Registered number
11536417
A & H TIMBER PRODUCTS LIMITED
Filleted Accounts
31 March 2024
A & H TIMBER PRODUCTS LIMITED
Registered number: 11536417
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,671 33,437
Current assets
Stocks 23,672 16,183
Debtors 4 111,215 89,710
Cash at bank and in hand 175,454 141,752
310,341 247,645
Creditors: amounts falling due within one year 5 (60,526) (84,359)
Net current assets 249,815 163,286
Total assets less current liabilities 279,486 196,723
Provisions for liabilities (5,637) (6,353)
Net assets 273,849 190,370
Capital and reserves
Called up share capital 100 100
Profit and loss account 273,749 190,270
Shareholders' funds 273,849 190,370
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR L SILK
Director
Approved by the board on 10 September 2024
A & H TIMBER PRODUCTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% x WDV
Fixtures, fittings, tools and equipment 15% x WDV
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 30,204 25,985 56,189
Additions 1,470 - 1,470
At 31 March 2024 31,674 25,985 57,659
Depreciation
At 1 April 2023 13,474 9,278 22,752
Charge for the year 2,729 2,507 5,236
At 31 March 2024 16,203 11,785 27,988
Net book value
At 31 March 2024 15,471 14,200 29,671
At 31 March 2023 16,730 16,707 33,437
4 Debtors 2024 2023
£ £
Trade debtors 111,215 89,710
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,381 32,090
Taxation and social security costs 37,357 31,481
Other creditors 20,788 20,788
60,526 84,359
6 Other information
A & H TIMBER PRODUCTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 2 BROADFIELD PARK
SEAVIEW ROAD
COWES
ISLE OF WIGHT
PO31 7US
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