IRIS Accounts Production v23.3.0.418 08833341 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088333412022-01-31088333412023-01-31088333412022-02-012023-01-31088333412021-01-31088333412021-02-012022-01-31088333412022-01-3108833341ns16:EnglandWales2022-02-012023-01-3108833341ns15:PoundSterling2022-02-012023-01-3108833341ns11:Director12022-02-012023-01-3108833341ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3108833341ns11:SmallEntities2022-02-012023-01-3108833341ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3108833341ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3108833341ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3108833341ns11:FullAccounts2022-02-012023-01-3108833341ns11:OrdinaryShareClass12022-02-012023-01-3108833341ns11:Director22022-02-012023-01-3108833341ns11:RegisteredOffice2022-02-012023-01-3108833341ns6:CurrentFinancialInstruments2023-01-3108833341ns6:CurrentFinancialInstruments2022-01-3108833341ns6:Non-currentFinancialInstruments2023-01-3108833341ns6:Non-currentFinancialInstruments2022-01-3108833341ns6:ShareCapital2023-01-3108833341ns6:ShareCapital2022-01-3108833341ns6:RetainedEarningsAccumulatedLosses2023-01-3108833341ns6:RetainedEarningsAccumulatedLosses2022-01-3108833341ns6:PlantMachinery2022-02-012023-01-3108833341ns6:FurnitureFittings2022-02-012023-01-3108833341ns6:MotorVehicles2022-02-012023-01-3108833341ns6:ComputerEquipment2022-02-012023-01-3108833341ns6:PlantMachinery2022-01-3108833341ns6:FurnitureFittings2022-01-3108833341ns6:MotorVehicles2022-01-3108833341ns6:ComputerEquipment2022-01-3108833341ns6:PlantMachinery2023-01-3108833341ns6:FurnitureFittings2023-01-3108833341ns6:MotorVehicles2023-01-3108833341ns6:ComputerEquipment2023-01-3108833341ns6:PlantMachinery2022-01-3108833341ns6:FurnitureFittings2022-01-3108833341ns6:MotorVehicles2022-01-3108833341ns6:ComputerEquipment2022-01-3108833341ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3108833341ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3108833341ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-01-3108833341ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-01-3108833341ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-01-3108833341ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-01-3108833341ns11:OrdinaryShareClass12023-01-3108833341ns6:RetainedEarningsAccumulatedLosses2022-01-3108833341ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 08833341 (England and Wales)








































Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Specialist Log Cabins Limited

Specialist Log Cabins Limited (Registered number: 08833341)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Specialist Log Cabins Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr K Newman
Mr A M Edwards





REGISTERED OFFICE: 98 Middlewich Road
Northwich
Cheshire
CW9 7DA





REGISTERED NUMBER: 08833341 (England and Wales)





ACCOUNTANTS: Buxton Accounting LLP
Chartered Accountants
98 Middlewich Road
Northwich
Cheshire
CW9 7DA

Specialist Log Cabins Limited (Registered number: 08833341)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,571 71,090

CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 78,180 260,019
Cash at bank 96,555 81,812
176,735 343,831
CREDITORS
Amounts falling due within one year 7 118,868 313,603
NET CURRENT ASSETS 57,867 30,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,438

101,318

CREDITORS
Amounts falling due after more than one
year

8

77,817

107
NET ASSETS 89,621 101,211

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 89,619 101,209
SHAREHOLDERS' FUNDS 89,621 101,211

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 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.

Specialist Log Cabins Limited (Registered number: 08833341)

Balance Sheet - 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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr K Newman - Director


Specialist Log Cabins Limited (Registered number: 08833341)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Specialist Log Cabins 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Specialist Log Cabins Limited (Registered number: 08833341)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued

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 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 8,572 25,000 92,066 9,072 134,710
Additions - - 98,008 - 98,008
Disposals - - (50,607 ) - (50,607 )
At 31 January 2023 8,572 25,000 139,467 9,072 182,111
DEPRECIATION
At 1 February 2022 8,572 21,663 27,925 5,460 63,620
Charge for year - 834 13,943 1,853 16,630
Eliminated on disposal - - (7,710 ) - (7,710 )
At 31 January 2023 8,572 22,497 34,158 7,313 72,540
NET BOOK VALUE
At 31 January 2023 - 2,503 105,309 1,759 109,571
At 31 January 2022 - 3,337 64,141 3,612 71,090

5. STOCKS
2023 2022
£    £   
Stocks 2,000 2,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 76,358 258,197
Prepayments 1,822 1,822
78,180 260,019

Specialist Log Cabins Limited (Registered number: 08833341)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 7,775 34,035
Hire purchase contracts 19,447 5,175
Trade creditors 60,575 60,290
Corporation tax - 13,248
Social security and other taxes 2,411 2,307
VAT 15,196 53,473
Net wages 3,000 3,000
Directors' current accounts 3,514 3,785
Accrued expenses 6,950 138,290
118,868 313,603

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 18,486 -
Hire purchase contracts 59,331 107
77,817 107

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,775 34,035

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,775 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,711 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Specialist Log Cabins Limited (Registered number: 08833341)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


11. RESERVES
Retained
earnings
£   

At 1 February 2022 101,209
Profit for the year 22,156
Dividends (33,746 )
At 31 January 2023 89,619

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr K Newman, a director and shareholder was owed £2,997 (2022: £2,997) and Mr A Edwards also a director and shareholder was owed £517 (2022:£788) as at 31 January 2023.These balances are related to expenses paid on behalf of the company. During the year ended 31 January 2023 the directors received dividends of £33,746 (2022: £30,400).

13. ULTIMATE CONTROLLING PARTY

The Board of Directors are the ultimate controlling party of the company.