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REGISTERED NUMBER: 07599711 (England and Wales)













Chiltern Timber Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Chiltern Timber Limited (Registered number: 07599711)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chiltern Timber Limited

Company Information
for the year ended 31 May 2023







DIRECTOR: P Rushbrooke





REGISTERED OFFICE: Lymore Villa
162A London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB





REGISTERED NUMBER: 07599711 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Chiltern Timber Limited (Registered number: 07599711)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,200 8,100
Tangible assets 5 23,487 13,666
30,687 21,766

CURRENT ASSETS
Stocks 1,495 1,397
Debtors 6 20,513 68,347
Cash at bank and in hand 100 11,610
22,108 81,354
CREDITORS
Amounts falling due within one year 7 28,848 71,579
NET CURRENT (LIABILITIES)/ASSETS (6,740 ) 9,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,947

31,541

CREDITORS
Amounts falling due after more than one
year

8

6,500

9,500
NET ASSETS 17,447 22,041

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 17,446 22,040
SHAREHOLDERS' FUNDS 17,447 22,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Chiltern Timber Limited (Registered number: 07599711)

Balance Sheet - continued
31 May 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 31 October 2023 and were signed by:





P Rushbrooke - Director


Chiltern Timber Limited (Registered number: 07599711)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Chiltern 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.

Turnover
Turnover represents net invoice value of goods / services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Chiltern Timber Limited (Registered number: 07599711)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 18,000
AMORTISATION
At 1 June 2022 9,900
Charge for year 900
At 31 May 2023 10,800
NET BOOK VALUE
At 31 May 2023 7,200
At 31 May 2022 8,100

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 26,980 666 3,000 30,646
Additions 14,012 - - 14,012
At 31 May 2023 40,992 666 3,000 44,658
DEPRECIATION
At 1 June 2022 13,825 555 2,600 16,980
Charge for year 4,074 17 100 4,191
At 31 May 2023 17,899 572 2,700 21,171
NET BOOK VALUE
At 31 May 2023 23,093 94 300 23,487
At 31 May 2022 13,155 111 400 13,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,513 68,347

Chiltern Timber Limited (Registered number: 07599711)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,348 3,000
Trade creditors 13,805 55,312
Taxation and social security 5,139 9,808
Other creditors 3,556 3,459
28,848 71,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,500 9,500