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REGISTERED NUMBER: 01460798 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COXHOE TIMBER SERVICES LIMITED

COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)






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


COXHOE TIMBER SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R S Cubello
J Cubello





SECRETARY: R S Cubello





REGISTERED OFFICE: 29 Church Street
Coxhoe
County Durham
DH6 4HE





REGISTERED NUMBER: 01460798 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,026 10,866

CURRENT ASSETS
Stocks 23,750 20,057
Debtors 5 138,375 63,663
Cash at bank and in hand 22,798 23,963
184,923 107,683
CREDITORS
Amounts falling due within one year 6 112,423 62,372
NET CURRENT ASSETS 72,500 45,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,526

56,177

CREDITORS
Amounts falling due after more than one
year

7

-

(363

)

PROVISIONS FOR LIABILITIES (2,256 ) (2,716 )
NET ASSETS 79,270 53,098

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 79,266 53,094
SHAREHOLDERS' FUNDS 79,270 53,098

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.

COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





R S Cubello - Director


COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)

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

1. STATUTORY INFORMATION

Coxhoe Timber Services 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.

In respect of turnover arising from contractual arrangement, income is attributed to the profit and loss account as contract activity progresses in a manner appropriate to the stage of completion of each individual contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost and 10% on reducing balance
Fixtures and fittings - 10% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 500 65,577 66,077
Additions - 251 251
Disposals - (1,881 ) (1,881 )
At 31 December 2023 500 63,947 64,447
DEPRECIATION
At 1 January 2023 491 54,720 55,211
Charge for year 1 2,089 2,090
Eliminated on disposal - (1,880 ) (1,880 )
At 31 December 2023 492 54,929 55,421
NET BOOK VALUE
At 31 December 2023 8 9,018 9,026
At 31 December 2022 9 10,857 10,866

COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 2,007
Transfer to ownership (2,007 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 1,138
Transfer to ownership (1,138 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 130,246 55,462
Other debtors 8,129 8,201
138,375 63,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 627
Trade creditors 41,671 30,103
Taxation and social security 35,715 14,318
Other creditors 35,037 17,324
112,423 62,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 363

COXHOE TIMBER SERVICES LIMITED (REGISTERED NUMBER: 01460798)

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

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 627
Between one and five years - 363
- 990

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 990

Secured on the assets to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R S Cubello
Balance outstanding at start of year - 3,268
Amounts repaid - (3,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

During the year the company paid £15,444 (2022: £15,529) to the directors, in respect of the rent of premises from which the company trades.

12. RELATED PARTY DISCLOSURES

During the year the directors provided interest free loans to the company. At 31 December 2023 the balance was £19,857 (2022: £3,857).