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S J Timber Limited
Registered Number:05875731
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
S J Timber Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05875731
As at 31 July 2024
S J Timber Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
316,815
341,040
2
316,815
341,040
Current assets
Inventories
485,000
368,000
3
Trade and other receivables
759,661
699,598
4
1,103,747
Cash and cash equivalents
1,111,484
2,179,082
2,348,408
Trade and other payables: amounts falling due within one
year
(480,596)
(308,521)
5
1,867,812
1,870,561
Net current assets
Total assets less current liabilities
2,187,376
2,208,852
(29,869)
(33,232)
Provisions for liabilities
2,157,507
Net assets
2,175,620
Capital and reserves
Called up share capital
100
100
Retained earnings
2,157,407
2,175,520
2,157,507
2,175,620
Shareholders' funds
For the year ended 31 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr S Marks Director
These financial statements were approved and authorised for issue by the Board on 06 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2024
S J Timber Limited
Notes to the Financial Statements
Statutory Information
S J Timber Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05875731.
Registered address:
The Factory
Pant Derw
Llandinam
Powys
SY17 5BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold & Improvements
4% & 25% Straight line
Plant and machinery
15% Reducing balance
25% Straight line
Motor vehicles
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2024
S J Timber Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Freehold &
Improvements
£
£
£
£
Cost or
valuation
At 01 August 2023
630,269
212,289
155,869
262,111
26,500
26,500
-
-
Additions
At 31 July 2024
262,111
155,869
238,789
656,769
Provision for depreciation and impairment
At 01 August 2023
289,229
98,911
94,342
95,976
Charge for year
50,725
34,970
9,229
6,526
At 31 July 2024
339,954
133,881
103,571
102,502
At 31 July 2024
Net book value
159,609
52,298
104,908
316,815
At 31 July 2023
166,135
61,527
113,378
341,040
3. Inventories
2023
2024
£
£
Stocks
368,000
485,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
491,103
553,049
Other debtors
208,495
206,612
759,661
699,598
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
193,131
262,897
Taxation and social security
106,137
204,744
Other creditors
9,253
12,955
308,521
480,596
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6
For the year ended 31 July 2024
S J Timber Limited
Notes to the Financial Statements Continued
6. Related party transactions
The Company has advanced a loan to SMJH Properties Limited, that Simon Marks is 50% shareholder and director
of.
At the year end there was £208494 (2023; £206611) in Other Debtors.
There is no interest charged and no set date for repayment.
7. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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