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REGISTERED NUMBER: 11166599 (England and Wales)















HALIFAX TIMBER MERCHANTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023






HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

HALIFAX TIMBER MERCHANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: G A Grayson





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 11166599 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 20,000
Property, plant and equipment 5 30,497 160,459
30,497 180,459

CURRENT ASSETS
Inventories 133,672 134,724
Debtors 6 177,173 124,196
Cash at bank and in hand 44,670 62,670
355,515 321,590
CREDITORS
Amounts falling due within one year 7 150,209 169,269
NET CURRENT ASSETS 205,306 152,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,803

332,780

CREDITORS
Amounts falling due after more than one year 8 37,214 151,134
NET ASSETS 198,589 181,646

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 198,489 181,546
SHAREHOLDERS' FUNDS 198,589 181,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


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 director and authorised for issue on 18 August 2023 and were signed by:





G A Grayson - Director


HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Halifax Timber Merchants Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and Machinery - 20% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 20% on cost
Computer Equipment - 33% on cost

Stocks
Inventories 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 statement of financial position date.


HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022 25,000
Disposals (25,000 )
At 31 January 2023 -
AMORTISATION
At 1 February 2022 5,000
Eliminated on disposal (5,000 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 20,000

HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property Machinery Fittings
£    £    £   
COST
At 1 February 2022 150,050 6,826 2,471
Additions - 1,145 108
Disposals (150,050 ) - -
At 31 January 2023 - 7,971 2,579
DEPRECIATION
At 1 February 2022 - 4,994 940
Charge for year - 1,536 504
At 31 January 2023 - 6,530 1,444
NET BOOK VALUE
At 31 January 2023 - 1,441 1,135
At 31 January 2022 150,050 1,832 1,531

Motor Computer
Vehicles Equipment Totals
£    £    £   
COST
At 1 February 2022 26,667 1,108 187,122
Additions 29,556 1,665 32,474
Disposals - - (150,050 )
At 31 January 2023 56,223 2,773 69,546
DEPRECIATION
At 1 February 2022 19,622 1,107 26,663
Charge for year 10,259 87 12,386
At 31 January 2023 29,881 1,194 39,049
NET BOOK VALUE
At 31 January 2023 26,342 1,579 30,497
At 31 January 2022 7,045 1 160,459

HALIFAX TIMBER MERCHANTS LTD (REGISTERED NUMBER: 11166599)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 144,958 102,690
Other debtors 22,399 21,506
167,357 124,196

Amounts falling due after more than one year:
Other debtors 9,816 -

Aggregate amounts 177,173 124,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,647 -
Trade creditors 117,136 114,817
Taxation and social security 13,054 38,019
Other creditors 6,372 6,433
150,209 169,269

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,411 33,411
Hire purchase contracts 13,803 -
Other creditors - 117,723
37,214 151,134

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

10. RELATED PARTY DISCLOSURES

During the year the company loaned £NIL (2022: £NIL) to Grayson Builders Ltd, a company controlled by G Grayson, a shareholder. At the year end £11,500 (2022: £11,500) was outstanding.

HALIFAX TIMBER MERCHANTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
HALIFAX TIMBER MERCHANTS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


18 August 2023