REGISTERED NUMBER: 02323187 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOWN AND CITY BUILDERS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

126,620

131,574

CURRENT ASSETS

Debtors

5

367,376

153,650

Cash at bank

274,513

527,280

641,889

680,930

CREDITORS

Amounts falling due within one year

6

240,934

289,744

NET CURRENT ASSETS

400,955

391,186

TOTAL ASSETS LESS CURRENT LIABILITIES

527,575

522,760

PROVISIONS FOR LIABILITIES

17,960

13,446

NET ASSETS

509,615

509,314

CAPITAL AND RESERVES

Called up share capital

22,885

22,885

Capital redemption reserve

4,115

4,115

Retained earnings

482,615

482,314

SHAREHOLDERS' FUNDS

509,615

509,314

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

M D Donaldson - Director

M J Donaldson - Director

1.	STATUTORY INFORMATION

Town and City Builders Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02323187

Registered office:

7 Bamel Way

Gloucester Business Park

Brockworth

Gloucester

Gloucestershire

GL3 4BH

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

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 the total amount receivable by the company for services provided during the year exclusive of VAT and in the case of contract work the value of work done during the period, including a proportion of foreseeable profit where this can be assessed with reasonable certainty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Going concern

The directors have considered the company's current state of affairs and its cash flows and consider that the company should have access to adequate working capital and funding to enable it to continue to trade for a period of at least twelve months. The accounts have therefore been prepared on the going concern basis.

Amounts recoverable under contracts

The company recognises revenue and expenses under contracts based on the directors' judgement of value of work done by reference to the extent of recoverable contract costs incurred by the year end including all direct expenditure and a proportion of overheads. Where the outcome of the contract can be estimated with reasonable certainty revenue includes a proportion of anticipated profits by reference to the stage of completion and valuation of work done.

Amounts recoverable under contracts are included in debtors and are the amounts of work done on the above basis not invoiced by the period end.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

51,733

32,825

43,614

145,584

273,756

Additions

-

-

-

19,300

19,300

At 31 December 2024

51,733

32,825

43,614

164,884

293,056

DEPRECIATION

At 1 January 2024

5,173

20,207

40,396

76,406

142,182

Charge for year

5,173

2,394

1,887

14,800

24,254

At 31 December 2024

10,346

22,601

42,283

91,206

166,436

NET BOOK VALUE

At 31 December 2024

41,387

10,224

1,331

73,678

126,620

At 31 December 2023

46,560

12,618

3,218

69,178

131,574

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

128,474

46,019

Amounts recoverable on contract

94,539

59,171

Other debtors

53,448

5,000

Directors' current accounts

53,042

16,690

Tax

17,463

9,390

Prepayments

20,410

17,380

367,376

153,650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

93,111

122,031

Amounts owed to group undertakings

58,200

58,200

Corporation Tax

12,317

2,781

Social security and other taxes

17,058

22,435

VAT

47,014

70,906

Other creditors

4,394

4,353

Accrued expenses

8,840

9,038

240,934

289,744

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

15,154

23,285

Between one and five years

-

15,154

15,154

38,439

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M J Donaldson

Balance outstanding at start of year

-

5,000

Amounts advanced

14,277

7,000

Amounts repaid

(500

)

(12,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,777

-

M D Donaldson

Balance outstanding at start of year

16,690

20,344

Amounts advanced

25,479

7,696

Amounts repaid

(2,904

)

(11,350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

39,265

16,690

Interest has been charged on the overdrawn directors' loan accounts at the HMRC approved rates. There are no fixed repayment terms.

9.	RELATED PARTY DISCLOSURES

Town & City Holdings (Cheltenham) Ltd (incorporated in England and Wales) is the company's ultimate parent company. This company was incorporated 22 October 2010. The registered office address of Town & City Holdings (Cheltenham) Ltd is Chargrove House, Main Road,Shurdington, Cheltenham, GL51 4GA.