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REGISTERED NUMBER: 03862401 (England and Wales)















STRUCTURAL TIMBER ASSOCIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


STRUCTURAL TIMBER ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr M Stevenson
Mr A Goodfellow
Mr W L Young
Mr P Blunt
Mr N Clark
Mr P R Newman
Mr B G Skilton
Ms S Rudenstam
Mr R Baldwin


REGISTERED OFFICE: Morris Owen
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG


REGISTERED NUMBER: 03862401 (England and Wales)


ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG


BANKERS: Royal Bank of Scotland
19 High Street
Alloa
FK10 1JF

STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,302 -
Property, plant and equipment 5 2,954 29
35,256 29

CURRENT ASSETS
Debtors 6 94,543 120,000
Cash at bank 254,143 448,991
348,686 568,991
CREDITORS
Amounts falling due within one year 7 198,397 192,166
NET CURRENT ASSETS 150,289 376,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,545

376,854

RESERVES
Income and expenditure account 185,545 376,854
185,545 376,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 surplus or deficit 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.

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 18th February 2025 and were signed on its behalf by:





Mr W L Young - Director


STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Structural Timber Association Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03862401

Registered office: Morris Owen, 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.


STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401)

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

Reallocation of income and expenditure
During the year, the directors reviewed the allocation of various income and expenditure and this resulted in various reallocations. As a result, the comparative figures have been restated. Other income of £24,960 was reallocated to turnover, early payment discounts totalling £10,254 were reallocated from turnover to direct costs and direct costs of £307,003 were reallocated to administrative expenditure. There was no impact on profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024 18,050
Additions 34,609
Disposals (18,050 )
At 31st December 2024 34,609
AMORTISATION
At 1st January 2024 18,050
Charge for year 2,307
Eliminated on disposal (18,050 )
At 31st December 2024 2,307
NET BOOK VALUE
At 31st December 2024 32,302
At 31st December 2023 -

STRUCTURAL TIMBER ASSOCIATION LIMITED (REGISTERED NUMBER: 03862401)

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


5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st January 2024 38,120
Additions 3,151
Disposals (36,778 )
At 31st December 2024 4,493
DEPRECIATION
At 1st January 2024 38,091
Charge for year 226
Eliminated on disposal (36,778 )
At 31st December 2024 1,539
NET BOOK VALUE
At 31st December 2024 2,954
At 31st December 2023 29

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,934 24,594
VAT 44,977 48,148
Prepayments and accrued income 25,632 47,258
94,543 120,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 58,246 50,675
Social security and other taxes - 2,777
Other creditors 412 4,574
Accruals and deferred income 139,739 134,140
198,397 192,166

8. LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee. The liability of the members is limited to £1.