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REGISTERED NUMBER: 04249873 (England and Wales)















THE BIG GREEN TIMBER COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023






THE BIG GREEN TIMBER COMPANY LIMITED (REGISTERED NUMBER: 04249873)

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


THE BIG GREEN TIMBER COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D S Sawrij





REGISTERED OFFICE: Swalesmoor Farm
Swalesmoor Road
Halifax
West Yorkshire
HX3 6UF





REGISTERED NUMBER: 04249873 (England and Wales)






THE BIG GREEN TIMBER COMPANY LIMITED (REGISTERED NUMBER: 04249873)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,541,716 4,591,589

CURRENT ASSETS
Stocks 42,720 -
Debtors 5 156,562 152,885
Cash at bank 134,920 316,690
334,202 469,575
CREDITORS
Amounts falling due within one year 6 2,638,150 2,842,237
NET CURRENT LIABILITIES (2,303,948 ) (2,372,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,237,768

2,218,927

CREDITORS
Amounts falling due after more than one
year

7

(2,188,181

)

(2,164,620

)

PROVISIONS FOR LIABILITIES (28,267 ) (23,953 )
NET ASSETS 21,320 30,354

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 11,320 20,354
21,320 30,354

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 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.

THE BIG GREEN TIMBER COMPANY LIMITED (REGISTERED NUMBER: 04249873)

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 director and authorised for issue on 12 September 2024 and were signed by:





D S Sawrij - Director


THE BIG GREEN TIMBER COMPANY LIMITED (REGISTERED NUMBER: 04249873)

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


1. STATUTORY INFORMATION

The Big Green Timber Company 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Grant income
Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

THE BIG GREEN TIMBER COMPANY LIMITED (REGISTERED NUMBER: 04249873)

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
and 31 December 2023 4,587,099 94,208 4,681,307
DEPRECIATION
At 1 January 2023 80,438 9,280 89,718
Charge for year 35,742 14,131 49,873
At 31 December 2023 116,180 23,411 139,591
NET BOOK VALUE
At 31 December 2023 4,470,919 70,797 4,541,716
At 31 December 2022 4,506,661 84,928 4,591,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,212 94,195
Other debtors 131,350 58,690
156,562 152,885

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 86,596 86,596
Trade creditors 51,198 201,953
Taxation and social security 1,360 -
Other creditors 2,498,996 2,553,688
2,638,150 2,842,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,849,888 1,887,337
Other creditors 338,293 277,283
2,188,181 2,164,620

THE BIG GREEN TIMBER COMPANY LIMITED (REGISTERED NUMBER: 04249873)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,503,504 1,540,953

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,936,484 1,973,933

Bank loans are secured on the company freehold property, along with a personal guarantee of £500,000 given by the director.

9. RELATED PARTY DISCLOSURES

At the balance sheet date £935,844 (2022: £1,012,495) was due to companies in which D S Sawrij, director and controlling party of Big Green Timber Company Limited, is also the ultimate controlling party.

During the year the company sold goods totalling £98,060 (2022: ££77,040) to companies in which D S Sawrij is also the controlling party.

The ultimate controlling party is D S Sawrij.