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REGISTERED NUMBER: 03452691 (England and Wales)












Financial Statements for the Year Ended 29 February 2024

for

Boxley Timber & Fencing Supplies Limited

Boxley Timber & Fencing Supplies Limited (Registered number: 03452691)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Boxley Timber & Fencing Supplies Limited (Registered number: 03452691)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459,945 438,649

CURRENT ASSETS
Stocks 285,422 335,915
Debtors 5 68,211 80,309
Cash at bank 98,617 83,759
452,250 499,983
CREDITORS
Amounts falling due within one year 6 188,047 176,522
NET CURRENT ASSETS 264,203 323,461
TOTAL ASSETS LESS CURRENT LIABILITIES 724,148 762,110

CREDITORS
Amounts falling due after more than one year 7 (180,533 ) (231,398 )

PROVISIONS FOR LIABILITIES (786 ) (775 )
NET ASSETS 542,829 529,937

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 541,829 528,937
SHAREHOLDERS' FUNDS 542,829 529,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Boxley Timber & Fencing Supplies Limited (Registered number: 03452691)

Balance Sheet - continued
29 February 2024


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 23 April 2024 and were signed on its behalf by:




S McMillan - Director



A R Milner-Moore - Director


Boxley Timber & Fencing Supplies Limited (Registered number: 03452691)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Boxley Timber & Fencing Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03452691

Registered office: Boxley Sawmill
Pilgrims Way
Boxley
Maidstone
Kent
ME14 3EB

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.

Turnover is recognised on the sale of each product.

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 etc - 33% on cost, 25% on cost and 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 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.


Boxley Timber & Fencing Supplies Limited (Registered number: 03452691)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 435,752 15,774 17,524 2,603 471,653
Additions - 4,114 28,542 - 32,656
Disposals - - (17,524 ) - (17,524 )
At 29 February 2024 435,752 19,888 28,542 2,603 486,785
DEPRECIATION
At 1 March 2023 1,183 13,448 15,770 2,603 33,004
Charge for year 169 2,301 7,136 - 9,606
Eliminated on disposal - - (15,770 ) - (15,770 )
At 29 February 2024 1,352 15,749 7,136 2,603 26,840
NET BOOK VALUE
At 29 February 2024 434,400 4,139 21,406 - 459,945
At 28 February 2023 434,569 2,326 1,754 - 438,649

Boxley Timber & Fencing Supplies Limited (Registered number: 03452691)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 68,211 79,759
Other debtors - 550
68,211 80,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 31,760 30,780
Trade creditors 108,533 103,860
Taxation and social security 16,369 25,711
Other creditors 31,385 16,171
188,047 176,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 180,533 231,398

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over more than 5 years 180,533 231,398

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 212,293 262,178