Timshel holdings limited - Filleted accounts

Registered number

06815705

Timshel holdings limited

Filleted Accounts

28 February 2026

Timshel holdings limited
Registered number:		06815705
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		52,266			58,406

Current assets
Debtors	4	15,499			39,756
Cash at bank and in hand		13,779			4,356
		29,278			44,112

Creditors: amounts falling due within one year	5	(3,706)			(23,902)

Net current assets			25,572			20,210

Total assets less current liabilities			77,838			78,616

Creditors: amounts falling due after more than one year	6		(11,302)			(11,603)

Provisions for liabilities			(4,134)			(5,168)


Net assets			62,402			61,845

Capital and reserves
Called up share capital			133			133
Profit and loss account			62,269			61,712

Shareholders' funds			62,402			61,845

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




H Nichol
Director
Approved by the board on 26 June 2026

Timshel holdings limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	2% Straight Line
	Fixtures, fittings, tools and equipment	20% Reducing Balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2025	35,000		38,122		73,122
	At 28 February 2026	35,000		38,122		73,122

	Depreciation
	At 1 March 2025	3,792		10,924		14,716
	Charge for the year	700		5,440		6,140
	At 28 February 2026	4,492		16,364		20,856

	Net book value
	At 28 February 2026	30,508		21,758		52,266
	At 28 February 2025	31,208		27,198		58,406


4	Debtors			2026		2025
£					£

	Trade debtors			499		456
	Other debtors			15,000		39,300
				15,499		39,756


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			-		3,774
	Trade creditors			68		1,323
	Taxation and social security costs			(490)		(351)
	Other creditors			4,128		19,156
				3,706		23,902


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			11,302		11,603



7	Other information

	Timshel holdings limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 89, North East Fruit & Vegetable Market
	Team Valley Trading Estate
	Gateshead
	Tyne and Wear
	NE11 0QY