Registered number
07291998
Timberform North West Limited
Filleted Accounts
30 November 2024
Timberform North West Limited
Registered number: 07291998
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,120 26,790
Investments 4 2 2
25,122 26,792
Current assets
Stocks 41,705 9,568
Debtors 5 382,206 551,597
Cash at bank and in hand 19,417 155,162
443,328 716,327
Creditors: amounts falling due within one year 6 (284,196) (402,686)
Net current assets 159,132 313,641
Total assets less current liabilities 184,254 340,433
Creditors: amounts falling due after more than one year 7 (141,480) (184,981)
Net assets 42,774 155,452
Capital and reserves
Called up share capital 300 300
Profit and loss account 42,474 155,152
Shareholders' funds 42,774 155,452
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Reaney
Director
Approved by the board on 15 August 2025
Timberform North West Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 142,410
Additions 260
At 30 November 2024 142,670
Depreciation
At 1 December 2023 115,620
Charge for the year 1,930
At 30 November 2024 117,550
Net book value
At 30 November 2024 25,120
At 30 November 2023 26,790
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 December 2023 2
At 30 November 2024 2
5 Debtors 2024 2023
£ £
Trade debtors 208,222 278,372
Amounts owed by group undertakings and undertakings in which the company has a participating interest 184,391 287,574
Prepayments 4,213 5,221
Doubtful debt provision (19,570) (19,570)
Other debtors 4,950 -
382,206 551,597
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 38,473 24,682
Trade creditors 104,615 92,627
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2 2
Taxation and social security costs 66,101 120,341
Accruals 10,299 101,134
Directors account 21,373 16,017
Pension control 1,297 10,729
Net wages 295 1,847
VAT creditor 41,741 35,307
284,196 402,686
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 141,480 184,981
8 Other information
Timberform North West Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Woodland Avenue
Scarisbrick
Ormskirk
Lancashire
L40 9QL
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