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REGISTERED NUMBER: 06910651 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AKZ TIMBER LIMITED

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AKZ TIMBER LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: K Hayes
Mrs S Hayes
Ms F Hayes





SECRETARY: K Hayes





REGISTERED OFFICE: 37 Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP





REGISTERED NUMBER: 06910651 (England and Wales)





ACCOUNTANTS: Blue Swift Accountants Limited
37 Riverside House
River Lawn Road
Tonbridge
Kent
TN9 1EP

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,657 9,268

CURRENT ASSETS
Debtors 5 20,173 525
Cash at bank 88,613 206,193
108,786 206,718
CREDITORS
Amounts falling due within one year 6 11,583 50,180
NET CURRENT ASSETS 97,203 156,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,860

165,806

CREDITORS
Amounts falling due after more than one year 7 - (15,099 )

PROVISIONS FOR LIABILITIES (1,981 ) (2,093 )
NET ASSETS 103,879 148,614

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 103,875 148,610
SHAREHOLDERS' FUNDS 103,879 148,614

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

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

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

BALANCE SHEET - continued
31 December 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 2 April 2025 and were signed on its behalf by:





K Hayes - Director


AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

AKZ 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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

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 2 (2023 - 3 ) .

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 16,144 8,700 24,844
Additions - 1,082 1,082
At 31 December 2024 16,144 9,782 25,926
DEPRECIATION
At 1 January 2024 9,605 5,971 15,576
Charge for year 654 1,039 1,693
At 31 December 2024 10,259 7,010 17,269
NET BOOK VALUE
At 31 December 2024 5,885 2,772 8,657
At 31 December 2023 6,539 2,729 9,268

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 9,282 -
Other debtors 10,891 525
20,173 525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 10,648
Trade creditors 179 208
Taxation and social security 9,534 37,344
Other creditors 1,870 1,980
11,583 50,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 15,099

AKZ TIMBER LIMITED (REGISTERED NUMBER: 06910651)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K Hayes
Balance outstanding at start of year - -
Amounts advanced 5,445 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,445 -

Mrs S Hayes
Balance outstanding at start of year - -
Amounts advanced 5,446 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,446 -