Company Registration No. 11099831 (England and Wales)
Express Timber Wood Ltd
Unaudited accounts
for the year ended 31 December 2024
Express Timber Wood Ltd
Unaudited accounts
Contents
Express Timber Wood Ltd
Company Information
for the year ended 31 December 2024
Company Number
11099831 (England and Wales)
Registered Office
Hook Cliff Farm
Newark Hill, Great Gonerby
Grantham
NG31 8PA
Express Timber Wood Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
42,779
45,343
Inventories
135,840
108,675
Cash at bank and in hand
379,203
402,883
Creditors: amounts falling due within one year
(505,553)
(455,990)
Net current assets
59,698
69,262
Net assets
102,477
114,605
Called up share capital
10
10
Profit and loss account
102,467
114,595
Shareholders' funds
102,477
114,605
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 April 2025 and were signed on its behalf by
Aigars LAKSEVICS
Director
Company Registration No. 11099831
Express Timber Wood Ltd
Notes to the Accounts
for the year ended 31 December 2024
Express Timber Wood Ltd is a private company, limited by shares, registered in England and Wales, registration number 11099831. The registered office is Hook Cliff Farm, Newark Hill, Great Gonerby, Grantham, NG31 8PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
40,073
18,150
58,223
At 31 December 2024
43,176
18,150
61,326
At 1 January 2024
5,013
7,867
12,880
Charge for the year
3,816
1,851
5,667
At 31 December 2024
8,829
9,718
18,547
At 31 December 2024
34,347
8,432
42,779
At 31 December 2023
35,060
10,283
45,343
Amounts falling due within one year
Amounts falling due after more than one year
Express Timber Wood Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
104,562
434,539
Taxes and social security
(650)
(1,550)
Loans from directors
407,569
-
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).