REGISTERED NUMBER: 01282127 (England and Wales)

TRUSTSPAN TIMBER ENGINEERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

D Williams

P L Wells

REGISTERED OFFICE:

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

REGISTERED NUMBER:

01282127 (England and Wales)

AUDITORS:

UHY Calvert Smith LLP

Statutory Auditor

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

BANKERS:

Lloyds TSB Bank plc

2 Pavement

York

YO1 2XA

FIXED ASSETS

Tangible assets

4

327,151

366,753

CURRENT ASSETS

Stocks

118,284

113,768

Debtors

302,696

321,409

Cash at bank

614,309

563,767

1,035,289

998,944

CREDITORS

Amounts falling due within one year

448,140

398,865

NET CURRENT ASSETS

587,149

600,079

TOTAL ASSETS LESS CURRENT LIABILITIES

914,300

966,832

PROVISIONS FOR LIABILITIES

75,796

82,250

NET ASSETS

838,504

884,582

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

838,404

884,482

SHAREHOLDERS' FUNDS

838,504

884,582

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2025 and were signed on its behalf by:

D Williams - Director

1.	STATUTORY INFORMATION

Trustspan Timber Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal place of business is Fryors Close, Murton Lane, Murton, York, North Yorkshire, YO19 5UY.

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.

The directors have considered the financial position of the company and trading projections, and have a reasonable expectation that the company has adequate resources to trade into the foreseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the amount derived from the manufacture and sale of roof trusses and of floor joists after deduction of trade discounts and value added tax.

Contracts entered into at the balance sheet date are accounted for as long-term contracts and reflected in turnover and cost of sales as contract activity progresses. Where it is considered that the outcome of a long-term contract can be assessed with reasonable certainty the prudently calculated attributable profit is recognised in turnover. Unbilled revenue is included within debtors.

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.

Land and buildings

-

5% straight line

Plant and machinery etc

-

25% straight line, 25% on reducing balance, 10% straight line, Straight line over 10 years and 4% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is computed on a first in first out basis. Net realisable value is based on estimated selling price less estimated cost of disposal.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged to the profit & loss account.

Grants

Grants relating to the purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets.

Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

1,301,246

Additions

3,021

Disposals

(33,285

)

At 31 January 2025

1,270,982

DEPRECIATION

At 1 February 2024

934,493

Charge for year

41,499

Eliminated on disposal

(32,161

)

At 31 January 2025

943,831

NET BOOK VALUE

At 31 January 2025

327,151

At 31 January 2024

366,753

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

9,686

Non-cancellable

operating leases

2025

2024

£

£

Within one year

82,507

81,833

Between one and five years

234,217

234,524

In more than five years

816,000

864,000

1,132,724

1,180,357

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase creditors

-

9,686

Hire purchase creditors are secured on the assets concerned.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hayden Priest (Senior Statutory Auditor)

for and on behalf of UHY Calvert Smith LLP

8.	ULTIMATE PARENT COMPANY