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REGISTERED NUMBER: 08631770 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Acton Timber Yard Limited

Acton Timber Yard Limited (Registered number: 08631770)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acton Timber Yard Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J A Mrvik
L J Mrvik





REGISTERED OFFICE: 6 Nottingham Road
Long Eaton
Nottinghamshire
NG10 1HP





REGISTERED NUMBER: 08631770 (England and Wales)





ACCOUNTANTS: Phipp & Co (Accountants) Limited
6 Nottingham Road
Long Eaton
Nottinghamshire
NG10 1HP

Acton Timber Yard Limited (Registered number: 08631770)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126,773 95,361
Investment property 5 228,500 228,500
355,273 323,861

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 6 19,756 10,407
Cash at bank 245,191 280,539
284,947 310,946
CREDITORS
Amounts falling due within one year 7 177,839 172,456
NET CURRENT ASSETS 107,108 138,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,381

462,351

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 462,281 462,251
SHAREHOLDERS' FUNDS 462,381 462,351

Acton Timber Yard Limited (Registered number: 08631770)

Balance Sheet - continued
31 October 2023


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

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

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 30 July 2024 and were signed on its behalf by:





L J Mrvik - Director


Acton Timber Yard Limited (Registered number: 08631770)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Acton Timber Yard 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit and Loss Account, 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.

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 4 (2022 - 4 ) .

Acton Timber Yard Limited (Registered number: 08631770)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 12,201 150,814 163,015
Additions - 50,056 50,056
Disposals - (1,661 ) (1,661 )
At 31 October 2023 12,201 199,209 211,410
DEPRECIATION
At 1 November 2022 1,220 66,434 67,654
Charge for year 244 17,906 18,150
Eliminated on disposal - (1,167 ) (1,167 )
At 31 October 2023 1,464 83,173 84,637
NET BOOK VALUE
At 31 October 2023 10,737 116,036 126,773
At 31 October 2022 10,981 84,380 95,361

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 228,500
NET BOOK VALUE
At 31 October 2023 228,500
At 31 October 2022 228,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,118 5,203
Other debtors 18,638 5,204
19,756 10,407

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 60,308 38,074
Amounts owed to associates 61,889 61,889
Taxation and social security 34,811 51,960
Other creditors 20,831 20,533
177,839 172,456

Acton Timber Yard Limited (Registered number: 08631770)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
L J Mrvik and J A Mrvik
Balance outstanding at start of year - -
Amounts advanced 14,040 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,040 -