditors (1) 13,286 25,495
92,278 123,110
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 4,667
Other creditors (1) 39,682 43,642
39,682 48,309
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4