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REGISTERED NUMBER: 04792537 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

DORCHESTER TIMBER LIMITED

DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DORCHESTER TIMBER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: J C Germodo





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 04792537 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 4,500
Tangible assets 5 50,751 50,907
50,751 55,407

CURRENT ASSETS
Stocks 129,366 114,650
Debtors 6 78,682 161,391
Cash at bank 55,960 96,389
264,008 372,430
CREDITORS
Amounts falling due within one year 7 142,655 120,687
NET CURRENT ASSETS 121,353 251,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,104

307,150

CREDITORS
Amounts falling due after more than one
year

8

(61,528

)

(208,695

)

PROVISIONS FOR LIABILITIES 9 (12,688 ) (9,672 )
NET ASSETS 97,888 88,783

CAPITAL AND RESERVES
Called up share capital 10 307 307
Capital redemption reserve 11 202 202
Retained earnings 11 97,379 88,274
SHAREHOLDERS' FUNDS 97,888 88,783

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

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

DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





J C Germodo - Director


DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Dorchester 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 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 2003, 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,fittings & office equipment - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 90,000
AMORTISATION
At 1 October 2022 85,500
Amortisation for year 4,500
At 30 September 2023 90,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 4,500

5. TANGIBLE FIXED ASSETS
Fixtures,fittings
Plant and & office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 October 2022 35,092 51,436 44,080 130,608
Additions 8,250 4,356 - 12,606
At 30 September 2023 43,342 55,792 44,080 143,214
DEPRECIATION
At 1 October 2022 21,714 36,469 21,518 79,701
Charge for year 3,244 3,878 5,640 12,762
At 30 September 2023 24,958 40,347 27,158 92,463
NET BOOK VALUE
At 30 September 2023 18,384 15,445 16,922 50,751
At 30 September 2022 13,378 14,967 22,562 50,907

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,067 61,373
Other debtors 11,615 100,018
78,682 161,391

DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,071 41,450
Trade creditors 58,053 52,337
Taxation and social security 31,386 16,997
Other creditors 8,145 9,903
142,655 120,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 61,528 208,695

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,434

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,688 9,672

Deferred
tax
£   
Balance at 1 October 2022 9,672
Provided during year 3,016
Balance at 30 September 2023 12,688

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
301 Ordinary 'A' £1 301 301
3 Ordinary 'B' £1 3 3
1 Ordinary 'C' £1 1 1
1 Ordinary 'D' £1 1 1
1 Ordinary 'E' £1 1 1
307 307

DORCHESTER TIMBER LIMITED (REGISTERED NUMBER: 04792537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 October 2022 88,274 202 88,476
Profit for the year 35,955 35,955
Dividends (26,850 ) (26,850 )
At 30 September 2023 97,379 202 97,581

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
J C Germodo
Balance outstanding at start of year 91,358 -
Amounts advanced 35,937 162,274
Amounts repaid (127,295 ) (70,916 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 91,358

Interest has been charged at the official rates of 2% and 2.25% on the directors loan