Kilbroney Timber Frame Ltd - Filleted accounts

Registered number

NI072241

Kilbroney Timber Frame Ltd

Unaudited Filleted Accounts

31 December 2025

Kilbroney Timber Frame Ltd
Registered number:		NI072241
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		293,996			259,941

Current assets
Stocks		10,000			10,000
Debtors	4	69,192			53,913
Cash at bank and in hand		170,506			501,262
		249,698			565,175

Creditors: amounts falling due within one year	5	(470,230)			(548,299)

Net current (liabilities)/assets			(220,532)			16,876

Total assets less current liabilities			73,464			276,817

Creditors: amounts falling due after more than one year	6		-			(8,524)



Net assets			73,464			268,293

Capital and reserves
Called up share capital			2			2
Profit and loss account			73,462			268,291

Shareholders' funds			73,464			268,293

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.




Edward Cooper
Director
Approved by the board on 30 June 2026

Kilbroney Timber Frame Ltd
Notes to the Accounts
for the period from 31 December 2024 to 31 December 2025


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:

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

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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 (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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					18		18


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 31 December 2024	40,000		579,561		707,194		1,326,755
	Additions	-		50,000		84,562		134,562
	At 31 December 2025	40,000		629,561		791,756		1,461,317

	Depreciation
	At 31 December 2024	24,000		550,330		492,484		1,066,814
	Charge for the period	2,000		20,599		77,908		100,507
	At 31 December 2025	26,000		570,929		570,392		1,167,321

	Net book value
	At 31 December 2025	14,000		58,632		221,364		293,996
	At 30 December 2024	16,000		29,231		214,710		259,941


4	Debtors					2025		2024
£							£

	VAT					64,214		50,462
	Other debtors					4,978		3,451
						69,192		53,913


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					9,970		11,232
	Trade creditors					273,681		317,754
	Amounts owed to connected companies					112,960		130,548
	Corporation tax					35,597		66,425
	Other taxes and social security costs					11,311		8,293
	Other creditors					26,711		14,047
						470,230		548,299


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		8,524


7	Other information

	Kilbroney Timber Frame Ltd is a private company limited by shares and incorporated in Northern Ireland