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REGISTERED NUMBER: 14912017 (England and Wales)















Unaudited Financial Statements

for the Period 2 June 2023 to 31 December 2023

for

Composite Timber Company Limited

Composite Timber Company Limited (Registered number: 14912017)






Contents of the Financial Statements
for the Period 2 June 2023 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Composite Timber Company Limited

Company Information
for the Period 2 June 2023 to 31 December 2023







DIRECTOR: Mr A J Middleton





REGISTERED OFFICE: 19 First Avenue
Wrea Green
Preston
Lancashire
PR4 2WR





REGISTERED NUMBER: 14912017 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Composite Timber Company Limited (Registered number: 14912017)

Balance Sheet
31 December 2023

Notes £   
CURRENT ASSETS
Stocks 139,035
Debtors 4 1,207
Cash at bank and in hand 456
140,698
CREDITORS
Amounts falling due within one year 5 148,362
NET CURRENT LIABILITIES (7,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,664

)

CAPITAL AND RESERVES
Called up share capital 120
Retained earnings (7,784 )
(7,664 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 18 September 2024 and were signed by:





Mr A J Middleton - Director


Composite Timber Company Limited (Registered number: 14912017)

Notes to the Financial Statements
for the Period 2 June 2023 to 31 December 2023

1. STATUTORY INFORMATION

Composite 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
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.

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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,207

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 136,427
Other creditors 10,245
Directors' loan accounts 440
Accrued expenses 1,250
148,362

Composite Timber Company Limited (Registered number: 14912017)

Notes to the Financial Statements - continued
for the Period 2 June 2023 to 31 December 2023

6. GOING CONCERN

The Company's balance sheet shows an excess of liabilities over assets of £7,664. The Company is dependant on the continued support of its director to meet its day to day working capital requirements. On this basis the financial statements do not include any adjustments that wold result from the withdrawal of this support.