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REGISTERED NUMBER: 03972978 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Acadia Timber Limited

Acadia Timber Limited (Registered number: 03972978)






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


Acadia Timber Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: M R Reed
Miss C M F Anderson





REGISTERED OFFICE: 229 Goldsmith Avenue
Southsea
Hampshire
PO4 OBS





REGISTERED NUMBER: 03972978 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Acadia Timber Limited (Registered number: 03972978)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,367 4,252

CURRENT ASSETS
Stocks 28,410 29,625
Debtors 5 12,797 40,694
Cash at bank 4,688 10,011
45,895 80,330
CREDITORS
Amounts falling due within one year 6 54,285 70,666
NET CURRENT (LIABILITIES)/ASSETS (8,390 ) 9,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,023

)

13,916

CREDITORS
Amounts falling due after more than
one year

7

(30,871

)

(12,333

)

PROVISIONS FOR LIABILITIES - (808 )
NET (LIABILITIES)/ASSETS (35,894 ) 775

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (35,896 ) 773
SHAREHOLDERS' FUNDS (35,894 ) 775

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.

Acadia Timber Limited (Registered number: 03972978)

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 16 November 2023 and were signed on its behalf by:





Miss C M F Anderson - Director


Acadia Timber Limited (Registered number: 03972978)

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

1. STATUTORY INFORMATION

Acadia Timber 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.

The accounts have been prepared on a going concern basis, this is considered appropriate as the director's have given their assurances that they will continue to support the company for a period of at least 12 months from the date of his report.

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 & machinery - 15% on reducing balance
Fixtures & 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.


Acadia Timber Limited (Registered number: 03972978)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 3,453 - 19,500 3,130 26,083
Additions - 82 - - 82
At 30 April 2023 3,453 82 19,500 3,130 26,165
DEPRECIATION
At 1 May 2022 1,696 - 17,095 3,040 21,831
Charge for year 264 12 601 90 967
At 30 April 2023 1,960 12 17,696 3,130 22,798
NET BOOK VALUE
At 30 April 2023 1,493 70 1,804 - 3,367
At 30 April 2022 1,757 - 2,405 90 4,252

Acadia Timber Limited (Registered number: 03972978)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 12,004 39,465
Other debtors 793 1,229
12,797 40,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 7,211 4,000
Trade creditors 8,817 10,680
Taxation and social security 15,240 15,183
Other creditors 23,017 40,803
54,285 70,666

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 30,871 12,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,174 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Between one and five years 37,622 -

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.