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REGISTERED NUMBER: 01407772 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ST ANNES TIMBER SUPPLIES LIMITED

ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ST ANNES TIMBER SUPPLIES LIMITED

COMPANY INFORMATION
for the Year Ended 31ST MARCH 2024







DIRECTORS: Mrs S E Barnacle
Ms C A Naftel
Mr C D Naftel
Mr J N Naftel



REGISTERED OFFICE: St Annes Timber Supplies Ltd
45-47 St David's Road South
Lytham St Annes
Lancashire
FY8 1TJ



REGISTERED NUMBER: 01407772 (England and Wales)



ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN



BANKERS: HSBC Bank plc
6 Clifton Square
Lytham St. Annes
Lancashire
FY8 5JU

ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)

ABRIDGED BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,377 58,154
Investment property 5 100,000 100,000
166,377 158,154

CURRENT ASSETS
Stocks 79,000 122,400
Debtors 39,209 40,096
Cash at bank 31,682 32,542
149,891 195,038
CREDITORS
Amounts falling due within one year 46,178 57,003
NET CURRENT ASSETS 103,713 138,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,090

296,189

CREDITORS
Amounts falling due after more than one
year

(19,207

)

(25,348

)

PROVISIONS FOR LIABILITIES 7 (1,070 ) (4,737 )
NET ASSETS 249,813 266,104

CAPITAL AND RESERVES
Called up share capital 8 4,502 4,502
Retained earnings 9 245,311 261,602
SHAREHOLDERS' FUNDS 249,813 266,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2024


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 year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th November 2024 and were signed on its behalf by:





Ms C A Naftel - Director


ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST MARCH 2024

1. STATUTORY INFORMATION

St Annes Timber Supplies 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transfered to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the profit and loss in the period in which they arise.

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 year 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.


ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MARCH 2024

2. 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 148,950
Additions 15,999
Disposals (18,950 )
At 31st March 2024 145,999
DEPRECIATION
At 1st April 2023 90,796
Charge for year 6,887
Eliminated on disposal (18,061 )
At 31st March 2024 79,622
NET BOOK VALUE
At 31st March 2024 66,377
At 31st March 2023 58,154

ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 100,000
NET BOOK VALUE
At 31st March 2024 100,000
At 31st March 2023 100,000

The investment property is valued on an open market basis by the directors.

The investment property was revalued to £100,000 (cost £85,879) on 31 March 2024 by the directors.

6. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 25,320 31,461

The bank loan is secured on the investment property, 49 St Davids Road South Lytham St Annes FY8 1TJ.

7. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 1,070 4,737

Deferred
tax
£   
Balance at 1st April 2023 4,737
Credit to Income Statement during year (3,667 )
Accelerated capital allowances
Balance at 31st March 2024 1,070

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
4,502 Ordinary £1 4,502 4,502

ST ANNES TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 01407772)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MARCH 2024

9. RESERVES
Retained
earnings
£   

At 1st April 2023 261,602
Deficit for the year (16,291 )
At 31st March 2024 245,311

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital of the company.