Company Registration number: 07681356

Timber Frame North West Ltd

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 8

Timber Frame North West Ltd

Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	279,174	323,042
Current assets
Stocks	6	20,084	21,073
Debtors	7	221,248	180,307
Cash at bank and in hand		270,427	223,742
		511,759	425,122
Creditors: Amounts falling due within one year	8	(65,311)	(79,305)
Net current assets		446,448	345,817
Total assets less current liabilities		725,622	668,859
Creditors: Amounts falling due after more than one year	8	-	(6,160)
Provisions for liabilities		(52,962)	(61,378)
Net assets		672,660	601,321
Capital and reserves
Called up share capital	9	3	3
Retained earnings		672,657	601,318
Shareholders' funds		672,660	601,321

Timber Frame North West Ltd

Balance Sheet as at 31 October 2025 (continued)

For the financial year ending 31 October 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.

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.

Company registration number: 07681356

Approved and authorised by the Board on 27 March 2026 and signed on its behalf by:
 

......................................... Mr C Bowes Director

Timber Frame North West Ltd

Notes to the financial statements for the Year Ended 31 October 2025

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:
Southfield View
The Stripes
Cumwhinton
Carlisle
CA4 0AW

These financial statements were authorised for issue by the Board on 27 March 2026.

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 financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Timber Frame North West Ltd

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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.

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 corporation 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.

Timber Frame North West Ltd

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

2	ACCOUNTING POLICIES (continued)

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
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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 in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Timber Frame North West Ltd

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

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

4	INTANGIBLE ASSETS

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	18,000	18,000
At 31 October 2025	18,000	18,000
Amortisation
At 1 November 2024	18,000	18,000
At 31 October 2025	18,000	18,000
Carrying amount
At 31 October 2025	-	-

Timber Frame North West Ltd

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

5	TANGIBLE ASSETS

	Plant and Machinery  £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	345,113	100,829	445,942
Additions	366	11,895	12,261
Disposals	-	(13,495)	(13,495)
At 31 October 2025	345,479	99,229	444,708
Depreciation
At 1 November 2024	65,660	57,240	122,900
Charge for the year	41,920	12,107	54,027
Eliminated on disposal	-	(11,393)	(11,393)
At 31 October 2025	107,580	57,954	165,534
Carrying amount
At 31 October 2025	237,899	41,275	279,174
At 31 October 2024	279,453	43,589	323,042

6

STOCKS

	2025 £	2024 £
Stocks	20,084	21,073

Timber Frame North West Ltd

Notes to the financial statements for the Year Ended 31 October 2025 (continued)

7

DEBTORS

Current	2025 £	2024 £
Trade debtors	164,912	125,461
Prepayments	10,724	12,268
Other debtors	45,612	42,578
	221,248	180,307

8

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	6,166	10,354
Trade creditors	7,197	4,102
Taxation and social security	33,939	61,991
Accruals and deferred income	2,682	2,547
Other creditors	15,327	311
	65,311	79,305

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	-	6,160

9	SHARE CAPITAL

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2
A Ordinary of £1 each	1	1	1	1
	3	3	3	3