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REGISTERED NUMBER: 10195237 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2022 to 31 December 2023

for

W H Timber Limited

W H Timber Limited (Registered number: 10195237)

Contents of the Financial Statements
for the Period 1 July 2022 to 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


W H Timber Limited

Company Information
for the Period 1 July 2022 to 31 December 2023







DIRECTORS: D J Cracknell
G Taylor
Dr H R V Williams





REGISTERED OFFICE: Woodland Heritage
Whitney Sawmills
Old Station Yard
Hereford
Herefordshire
HR3 6EZ





REGISTERED NUMBER: 10195237 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

W H Timber Limited (Registered number: 10195237)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 337,562 385,886
337,562 385,886

CURRENT ASSETS
Stocks 796,160 765,830
Debtors 62,484 193,615
Cash at bank and in hand 46,871 100,439
905,515 1,059,884
CREDITORS
Amounts falling due within one year (281,588 ) (282,233 )
NET CURRENT ASSETS 623,927 777,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,489

1,163,537

CREDITORS
Amounts falling due after more than one
year

(1,025,545

)

(1,129,196

)

PROVISIONS FOR LIABILITIES 7 - (37,144 )
NET LIABILITIES (64,056 ) (2,803 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium 9 349,000 349,000
Retained earnings 9 (414,056 ) (352,803 )
SHAREHOLDERS' FUNDS (64,056 ) (2,803 )

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 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.

W H Timber Limited (Registered number: 10195237)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Dr H R V Williams - Director


W H Timber Limited (Registered number: 10195237)

Notes to the Financial Statements
for the Period 1 July 2022 to 31 December 2023


1. STATUTORY INFORMATION

W H Timber 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Small plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% 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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


W H Timber Limited (Registered number: 10195237)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 31 December 2023 199,994
AMORTISATION
At 1 July 2022
and 31 December 2023 199,994
NET BOOK VALUE

At 31 December 2023 -
At 30 June 2022 -

W H Timber Limited (Registered number: 10195237)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023


6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 540,969
Additions 63,894
Disposals (1,000 )
At 31 December 2023 603,863
DEPRECIATION
At 1 July 2022 155,083
Charge for period 111,818
Eliminated on disposal (600 )
At 31 December 2023 266,301
NET BOOK VALUE
At 31 December 2023 337,562
At 30 June 2022 385,886

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 37,144

Deferred
tax
£   
Balance at 1 July 2022 37,144
Provided during period (37,144 )
Balance at 31 December 2023 -

There are no deferred tax balances carried forward. There are timing differences which could produce a deferred tax liability of £30,487. This is however more than covered by tax losses, generating a deferred tax asset of £64,763.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

W H Timber Limited (Registered number: 10195237)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023


9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2022 (352,803 ) 349,000 (3,803 )
Deficit for the period (61,253 ) (61,253 )
At 31 December 2023 (414,056 ) 349,000 (65,056 )

10. RELATED PARTY DISCLOSURES

In previous years at various times the controlling party, Woodland Heritage Limited, a UK Charity, advanced funding to allow for the acquisition of an existing business, the acquisition of stocks and for day to day working capital. The loan was initially repayable by 30/06/2021. The debt continues to be repaid by agreement after the initial due date and is kept under regular review by both lender and borrower. At 31/12/2023 £1,008,960 was owing to Woodland Heritage Limited (30/06/2022: £1,062,960). The amount owed includes a small short term balance repayable in under one year.