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REGISTERED NUMBER: 03972978 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Acadia Timber Limited

Acadia Timber Limited (Registered number: 03972978)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Acadia Timber Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M R Reed
Miss C M F Reed





REGISTERED OFFICE: 229 Goldsmith Avenue
Southsea
Hampshire
PO4 OBS





REGISTERED NUMBER: 03972978 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Acadia Timber Limited (Registered number: 03972978)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,415 3,367

CURRENT ASSETS
Stocks 29,305 28,410
Debtors 5 18,695 12,797
Cash at bank - 4,688
48,000 45,895
CREDITORS
Amounts falling due within one year 6 77,378 54,285
NET CURRENT LIABILITIES (29,378 ) (8,390 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,963 ) (5,023 )

CREDITORS
Amounts falling due after more than one
year

7

23,184

30,871
NET LIABILITIES (51,147 ) (35,894 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (51,149 ) (35,896 )
SHAREHOLDERS' FUNDS (51,147 ) (35,894 )

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

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

Acadia Timber Limited (Registered number: 03972978)

Balance Sheet - continued
30 April 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 24 January 2025 and were signed on its behalf by:





Miss C M F Reed - Director


Acadia Timber Limited (Registered number: 03972978)

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

1. STATUTORY INFORMATION

Acadia 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 accounts have been prepared on a going concern basis, this is considered appropriate as the director's have given their assurances that they will continue to support the company for a period of at least 12 months from the date of his report.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Fixtures & fittings - 25% 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.

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.


Acadia Timber Limited (Registered number: 03972978)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,453 82 19,500 3,130 26,165
Disposals - - (4,000 ) - (4,000 )
At 30 April 2024 3,453 82 15,500 3,130 22,165
DEPRECIATION
At 1 May 2023 1,960 12 17,696 3,130 22,798
Charge for year 224 11 30 - 265
Eliminated on disposal - - (2,313 ) - (2,313 )
At 30 April 2024 2,184 23 15,413 3,130 20,750
NET BOOK VALUE
At 30 April 2024 1,269 59 87 - 1,415
At 30 April 2023 1,493 70 1,804 - 3,367

Acadia Timber Limited (Registered number: 03972978)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 18,695 12,004
Other debtors - 793
18,695 12,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 17,861 7,211
Trade creditors 3,883 8,817
Taxation and social security 9,432 15,240
Other creditors 46,202 23,017
77,378 54,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 23,184 30,871

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,174

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Between one and five years 29,561 37,622

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.