5307321falseTimber merchants2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:Director12023-02-012024-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-02-012024-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-02-012024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/2023-02-012024-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FRS1022023-02-012024-01-31http://www.companieshouse.gov.uk/2024-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-02-012024-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-02-012024-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 5307321
John Richardson & Son (Timber Merchants) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

John Richardson & Son (Timber Merchants) Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet2
Notes To The Accounts3
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

John Richardson & Son (Timber Merchants) Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,872,8061,726,867
CURRENT ASSETS
Stock283,950262,051
Debtors4320,525438,873
Cash at bank and in hand4,694,1864,441,152
5,298,6615,142,076
CREDITORS: Amounts falling due within one year5270,777248,818
NET CURRENT ASSETS5,027,8844,893,258
TOTAL ASSETS LESS CURRENT LIABILITIES6,900,6906,620,125
PROVISIONS FOR LIABILITIES AND CHARGES773,50355,901
NET ASSETS6,827,1876,564,224
CAPITAL AND RESERVES
Called up share capital820,00020,000
Profit and loss account6,807,1876,544,224
SHAREHOLDERS' FUNDS6,827,1876,564,224
For the year ending 31/01/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 02/09/2024 and signed on their behalf by
.............................
Mr S Dudson
Director

John Richardson & Son (Timber Merchants) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Plant and Machineryreducing balance 15-25%
Commercial Vehiclesreducing balance 25%
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A small entities.

John Richardson & Son (Timber Merchants) Limited

2. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 01/02/20231,623,087573,0452,196,132
Additions76,587132,863209,450
Disposals-(41,000)(41,000)
At 31/01/20241,699,674664,9082,364,582
Depreciation
At 01/02/202397,679371,586469,265
Disposals-(22,789)(22,789)
For the year5,99239,30845,300
At 31/01/2024103,671388,105491,776
Net Book Amounts
At 31/01/20241,596,003276,8031,872,806
At 31/01/20231,525,408201,4591,726,867
The 2024 valuations were made by the directors, on an open market value for existing use basis.
In the opinion of the directors, the open market value for existing use basis of the investment property as at 31 January 2024 is not materially different to cost.
3. STOCK 20242023
££
Stock comprises:
Stock283,950262,051
283,950262,051
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors238,077359,061
Other debtors82,44879,812
320,525438,873

John Richardson & Son (Timber Merchants) Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other taxes146,630143,317
Trade creditors119,897101,350
Other creditors4,2504,150
270,777248,817
6. EMPLOYEES
20242023
No.No.
Average number of employees2427
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation73,50355,901
73,50355,901
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
20000 Ordinary shares of £1 each2000020000
20,00020,000