IRIS Accounts Production v24.3.2.46 03323992 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary shares 1.00000 B Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033239922023-03-31033239922024-03-31033239922023-04-012024-03-31033239922022-03-31033239922022-04-012023-03-31033239922023-03-3103323992ns15:EnglandWales2023-04-012024-03-3103323992ns14:PoundSterling2023-04-012024-03-3103323992ns10:Director12023-04-012024-03-3103323992ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103323992ns10:SmallEntities2023-04-012024-03-3103323992ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103323992ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103323992ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103323992ns10:FullAccounts2023-04-012024-03-310332399212023-04-012024-03-3103323992ns10:OrdinaryShareClass12023-04-012024-03-3103323992ns10:OrdinaryShareClass22023-04-012024-03-3103323992ns10:CompanySecretary12023-04-012024-03-3103323992ns10:RegisteredOffice2023-04-012024-03-3103323992ns5:CurrentFinancialInstruments2024-03-3103323992ns5:CurrentFinancialInstruments2023-03-3103323992ns5:ShareCapital2024-03-3103323992ns5:ShareCapital2023-03-3103323992ns5:RevaluationReserve2024-03-3103323992ns5:RevaluationReserve2023-03-3103323992ns5:RetainedEarningsAccumulatedLosses2024-03-3103323992ns5:RetainedEarningsAccumulatedLosses2023-03-3103323992ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103323992ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3103323992ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3103323992ns5:PlantMachinery2023-04-012024-03-3103323992ns5:FurnitureFittings2023-04-012024-03-3103323992ns5:MotorVehicles2023-04-012024-03-3103323992ns5:ComputerEquipment2023-04-012024-03-3103323992ns5:NetGoodwill2023-03-3103323992ns5:NetGoodwill2024-03-3103323992ns5:NetGoodwill2023-03-3103323992ns5:LandBuildings2023-03-3103323992ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3103323992ns5:PlantMachinery2023-03-3103323992ns5:LandBuildings2023-04-012024-03-3103323992ns5:LandBuildings2024-03-3103323992ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3103323992ns5:PlantMachinery2024-03-3103323992ns5:LandBuildings2023-03-3103323992ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3103323992ns5:PlantMachinery2023-03-3103323992ns5:FurnitureFittings2023-03-3103323992ns5:MotorVehicles2023-03-3103323992ns5:ComputerEquipment2023-03-3103323992ns5:FurnitureFittings2024-03-3103323992ns5:MotorVehicles2024-03-3103323992ns5:ComputerEquipment2024-03-3103323992ns5:FurnitureFittings2023-03-3103323992ns5:MotorVehicles2023-03-3103323992ns5:ComputerEquipment2023-03-3103323992ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103323992ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103323992ns10:OrdinaryShareClass12024-03-3103323992ns10:OrdinaryShareClass22024-03-3103323992ns5:RetainedEarningsAccumulatedLosses2023-03-3103323992ns5:RevaluationReserve2023-03-3103323992ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31033239921ns10:Director12023-03-31033239921ns10:Director12022-03-31033239921ns10:Director12023-04-012024-03-31033239921ns10:Director12022-04-012023-03-31033239921ns10:Director12024-03-31033239921ns10:Director12023-03-31
REGISTERED NUMBER: 03323992 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLYDESDALE TIMBER PRODUCTS LIMITED

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLYDESDALE TIMBER PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs W Monaghan





SECRETARY: Mrs W Monaghan





REGISTERED OFFICE: Office 25
Oaktree Court Business Centre
Mill Lane
Ness
Cheshire
CH64 8TP





REGISTERED NUMBER: 03323992 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 30,402 31,534
30,403 31,535

CURRENT ASSETS
Stocks 9,633 30,424
Debtors 6 2,674 4,558
Cash at bank 6,567 6,957
18,874 41,939
CREDITORS
Amounts falling due within one year 7 30,581 35,777
NET CURRENT (LIABILITIES)/ASSETS (11,707 ) 6,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,696

37,697

CAPITAL AND RESERVES
Called up share capital 8 59,240 59,240
Revaluation reserve 9 8,182 8,182
Retained earnings 9 (48,726 ) (29,725 )
SHAREHOLDERS' FUNDS 18,696 37,697

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

BALANCE SHEET - continued
31 MARCH 2024


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 31 December 2024 and were signed by:





Mrs W Monaghan - Director


CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clydesdale Timber Products 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Improvements to property - 10% on reducing balance
Land and buildings - 4% on cost of buildings
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.


CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Land and Plant and
property buildings machinery
£    £    £   
COST OR VALUATION
At 1 April 2023 9,813 40,455 11,825
Additions - - -
At 31 March 2024 9,813 40,455 11,825
DEPRECIATION
At 1 April 2023 8,739 11,200 11,011
Charge for year 107 800 203
At 31 March 2024 8,846 12,000 11,214
NET BOOK VALUE
At 31 March 2024 967 28,455 611
At 31 March 2023 1,074 29,255 814

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 4,096 16,600 1,030 83,819
Additions - - 130 130
At 31 March 2024 4,096 16,600 1,160 83,949
DEPRECIATION
At 1 April 2023 3,962 16,503 870 52,285
Charge for year 20 24 108 1,262
At 31 March 2024 3,982 16,527 978 53,547
NET BOOK VALUE
At 31 March 2024 114 73 182 30,402
At 31 March 2023 134 97 160 31,534

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Improvements
to Land and Plant and
property buildings machinery
£    £    £   
Valuation in 2009 - 40,455 -
Cost 9,813 - 11,825
9,813 40,455 11,825

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2009 - - - 40,455
Cost 4,096 16,600 1,160 43,494
4,096 16,600 1,160 83,949

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31/3/24 31/3/23
£    £   
Cost 32,273 32,273
Aggregate depreciation 12,000 11,200

Value of land in freehold land and buildings 12,273 12,273

Freehold land and buildings were valued on an open market basis on 6 March 2009 by Frank Marshall & Co .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors - 1,530
Taxation recoverable 2,674 3,028
2,674 4,558

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 7,022 12,931
Social security and other taxes 403 338
VAT 992 265
Other creditors - 9,586
Directors' current accounts 16,825 10,707
Accrued expenses 5,339 1,950
30,581 35,777

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000
58,240 B Ordinary shares £1 58,240 58,240
59,240 59,240

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (29,725 ) 8,182 (21,543 )
Deficit for the year (19,001 ) (19,001 )
At 31 March 2024 (48,726 ) 8,182 (40,544 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mrs W Monaghan
Balance outstanding at start of year - 9,708
Amounts repaid - (9,708 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CLYDESDALE TIMBER PRODUCTS LIMITED (REGISTERED NUMBER: 03323992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The above advance was interest free, had no fixed repayment date and was unsecured.