IRIS Accounts Production v23.3.0.418 02096807 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020968072022-03-31020968072023-03-31020968072022-04-012023-03-31020968072021-03-31020968072021-04-012022-03-31020968072022-03-3102096807ns10:Originalns15:EnglandWales2022-04-012023-03-3102096807ns14:PoundSterlingns10:Original2022-04-012023-03-3102096807ns10:Originalns10:Director12022-04-012023-03-3102096807ns10:Original2022-04-012023-03-3102096807ns10:Original2023-03-3102096807ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3102096807ns10:Originalns10:SmallEntities2022-04-012023-03-3102096807ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3102096807ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102096807ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3102096807ns10:Originalns10:FullAccounts2022-04-012023-03-3102096807ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3102096807ns10:Originalns10:Director22022-04-012023-03-3102096807ns10:CompanySecretary1ns10:Original2022-04-012023-03-3102096807ns10:Originalns10:RegisteredOffice2022-04-012023-03-3102096807ns10:Original2022-03-3102096807ns10:Originalns5:CurrentFinancialInstruments2023-03-3102096807ns10:Originalns5:CurrentFinancialInstruments2022-03-3102096807ns10:Originalns5:Non-currentFinancialInstruments2023-03-3102096807ns10:Originalns5:Non-currentFinancialInstruments2022-03-3102096807ns5:ShareCapitalns10:Original2023-03-3102096807ns5:ShareCapitalns10:Original2022-03-3102096807ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3102096807ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3102096807ns10:Original2021-04-012022-03-3102096807ns10:Originalns5:PlantMachinery2022-03-3102096807ns10:Originalns5:FurnitureFittings2022-03-3102096807ns10:Originalns5:MotorVehicles2022-03-3102096807ns10:Original2022-03-3102096807ns10:Originalns5:PlantMachinery2022-04-012023-03-3102096807ns10:Originalns5:FurnitureFittings2022-04-012023-03-3102096807ns10:Originalns5:MotorVehicles2022-04-012023-03-3102096807ns10:Originalns5:PlantMachinery2023-03-3102096807ns10:Originalns5:FurnitureFittings2023-03-3102096807ns10:Originalns5:MotorVehicles2023-03-3102096807ns10:Originalns5:PlantMachinery2022-03-3102096807ns10:Originalns5:FurnitureFittings2022-03-3102096807ns10:Originalns5:MotorVehicles2022-03-3102096807ns10:Originalns5:CostValuation2022-03-3102096807ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102096807ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3102096807ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 02096807 (England and Wales)















TIMBERMART (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






TIMBERMART (UK) LIMITED (REGISTERED NUMBER: 02096807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIMBERMART (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G J Wood
S Thomson





SECRETARY: S Thomson





REGISTERED OFFICE: Unit 4
Channel View
Cardiff Road
BARRY
Vale of Glamorgan
CF63 2BE





REGISTERED NUMBER: 02096807 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

TIMBERMART (UK) LIMITED (REGISTERED NUMBER: 02096807)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 74,960 117,274
Investments 5 16,900 16,900
91,860 134,174

CURRENT ASSETS
Stocks 260,000 175,000
Debtors 6 240,962 213,208
Cash at bank and in hand 221,704 241,826
722,666 630,034
CREDITORS
Amounts falling due within one year 7 (229,396 ) (197,362 )
NET CURRENT ASSETS 493,270 432,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,130

566,846

CREDITORS
Amounts falling due after more than one
year

8

(36,149

)

(54,318

)

PROVISIONS FOR LIABILITIES (18,473 ) (22,282 )
NET ASSETS 530,508 490,246

CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Retained earnings 505,508 465,246
SHAREHOLDERS' FUNDS 530,508 490,246

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

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

TIMBERMART (UK) LIMITED (REGISTERED NUMBER: 02096807)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





S Thomson - Director


TIMBERMART (UK) LIMITED (REGISTERED NUMBER: 02096807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Timbermart (UK) 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Grants
Grants towards revenue expenditure are credited to income in the period to which they relate.

Turnover
Turnover represents net invoiced sales of building supplies and timber, excluding value added tax.

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 cost
Fixtures & fittings - 15% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
The value fo stock has been estimated by the directors.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

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.

TIMBERMART (UK) LIMITED (REGISTERED NUMBER: 02096807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Investments
Investments are carried at cost and are subject to an annual impairment review.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor
machinery & fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 42,362 98,515 116,649 257,526
Additions - 330 - 330
At 31 March 2023 42,362 98,845 116,649 257,856
DEPRECIATION
At 1 April 2022 15,234 90,021 34,997 140,252
Charge for year 10,590 2,892 29,162 42,644
At 31 March 2023 25,824 92,913 64,159 182,896
NET BOOK VALUE
At 31 March 2023 16,538 5,932 52,490 74,960
At 31 March 2022 27,128 8,494 81,652 117,274

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 16,900
NET BOOK VALUE
At 31 March 2023 16,900
At 31 March 2022 16,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 121,446 109,639
Amounts owed by group undertakings 23,249 31,570
Other debtors 64,774 55,231
Shareholders loan 11,271 -
Prepayments 20,222 16,768
240,962 213,208

TIMBERMART (UK) LIMITED (REGISTERED NUMBER: 02096807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 18,169 17,153
Trade creditors 163,169 113,534
Corporation tax 18,771 36,028
Social security and other taxes 5,509 1,212
VAT 16,918 21,372
Other creditors 2,385 959
Accruals and deferred income 4,475 7,104
229,396 197,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 36,149 54,318

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 54,318 71,471

The hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary £1 25,000 25,000

11. OTHER FINANCIAL COMMITMENTS

Total amount of commitments, guarantees and contingencies is £169,416 (2022 - £0) in respect of operating leases.