Registration number: 05894476

Tinkers Hatch Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Tinkers Hatch Limited

Company Information

Directors

Mr N M Ashton Mrs S E Brown

Registered office

39 High Street Battle East Sussex TN33 0EE

Accountants

Manningtons Chartered Accountants39 High Street Battle East Sussex TN33 0EE

Tinkers Hatch Limited

(Registration number: 05894476)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	72,387	79,600
Current assets
Debtors	5	124,576	31,861
Cash at bank and in hand		190,131	104,838
		314,707	136,699
Creditors: Amounts falling due within one year	6	(201,269)	(53,523)
Net current assets		113,438	83,176
Total assets less current liabilities		185,825	162,776
Creditors: Amounts falling due after more than one year	6	(30,409)	(42,652)
Provisions for liabilities		(1,019)	-
Net assets		154,397	120,124
Capital and reserves
Called up share capital		2	2
Retained earnings		154,395	120,122
Shareholders' funds		154,397	120,124

For the financial year ending 30 September 2024 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:
 

Tinkers Hatch Limited

(Registration number: 05894476)
Balance Sheet as at 30 September 2024

......................................... Mrs S E Brown Director

Tinkers Hatch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 High Street
Battle
East Sussex
TN33 0EE
United Kingdom

The principal place of business is:
Tinkers Hatch
New Pond Hill
Cross in Hand, Heathfield
East Sussex
TN21 0LX

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown nett of rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tinkers Hatch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and Buildings - Leasehold improvements	5% straight line
Furniture, fittings and equipment	25% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at cost.

Tinkers Hatch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Tinkers Hatch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 50 (2023 - 50).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2023	54,262	111,225	72,889	238,376
Additions	-	3,673	22,995	26,668
Disposals	-	-	(23,500)	(23,500)
At 30 September 2024	54,262	114,898	72,384	241,544
Depreciation
At 1 October 2023	23,456	97,094	38,226	158,776
Charge for the year	5,892	3,680	7,924	17,496
Eliminated on disposal	-	-	(7,115)	(7,115)
At 30 September 2024	29,348	100,774	39,035	169,157
Carrying amount
At 30 September 2024	24,914	14,124	33,349	72,387
At 30 September 2023	30,806	14,131	34,663	79,600

Included within the net book value of land and buildings above is £24,914 (2023 - £30,806) in respect of long leasehold land and buildings.
 

Tinkers Hatch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Debtors

	2024 £	2023 £
Trade debtors	107,551	16,866
Prepayments	15,152	36,692
Other debtors	1,873	(31,638)
Director loan account	-	9,941
	124,576	31,861

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts		16,139	15,625
Taxation and social security		59,460	18,755
Accruals and deferred income		84,947	5,616
Other creditors		1,822	4,025
Director loan account		38,901	9,502
		201,269	53,523

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings		30,409	42,652

	2024 £	2023 £
Due after more than five years
	-	-

	-	-

Bank borrowings

Bounce back loan is denominated in sterling with a nominal interest rate of 2.50%, and the final instalment is due on 30 November 2026. The carrying amount at year end is £22,500 (2023 - £32,500). The loan is an unsecured loan backed by the government as part of COVID19 business support packages available.

Tinkers Hatch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7	Related party transactions

Transactions with directors

2024	At 1 October 2023 £	Advances to director £	Repayments by director £	At 30 September 2024 £
Mr N M Ashton
Directors loan account	9,941	83,171	(95,500)	(2,388)
Mrs S E Brown
Directors loan account	(9,503)	68,491	(95,500)	(36,512)

2023	At 1 October 2022 £	Advances to director £	Repayments by director £	At 30 September 2023 £
Mr N M Ashton
Directors loan account	(1,185)	67,296	(56,170)	9,941
Mrs S E Brown
Directors loan account	(23,712)	69,396	(55,187)	(9,503)

Summary of transactions with other related parties

N M Ashton and Mrs S E Brown The company operates from premises owned by the directors, for which rent was paid in the year totalling £82,000 (2023 - £78,000). At the balance sheet date the amount due to N M Ashton £2,389 ( from 2023 - £9,941) and to Mrs S E Brown £36,512 (2023 - £9,502).