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REGISTERED NUMBER: 02192986















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Cornwall Wood Treatments Services
Limited

Cornwall Wood Treatments Services
Limited (Registered number: 02192986)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cornwall Wood Treatments Services
Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R C Paget
Mrs J M Paget
C Paget





REGISTERED OFFICE: 12 United Downs Industrial Park
St Day
REDRUTH
Cornwall
TR16 5HY





REGISTERED NUMBER: 02192986





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

Cornwall Wood Treatments Services
Limited (Registered number: 02192986)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,211,230 1,214,728
1,211,230 1,214,728

CURRENT ASSETS
Stocks 462,186 517,270
Debtors 6 68,237 162,781
Cash at bank and in hand 957,772 912,827
1,488,195 1,592,878
CREDITORS
Amounts falling due within one year 7 430,434 534,764
NET CURRENT ASSETS 1,057,761 1,058,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,268,991

2,272,842

PROVISIONS FOR LIABILITIES 18,373 8,444
NET ASSETS 2,250,618 2,264,398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,250,518 2,264,298
2,250,618 2,264,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Cornwall Wood Treatments Services
Limited (Registered number: 02192986)

Balance Sheet - continued
30 April 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 6 November 2023 and were signed on its behalf by:





R C Paget - Director


Cornwall Wood Treatments Services
Limited (Registered number: 02192986)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Cornwall Wood Treatments Services Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 2013, is being amortised evenly over its estimated useful life of five 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.
Leasehold improvements - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.

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.

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 14 (2022 - 15 ) .

Cornwall Wood Treatments Services
Limited (Registered number: 02192986)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 5,000
AMORTISATION
At 1 May 2022
and 30 April 2023 5,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 May 2022 89,448 1,495,327 231,233
Additions - - 20,741
Disposals - - -
At 30 April 2023 89,448 1,495,327 251,974
DEPRECIATION
At 1 May 2022 - 434,140 187,415
Charge for year - 28,848 9,684
Eliminated on disposal - - -
At 30 April 2023 - 462,988 197,099
NET BOOK VALUE
At 30 April 2023 89,448 1,032,339 54,875
At 30 April 2022 89,448 1,061,187 43,818

Cornwall Wood Treatments Services
Limited (Registered number: 02192986)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2022 57,484 103,453 1,976,945
Additions - 26,414 47,155
Disposals - (27,250 ) (27,250 )
At 30 April 2023 57,484 102,617 1,996,850
DEPRECIATION
At 1 May 2022 57,145 83,517 762,217
Charge for year 169 11,466 50,167
Eliminated on disposal - (26,764 ) (26,764 )
At 30 April 2023 57,314 68,219 785,620
NET BOOK VALUE
At 30 April 2023 170 34,398 1,211,230
At 30 April 2022 339 19,936 1,214,728

Included in cost of land and buildings is freehold land of £ 89,448 (2022 - £ 89,448 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 54,214 149,414
Other debtors - 1,132
Prepayments 14,023 12,235
68,237 162,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 87,618 99,678
Tax 10,776 73,221
Social security and other taxes 1,523 -
VAT 27,512 57,856
Other creditors 1,235 1,060
Directors' current accounts 277,062 277,062
Accrued expenses 24,708 25,887
430,434 534,764

Cornwall Wood Treatments Services
Limited (Registered number: 02192986)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. RELATED PARTY DISCLOSURES

As at 30 April 2023 the company owed RC Paget £277,062 (2022: £277,062.). The loan is free of interest, repayable on demand and included in Other Creditors.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is RC Paget and JM Paget.