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REGISTERED NUMBER: 11025069 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Timbertight Limited

Timbertight Limited (Registered number: 11025069)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Timbertight Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr P A Williamson
Mrs T C Williamson
Mr I Williamson
Mr A J Pickup





SECRETARY: Mrs T C Williamson





REGISTERED OFFICE: Brookside Works Unit 8
Brick Street
Cleckheaton
West Yorkshire
BD19 5LD





REGISTERED NUMBER: 11025069 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Timbertight Limited (Registered number: 11025069)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 980 1,120
Tangible assets 5 103,277 114,776
104,257 115,896

CURRENT ASSETS
Stocks 6 65,139 185,482
Debtors 7 639,248 703,745
Cash at bank and in hand 784,271 857,634
1,488,658 1,746,861
CREDITORS
Amounts falling due within one year 8 1,239,082 1,420,919
NET CURRENT ASSETS 249,576 325,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,833

441,838

PROVISIONS FOR LIABILITIES 26,023 12,687
NET ASSETS 327,810 429,151

CAPITAL AND RESERVES
Called up share capital 64 75
Capital redemption reserve 41 30
Retained earnings 327,705 429,046
SHAREHOLDERS' FUNDS 327,810 429,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Timbertight Limited (Registered number: 11025069)

Balance Sheet - continued
31 October 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 13 August 2025 and were signed on its behalf by:




Mr P A Williamson - Director



Mrs T C Williamson - Director


Timbertight Limited (Registered number: 11025069)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Timbertight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Timbertight Limited (Registered number: 11025069)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 November 2023
and 31 October 2024 1,400
AMORTISATION
At 1 November 2023 280
Amortisation for year 140
At 31 October 2024 420
NET BOOK VALUE
At 31 October 2024 980
At 31 October 2023 1,120

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 November 2023 160,990 12,124 27,500 10,114 210,728
Additions 24,289 - - - 24,289
At 31 October 2024 185,279 12,124 27,500 10,114 235,017
DEPRECIATION
At 1 November 2023 73,845 11,125 4,010 6,972 95,952
Charge for year 28,269 269 5,873 1,377 35,788
At 31 October 2024 102,114 11,394 9,883 8,349 131,740
NET BOOK VALUE
At 31 October 2024 83,165 730 17,617 1,765 103,277
At 31 October 2023 87,145 999 23,490 3,142 114,776

Timbertight Limited (Registered number: 11025069)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. STOCKS
31.10.24 31.10.23
£ £
Stocks 33,283 70,482
Work-in-progress 31,856 115,000
65,139 185,482

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors 526,274 588,141
Amounts owed by associates 297 203
Other debtors 112,677 115,401
639,248 703,745

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Bank loans and overdrafts (see note 9) - 147,550
Trade creditors 323,315 340,143
Taxation and social security 66,958 59,618
Other creditors 848,809 873,608
1,239,082 1,420,919

9. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£ £
Amounts falling due within one year or on demand:
Bank loans - 147,550

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£ £
Within one year 197,776 17,808
Between one and five years 1,444,570 10,738
1,642,346 28,546

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£ £
Bank loans - 147,550

Timbertight Limited (Registered number: 11025069)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 October 2024 and period ended 31 October 2023:

31.10.2431.10.23
££
Director 1
Balance outstanding at start of year1010
Amounts advanced135,000-
Amounts repaid(135,010)-
Balance outstanding at end of year-10

Director 3
Balance outstanding at start of year22,766201
Amounts advanced52,02567,747
Amounts repaid(49,253)(45,182)
Balance outstanding at end of year25,53822,766

Director 4
Balance outstanding at start of year13,259(4,977)
Amounts advanced62,90462,842
Amounts repaid(52,051)(44,606)
Balance outstanding at end of year24,11213,259
Director 5
Included within creditors amounts falling due within 1 year is £19 (2023 - £nil) of a loan from the director, the loan is interest free, with no fixed date for repayment.

Director 6
Included within creditors amounts falling due within 1 year is £101 (2023 - £nil) of a loan from the director, the loan is interest free, with no fixed date for repayment.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P A Williamson.