REGISTERED NUMBER: 01977649 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Traditional Conservatories Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G J Deegan

S J Deegan

Mrs D C Deegan

SECRETARY:

Mrs D C Deegan

REGISTERED OFFICE:

St Andrew Works

Weston Lane

Tyseley

Birmingham

West Midlands

B11 3RP

REGISTERED NUMBER:

01977649 (England and Wales)

ACCOUNTANTS:

Oscroft & Co Limited

41 Tyninghame Avenue

Tettenhall

Wolverhampton

West Midlands

WV6 9PP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

148,420

182,178

148,420

182,178

CURRENT ASSETS

Stocks

51,450

58,600

Debtors

6

30,004

125,361

Cash at bank and in hand

236,821

136,054

318,275

320,015

CREDITORS

Amounts falling due within one year

7

195,507

192,776

NET CURRENT ASSETS

122,768

127,239

TOTAL ASSETS LESS CURRENT LIABILITIES

271,188

309,417

CREDITORS

Amounts falling due after more than one year

8

(31,487

)

(47,542

)

PROVISIONS FOR LIABILITIES

(34,077

)

(34,614

)

NET ASSETS

205,624

227,261

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

205,524

227,161

SHAREHOLDERS' FUNDS

205,624

227,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

S J Deegan - Director

1.	STATUTORY INFORMATION

Traditional Conservatories Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover consists of the sales value, excluding VAT, of work in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract value for performance up to the period end.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

60,000

AMORTISATION

At 1 March 2024

and 28 February 2025

60,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2024

183,368

198,120

28,086

409,574

Additions

1,620

-

1,660

3,280

At 28 February 2025

184,988

198,120

29,746

412,854

DEPRECIATION

At 1 March 2024

100,534

105,928

20,934

227,396

Charge for year

12,668

23,048

1,322

37,038

At 28 February 2025

113,202

128,976

22,256

264,434

NET BOOK VALUE

At 28 February 2025

71,786

69,144

7,490

148,420

At 29 February 2024

82,834

92,192

7,152

182,178

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

and 28 February 2025

128,987

DEPRECIATION

At 1 March 2024

46,192

Charge for year

20,699

At 28 February 2025

66,891

NET BOOK VALUE

At 28 February 2025

62,096

At 29 February 2024

82,795

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

26,681

121,571

Other debtors

3,323

3,790

30,004

125,361

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

16,055

16,055

Payments on account

34,875

68,631

Trade creditors

46,666

29,822

Taxation and social security

53,179

47,409

Other creditors

44,732

30,859

195,507

192,776

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

31,487

47,542

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments at the balance sheet date amount to £6,617 (2024: £12,289)

10.	RELATED PARTY DISCLOSURES

The company paid £18,750 (2024: £25,000) for the use of property at St. Andrew Works, Weston Lane, Birmingham,B11 3RP to the Self-Invested Personal Pension of each of the directors.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Deegan.

The ultimate controlling party is S J Deegan.