TIL Building Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12430721

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,132		14,842

			11,132		14,842
CURRENT ASSETS
Debtors	5	10,755		11,397
Cash at bank and in hand		956		2,258

		11,711		13,655
Creditors: Amounts Falling Due Within One Year	6	(75,278 )		(59,301 )

NET CURRENT ASSETS (LIABILITIES)			(63,567 )		(45,646 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(52,435 )		(30,804 )

Creditors: Amounts Falling Due After More Than One Year	7		(10,649 )		(17,198 )

NET LIABILITIES			(63,084 )		(48,002 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(63,184 )		(48,102 )

SHAREHOLDERS' FUNDS			(63,084)		(48,002)

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TIL Building Services Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T I Leusca

Director

13th July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

TIL Building Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12430721 . The registered office is 15 Longfield Avenue Enfield, London, EN3 5RX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.

At the balance sheet date, the company's liabilities for the period from 1 February 2025 to 31 January 2026 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.

The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% on reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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TIL Building Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 February 2025	19,790

As at 31 January 2026	19,790

Depreciation
As at 1 February 2025	4,948
Provided during the period	3,710

As at 31 January 2026	8,658

Net Book Value
As at 31 January 2026	11,132

As at 1 February 2025	14,842

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	4,739	-
Other debtors	1,000	1,000
Tax recoverable	3,858	5,235
VAT	1,158	5,162

	10,755	11,397

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	3,550	3,550
Trade creditors	(1 )	186
Bank loans and overdrafts	3,500	6,000
Net wages	1,048	1,048
Accruals	600	500
Director's loan account	66,581	48,017

	75,278	59,301

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	10,649	14,198
Bank loans	-	3,000

	10,649	17,198

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TIL Building Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,550	3,550
Later than one year and not later than five years	10,649	14,198

	14,199	17,748

	14,199	17,748

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

10. Related Party Transactions

During the year, no dividend was paid to the director. (2025 - nil)

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr T Izvoranu-Leusca by virtue of his ownership of 100% of the issued share capital in the company.

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