Company Registration No. 11008244 (England and Wales)
T & G Timber Ltd
Unaudited accounts
for the year ended 31 March 2026
T & G Timber Ltd
Unaudited accounts
Contents
T & G Timber Ltd
Company Information
for the year ended 31 March 2026
Directors
J Guidera
J Tuite
Company Number
11008244 (England and Wales)
Registered Office
Unit 4 Glenville Mews
London
SW18 4NJ
England
Accountants
Tuite Tang Wong
Chartered Certified Accountants
15 The Broadway
Woodford Green
Essex
IG8 0HL
T & G Timber Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
3,063
5,987
Cash at bank and in hand
21,624
21,623
Creditors: amounts falling due within one year
(22,215)
(30,120)
Net current assets
37,530
31,929
Total assets less current liabilities
40,593
37,916
Creditors: amounts falling due after more than one year
(189,492)
(147,402)
Net liabilities
(148,899)
(109,486)
Called up share capital
90,000
90,000
Capital contribution reserve
41,733
44,065
Profit and loss account
(280,632)
(243,551)
Shareholders' funds
(148,899)
(109,486)
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by
J Tuite
Director
Company Registration No. 11008244
T & G Timber Ltd
Notes to the Accounts
for the year ended 31 March 2026
T & G Timber Ltd is a private company, limited by shares, registered in England and Wales, registration number 11008244. The registered office is Unit 4 Glenville Mews, London, SW18 4NJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line at 20%
Motor vehicles
Straight line at 20%
Fixtures & fittings
Straight line at 33.3%
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
T & G Timber Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
12,027
4,799
2,466
19,292
At 31 March 2026
15,027
4,799
2,442
22,268
At 1 April 2025
9,897
1,063
2,345
13,305
Charge for the year
4,865
960
99
5,924
At 31 March 2026
14,762
2,023
2,420
19,205
At 31 March 2026
265
2,776
22
3,063
At 31 March 2025
2,130
3,736
121
5,987
Amounts falling due within one year
Accrued income and prepayments
12,890
12,995
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
1,243
7,323
Trade creditors
13,874
15,707
Taxes and social security
1,681
2,819
Loans from directors
4,379
2,190
T & G Timber Ltd
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
112,767
84,434
Loans from directors
76,725
61,725
Loan from Veratec Ltd
10-year interest-free loan discounted to its NPV at the market rate of interest.
The notional amount outstanding of £154,500 was discounted at the market rate of interest of 6.5% over the remaining 5-year term.
The change in the value was taken to reserves as a capital contribution.
The fair value is £112,767 (2025 - £84,434) and the change in value included in profit or loss is £Nil (2025 - £Nil)
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Transactions with related parties
Loans from related parties
2026
Loans from key management
At start of period £61,725
Advanced £15,000
At end of period £76,725
Loans from other related parties
At start of period £84,434
Advanced £26,000
Transfer from reserves £2,332
At end of period £112,767
Terms of loans from related parties
A 10-year interest-free loan repayable on 29/07/31 was advanced by James Guidera a director of T&G Timber Ltd.
A 10-year interest-free loan repayable on 31/03/31 was advanced by Veratec Ltd a 25% shareholder in T&G Timber Ltd.
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).