K S TIMBER LTD

Company Registration Number:
05687457 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

K S TIMBER LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

K S TIMBER LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,206,270 2,273,026
Total fixed assets: 2,206,270 2,273,026
Current assets
Stocks: 454,526 833,999
Debtors:   1,065,886 1,042,961
Cash at bank and in hand: 454,998 175,430
Total current assets: 1,975,410 2,052,390
Creditors: amounts falling due within one year:   (1,628,145) (1,861,077)
Net current assets (liabilities): 347,265 191,313
Total assets less current liabilities: 2,553,535 2,464,339
Creditors: amounts falling due after more than one year:   (464,594) (542,006)
Total net assets (liabilities): 2,088,941 1,922,333
Capital and reserves
Called up share capital: 50,000 50,000
Share premium account: 74,002 74,002
Revaluation reserve:4379,678379,678
Profit and loss account: 1,585,261 1,418,653
Shareholders funds: 2,088,941 1,922,333

The notes form part of these financial statements

K S TIMBER LTD

Balance sheet statements

For the year ending 31 March 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 October 2024
and signed on behalf of the board by:

Name: K D Sorenson
Status: Director

The notes form part of these financial statements

K S TIMBER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

K S TIMBER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 20 27

K S TIMBER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 2,738,489
Additions 47,415
Disposals (35,825)
At 31 March 2024 2,750,079
Depreciation
At 01 April 2023 465,463
Charge for year 81,646
On disposals (3,300)
At 31 March 2024 543,809
Net book value
At 31 March 2024 2,206,270
At 31 March 2023 2,273,026

K S TIMBER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Revaluation reserve

2024
£
Balance at 01 April 2023 379,678
Surplus or deficit after revaluation 0
Balance at 31 March 2024 379,678