Thames Valley Saw Services Limited


THAMES VALLEY SAW SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2025



































Company Registration Number: 01588113

THAMES VALLEY SAW SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 11

THAMES VALLEY SAW SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2025


DIRECTORS

Mr J J Ridgley
Mr N S Muttram
Mr D J L Mizen
resigned 31 August 2025
Mr M G Aust
resigned 9 November 2025
Mrs L M Ridgley
appointed 14 February 2025


SECRETARY

Mr J J Ridgley


REGISTERED OFFICE

Gravel Lane
Drayton
Nr Abingdon
Oxfordshire
OX14 4HY


COMPANY REGISTRATION NUMBER

01588113 England and Wales

THAMES VALLEY SAW SERVICES LIMITED

BALANCE SHEET
AS AT 31 AUGUST 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Tangible assets	6		48,747		61,564

CURRENT ASSETS
Stock		159,713		129,207
Debtors	7	293,445		294,185
Cash at bank and in hand		12,316		29,413


		465,474		452,805

CREDITORS: Amounts falling due within one year	8	320,986		290,451
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS			144,488		162,354


TOTAL ASSETS LESS CURRENT LIABILITIES			193,235		223,918

CREDITORS: Amounts falling due after more than one year	9		3,554		14,700
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			12,187		15,391


NET ASSETS			177,494		193,827


CAPITAL AND RESERVES
Called up share capital			4,001		4,001
Distributable profit and loss account			173,493		189,826


SHAREHOLDERS' FUNDS			177,494		193,827

THAMES VALLEY SAW SERVICES LIMITED

BALANCE SHEET
AS AT 31 AUGUST 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




Mr J J Ridgley
Director

Date approved by the board: 26 May 2026

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


1	GENERAL INFORMATION

	Thames Valley Saw Services Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Gravel Lane
	Drayton
	Nr Abingdon
	Oxfordshire
	OX14 4HY

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of goods sold and repair services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Plant and machinery					Reducing balance basis at 15% per annum
	Motor vehicles					Reducing balance basis at 25% per annum
	Office equipment					Reducing balance basis at 25% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

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


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a standard cost basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	The company has entered into some hire purchase agreements for certain assets that include the option to purchase the items at the end of the lease term for a nominal amount, which is expected to be much lower than their fair value at that date. The hire purchase agreements have been classified as finance leases as it is reasonably certain that the option will be exercised.

	Assets held under finance leases are recognised in accordance with the company's policy for tangible fixed assets. The corresponding obligations to lessors under finance leases are treated in the balance sheet as a liability. The assets and liabilities under finance leases are recognised at amounts equal to the fair value of the assets, or if lower, the present value of minimum lease payments, determined at the inception of the lease.

	Minimum lease payments are apportioned between finance charges and the reduction in the outstanding liabilities using the effective interest method. The finance charge is allocated to each period during the lease so as to produce a constant rate of interest on the remaining balance of the liabilities. Finance charges are recognised in the profit and loss account.


	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Borrowing costs

	All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.

	Provisions

	A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use is recognised. The provision is measured at the salary cost payable for the period of absence.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

4	RESTATEMENT OF COMPARATIVES

	Subcontractor costs totalling £59,690 have been reclassified from administrative expenses to cost of sales within the comparative figures.

5	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2025	2024
	Average number of employees	19	22

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


6	TANGIBLE ASSETS
		Plant and machinery	Motor vehicles	Office equipment	Total
		£	£	£	£
	Cost
	At 1 September 2024	853,256	96,851	40,481	990,588


	At 31 August 2025	853,256	96,851	40,481	990,588


	Accumulated depreciation and impairments
	At 1 September 2024	829,720	61,583	37,721	929,024

	Charge for year	3,236	8,904	677	12,817


	At 31 August 2025	832,956	70,487	38,398	941,841


	Net book value
	At 1 September 2024	23,536	35,268	2,760	61,564


	At 31 August 2025	20,300	26,364	2,083	48,747


	The company has agreed charges over all of the company's assets as security for the factoring account overdrafts.

7	DEBTORS
				2025	2024
				£	£
	Trade debtors			210,401	209,769
	Prepayments and accrued income			2,395	4,985
	Other debtors			80,649	79,431


				293,445	294,185

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


8	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£
	Bank loans and overdrafts	117,839	111,930
	Trade creditors	115,438	100,050
	Taxation and social security	51,717	52,034
	Hire purchase contracts and finance leases	11,147	11,147
	Accruals and deferred income	5,117	12,276
	Other creditors	19,728	3,014


		320,986	290,451


9	CREDITORS: Amounts falling due after more than one year
		2025	2024
		£	£
	Hire purchase contracts and finance leases	3,554	14,700


10	SECURED DEBTS

	The company has a Confidential Invoice Discounting facility with Lloyds TSB Commercial Finance Limited which is secured by an all assets debenture on the assets of the company.

	The hire purchase contracts and finance leases are secured on the assets concerned.

11	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:	2025	2024
		£	£
	In less than one year	6,946	23,000
	In more than one but less than five years	1,495	5,750


		8,441	28,750


	After the year end, but before the accounts were approved, the company was negotiating a new lease on its premises. The draft lease is for 10 years at an annual cost of £23,000. However, as at the date these accounts were approved, the lease had not been signed.

THAMES VALLEY SAW SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025


12	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

	The following director's advances, credits and guarantees took place during the year:

		Balance at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off or waived	Balance at 31 August 2025
		£	£	£	£	£
	Mr J J Ridgley	4,672	-	4,672	-	-

	This advance is interest free and repayable on demand.

13	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	Mr J J Ridgley
	Director	2025	2024
		£	£
	Amount owed to director	10,296	-