Unlimited Timber Buildings Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08518780

Unlimited Timber Buildings Ltd

Unaudited financial statements

31 July 2025

Unlimited Timber Buildings Ltd

Statement of financial position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		144,085		130,804

Current assets

Stocks		72,218	52,700
Debtors	6	29,107	124,620
Cash at bank and in hand		313,199	139,232
		---------	---------
		414,524	316,552

Creditors: Amounts falling due within one year	7	( 208,321)		( 223,312)
		---------		---------
Net current assets			206,203		93,240
			---------		---------
Total assets less current liabilities			350,288		224,044

Provisions

Taxation including deferred tax		( 35,213)		( 31,862)

Accruals and deferred income	( 3,216)	( 3,320)
	---------	---------
Net assets	311,859	188,862
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	311,759	188,762
	---------	---------
Shareholders funds	311,859	188,862
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Unlimited Timber Buildings Ltd

Statement of financial position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 8 September 2025 , and are signed on behalf of the board by:

R D Scott

Director

Company registration number: 08518780

Unlimited Timber Buildings Ltd

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, Norfolk, NR7 0LB, England. The principal place of business is Stone Cross Lane, Downham Market, Norfolk, PE38 OAD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance
Display cabins	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of employees during the year was 12 (2024: 12 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Display cabins	Total
	£	£	£	£	£
Cost
At 1 August 2024	68,128	56,085	20,308	109,753	254,274
Additions	–	25,380	1,128	34,205	60,713
Disposals	( 5,495)	( 24,895)	–	( 12,819)	( 43,209)
	-------	-------	-------	---------	---------
At 31 July 2025	62,633	56,570	21,436	131,139	271,778
	-------	-------	-------	---------	---------
Depreciation
At 1 August 2024	47,154	25,496	12,676	38,144	123,470
Charge for the year	5,019	10,637	1,693	13,615	30,964
Disposals	( 4,599)	( 15,704)	–	( 6,438)	( 26,741)
	-------	-------	-------	---------	---------
At 31 July 2025	47,574	20,429	14,369	45,321	127,693
	-------	-------	-------	---------	---------
Carrying amount
At 31 July 2025	15,059	36,141	7,067	85,818	144,085
	-------	-------	-------	---------	---------
At 31 July 2024	20,974	30,589	7,632	71,609	130,804
	-------	-------	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	958	5,807
Prepayments and accrued income	26,333	33,899
Other debtors	1,816	84,914
	-------	---------
	29,107	124,620
	-------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	56,787	48,415
Social security and other taxes	85,752	23,387
Payments received on account	64,975	150,845
Other creditors	807	665
	---------	---------
	208,321	223,312
	---------	---------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	2,000	8,000
	------	------

9. Directors' advances, credits and guarantees

Included within other debtors at the year end are directors' loan accounts totalling £456 (2024: £80,940). The maximum overdrawn balance during the year was £80,940. Interest of £766 (2024: £152) was charged at the official rate.