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REGISTERED NUMBER: 01313735 (England and Wales)













Financial Statements

for the Year Ended 31 May 2024

for

D N Green & Co (Timber) Limited

D N Green & Co (Timber) Limited (Registered number: 01313735)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

D N Green & Co (Timber) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R N Green
Mrs S C S Green





SECRETARY: Mrs S C S Green





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 01313735 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

D N Green & Co (Timber) Limited (Registered number: 01313735)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,315 83,423

CURRENT ASSETS
Stocks 198,200 231,893
Debtors 5 86,779 102,136
Cash at bank and in hand 131,490 98,898
416,469 432,927
CREDITORS
Amounts falling due within one year 6 69,787 80,113
NET CURRENT ASSETS 346,682 352,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,997

436,237

CREDITORS
Amounts falling due after more than one
year

7

(19,589

)

(40,609

)

PROVISIONS FOR LIABILITIES (10,433 ) (8,711 )
NET ASSETS 373,975 386,917

CAPITAL AND RESERVES
Called up share capital 3,500 3,500
Retained earnings 370,475 383,417
SHAREHOLDERS' FUNDS 373,975 386,917

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

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

D N Green & Co (Timber) Limited (Registered number: 01313735)

Balance Sheet - continued
31 May 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 February 2025 and were signed on its behalf by:





R N Green - Director


D N Green & Co (Timber) Limited (Registered number: 01313735)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

D N Green & Co (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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided on the freehold property. The actual value of the property is expected to be higher than cost. The property is kept in good condition. Any repairs are charged to the profit & loss in the year they are incurred.

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.


D N Green & Co (Timber) Limited (Registered number: 01313735)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 3 ) .

D N Green & Co (Timber) Limited (Registered number: 01313735)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 306,791 22,606 70,323 399,720
Additions 976 291 - 1,267
At 31 May 2024 307,767 22,897 70,323 400,987
DEPRECIATION
At 1 June 2023 263,200 10,712 42,385 316,297
Charge for year 11,141 3,046 13,188 27,375
At 31 May 2024 274,341 13,758 55,573 343,672
NET BOOK VALUE
At 31 May 2024 33,426 9,139 14,750 57,315
At 31 May 2023 43,591 11,894 27,938 83,423

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 13,500
DEPRECIATION
At 1 June 2023 3,375
Charge for year 2,531
At 31 May 2024 5,906
NET BOOK VALUE
At 31 May 2024 7,594
At 31 May 2023 10,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 84,639 91,950
Other debtors 2,140 10,186
86,779 102,136

D N Green & Co (Timber) Limited (Registered number: 01313735)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 11,834 18,158
Hire purchase contracts 11,109 12,066
Trade creditors 6,972 11,260
Taxation and social security 11,751 13,087
Other creditors 28,121 25,542
69,787 80,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 14,111 24,022
Hire purchase contracts 5,478 16,587
19,589 40,609

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 1,834 8,158
Bank loans 24,111 34,022
25,945 42,180

National Westminster Bank plc hold a floating charge over all moveable plant, machinery, implements, utensils, furniture and equipment and an assignment of the goodwill and connection of any business together with the full benefit of all licences.

National Westminster Bank plc hold a debenture, fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors who own 100% of the issued shares.

D N Green & Co (Timber) Limited

Report of the Accountants to the Directors of
D N Green & Co (Timber) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG


Date: .............................................