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REGISTERED NUMBER: 14339634 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

J W Timber Trading Limited

J W Timber Trading Limited (Registered number: 14339634)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J W Timber Trading Limited

Company Information
for the Year Ended 30 September 2024







Directors: J W Sambrook-Jones
H L Sambrook-Jones





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 14339634 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

J W Timber Trading Limited (Registered number: 14339634)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 49,272 4,004

Current assets
Debtors 5 163,394 75,495
Cash at bank 56,264 90,103
219,658 165,598
Creditors
Amounts falling due within one year 6 191,777 140,681
Net current assets 27,881 24,917
Total assets less current liabilities 77,153 28,921

Creditors
Amounts falling due after more than
one year

7

(30,207

)

-

Provisions for liabilities (10,670 ) -
Net assets 36,276 28,921

Capital and reserves
Called up share capital 9 1 1
Retained earnings 36,275 28,920
Shareholders' funds 36,276 28,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

J W Timber Trading Limited (Registered number: 14339634)

Statement of Financial Position - continued
30 September 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 Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





J W Sambrook-Jones - Director


J W Timber Trading Limited (Registered number: 14339634)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. Statutory information

J W Timber Trading 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, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 5% on cost
Fixtures, fittings & equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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 statement of financial position date.


J W Timber Trading Limited (Registered number: 14339634)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 statement of financial position 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.

Hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures,
Leasehold fittings Motor Computer
improvements & equipment vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 October 2023 3,483 - - 870 4,353
Additions 3,632 3,966 44,950 3,742 56,290
At 30 September 2024 7,115 3,966 44,950 4,612 60,643
Depreciation
At 1 October 2023 175 - - 174 349
Charge for year 349 794 8,990 889 11,022
At 30 September 2024 524 794 8,990 1,063 11,371
Net book value
At 30 September 2024 6,591 3,172 35,960 3,549 49,272
At 30 September 2023 3,308 - - 696 4,004

J W Timber Trading Limited (Registered number: 14339634)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. Debtors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Trade debtors 163,394 75,495

6. Creditors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Hire purchase contracts 8,630 -
Trade creditors 117,445 98,388
Taxation and social security 42,536 32,733
Other creditors 23,166 9,560
191,777 140,681

7. Creditors: amounts falling due after more than one year
30/9/24 30/9/23
£    £   
Hire purchase contracts 30,207 -

8. Secured debts

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Hire purchase contracts 38,837 -

Obligations under hire purchase contracts are secured on the underlying asset.

9. Called up share capital

Alloted. issued and fully paid:
Number: Class: Nominal 30/09/24 30/09/23
Value: £ £
80 Ordinary £0.01 £0.80 £0.80
20 Ordinary "A" £0.01 £0.20 £0.20
£1.00 £1.00

10. Related party disclosures

The directors have made loans to the company. The balance on these loans at 30 September 2024 was £3,102 (2023 - £7,325). The loans are interest-free and repayable on demand.