PPK Timber Designs Ltd

(Registration number: 08075044)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,331	3,493
Current assets
Debtors	5	22,308	34,259
Cash at bank and in hand		86,082	115,212
		108,390	149,471
Creditors: Amounts falling due within one year	6	(55,176)	(79,782)
Net current assets		53,214	69,689
Total assets less current liabilities		55,545	73,182
Provisions for liabilities		(583)	(873)
Net assets		54,962	72,309
Capital and reserves
Called up share capital		100	100
Retained earnings		54,862	72,209
Shareholders' funds		54,962	72,309

For the financial year ending 31 May 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 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.

PPK Timber Designs Ltd

(Registration number: 08075044)
Balance Sheet as at 31 May 2025

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 22 September 2025 and signed on its behalf by:
 

......................................... P Kemmish Director

PPK Timber Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

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

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

Revenue recognition

Turnover represents the net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

PPK Timber Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

2	Accounting policies (continued)

Depreciation

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 or, if held under a finance lease, over the lease term, whichever is shorter.

Asset class	Depreciation method and rate
Computer equipment	33% straight line
Plant, fixtures and fittings	15% reducing balance

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.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 2).

PPK Timber Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Computer equipment  £	Plant, fixtures and fittings £	Total £
Cost or valuation
At 1 June 2024	35,468	7,241	42,709
Additions	332	-	332
At 31 May 2025	35,800	7,241	43,041
Depreciation
At 1 June 2024	33,636	5,581	39,217
Charge for the year	1,244	249	1,493
At 31 May 2025	34,880	5,830	40,710
Carrying amount
At 31 May 2025	920	1,411	2,331
At 31 May 2024	1,833	1,660	3,493

PPK Timber Designs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	19,056	30,852
Prepayments	1,377	1,532
Other debtors	1,875	1,875
	22,308	34,259

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	450	-
Taxation and social security	27,465	46,656
Accruals and deferred income	2,983	1,627
Other creditors	24,278	31,499
	55,176	79,782