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REGISTERED NUMBER: 00398178 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

EAST BROS. (TIMBER) LIMITED

EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST BROS. (TIMBER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: E E Applin
R East
A C East
M J Gilbert





REGISTERED OFFICE: The Saw Mills
West Dean
Salisbury
Wiltshire
SP5 1JA





REGISTERED NUMBER: 00398178 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,344,414 1,431,640

CURRENT ASSETS
Stocks 2,869,503 2,801,264
Debtors 5 845,232 974,281
Cash at bank and in hand 386,829 606,882
4,101,564 4,382,427
CREDITORS
Amounts falling due within one year 6 1,923,372 2,287,601
NET CURRENT ASSETS 2,178,192 2,094,826
TOTAL ASSETS LESS CURRENT LIABILITIES 3,522,606 3,526,466

CREDITORS
Amounts falling due after more than one
year

7

(43,484

)

-

PROVISIONS FOR LIABILITIES (191,807 ) (204,144 )
NET ASSETS 3,287,315 3,322,322

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Share premium 4,596 4,596
Retained earnings 3,272,719 3,307,726
SHAREHOLDERS' FUNDS 3,287,315 3,322,322

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

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

EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by:




M J Gilbert - Director



A C East - Director


EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

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


1. STATUTORY INFORMATION

East Bros. (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. 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The policy for the recognition of income in respect of timber and wood sale is the point at which the item is delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 50 years
Plant and machinery - 15% on reducing balance and 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign exchange
Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is
also recognised in other comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 61,123 2,624,815 2,685,938
Additions - 118,907 118,907
Disposals - (24,992 ) (24,992 )
At 31 August 2024 61,123 2,718,730 2,779,853
DEPRECIATION
At 1 September 2023 10,405 1,243,893 1,254,298
Charge for year 1,223 202,528 203,751
Eliminated on disposal - (22,610 ) (22,610 )
At 31 August 2024 11,628 1,423,811 1,435,439
NET BOOK VALUE
At 31 August 2024 49,495 1,294,919 1,344,414
At 31 August 2023 50,718 1,380,922 1,431,640

Included within plant and machinery are assets with a total net book value of £76,045 (2023 - £59,019) that are held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 729,182 868,057
Other debtors 116,050 106,224
845,232 974,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,688 5,237
Trade creditors 314,602 644,731
Amounts owed to group undertakings 1,355,660 1,280,061
Taxation and social security 125,159 142,454
Other creditors 105,263 215,118
1,923,372 2,287,601

EAST BROS. (TIMBER) LIMITED (REGISTERED NUMBER: 00398178)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 43,484 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 66,172 5,237

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

10. RELATED PARTY DISCLOSURES

At the year end a balance of £11,500 (2023 - £9,500) was owed to the company by a former director but current share holder. No interest has been charged on the loan in the current or prior year.