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REGISTERED NUMBER: 06910651 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AKZ TIMBER LIMITED

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKZ TIMBER LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: K Hayes
Mrs S Hayes
Ms F Hayes





SECRETARY: K Hayes





REGISTERED OFFICE: 37 Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP





REGISTERED NUMBER: 06910651 (England and Wales)





ACCOUNTANTS: Blue Swift Accountants Limited
37 Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,268 11,873

CURRENT ASSETS
Debtors 5 525 -
Cash at bank 206,193 124,745
206,718 124,745
CREDITORS
Amounts falling due within one year 6 50,180 41,450
NET CURRENT ASSETS 156,538 83,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,806

95,168

CREDITORS
Amounts falling due after more than one year 7 (15,099 ) (25,740 )

PROVISIONS FOR LIABILITIES (2,093 ) (2,255 )
NET ASSETS 148,614 67,173

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 148,610 67,169
SHAREHOLDERS' FUNDS 148,614 67,173

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

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

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





K Hayes - Director


AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

AKZ 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.

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 - 10% on reducing balance
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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 3 (2022 - 3 ) .

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 16,144 12,852 28,996
Disposals - (4,152 ) (4,152 )
At 31 December 2023 16,144 8,700 24,844
DEPRECIATION
At 1 January 2023 8,878 8,245 17,123
Charge for year 727 1,475 2,202
Eliminated on disposal - (3,749 ) (3,749 )
At 31 December 2023 9,605 5,971 15,576
NET BOOK VALUE
At 31 December 2023 6,539 2,729 9,268
At 31 December 2022 7,266 4,607 11,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 525 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 9,872
Trade creditors 208 1,020
Taxation and social security 37,344 29,758
Other creditors 1,980 800
50,180 41,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,099 25,740