Tanwood Construction Ltd - Filleted accounts

Tanwood Construction Ltd
Registered number:		03133088
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	2		82,648			103,532

Current assets
Stocks		352,797			552,297
Debtors	4	816,097			820,722
Cash at bank and in hand		699,973			250,864
		1,868,867			1,623,883

Creditors: amounts falling due within one year	5	(1,402,666)			(1,187,947)

Net current assets			466,201			435,936

Total assets less current liabilities			548,849			539,468

Creditors: amounts falling due after more than one year	6		(137,811)			(194,375)

Provisions for liabilities			(20,132)			(19,268)


Net assets			390,906			325,825

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			389,906			324,825

Shareholder's funds			390,906			325,825

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




R D Brooks
Director
Approved by the board on 3 September 2025

Tanwood Construction Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 5 years
	Motor vehicles			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


	Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Tangible fixed assets
		Fixtures & equipment		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	80,032		48,917		288,424		417,373
	Additions	-		-		5,000		5,000
	Disposals	-		-		-		-
	At 31 December 2024	80,032		48,917		293,424		422,373

	Depreciation
	At 1 January 2024	76,014		47,844		189,983		313,841
	Charge for the year	1,005		269		24,610		25,884
	On disposals	-		-		-		-
	At 31 December 2024	77,019		48,113		214,593		339,725

	Net book value
	At 31 December 2024	3,013		804		78,831		82,648
	At 31 December 2023	4,018		1,073		98,441		103,532







3	Employees					2024		2023
						Number		Number

	Average number of persons employed by the company					19		18

4	Debtors					2024		2023
£							£

	Trade debtors					808,284		812,909
	Other debtors					7,813		7,813
						816,097		820,722


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					130,901		52,605
	Obligations under finance lease and hire purchase contracts					16,729		16,729
	Trade creditors					699,624		538,552
	Corporation tax					73,931		48,066
	Other taxes and social security costs					461,215		567,691
	Other creditors					20,266		(35,696)
						1,402,666		1,187,947


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					95,246		135,352
	Obligations under finance lease and hire purchase contracts					42,565		59,023
						137,811		194,375


7	Other information

	Tanwood Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit X1 Blaby Industrial Park
	Winchester Avenue
	Blaby
	Leicestershire
	LE8 4GZ