Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31Wholesale of hardwood and clear softwoodfalsefalse162024-01-0116truetrue 01570409 2024-01-01 2024-12-31 01570409 2023-01-01 2023-12-31 01570409 2024-12-31 01570409 2023-12-31 01570409 c:Director1 2024-01-01 2024-12-31 01570409 d:Buildings 2024-01-01 2024-12-31 01570409 d:Buildings 2024-12-31 01570409 d:Buildings 2023-12-31 01570409 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01570409 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 01570409 d:MotorVehicles 2024-01-01 2024-12-31 01570409 d:MotorVehicles 2024-12-31 01570409 d:MotorVehicles 2023-12-31 01570409 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01570409 d:FurnitureFittings 2024-01-01 2024-12-31 01570409 d:FurnitureFittings 2024-12-31 01570409 d:FurnitureFittings 2023-12-31 01570409 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01570409 d:OfficeEquipment 2024-01-01 2024-12-31 01570409 d:OfficeEquipment 2024-12-31 01570409 d:OfficeEquipment 2023-12-31 01570409 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01570409 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 01570409 d:OtherPropertyPlantEquipment 2024-12-31 01570409 d:OtherPropertyPlantEquipment 2023-12-31 01570409 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01570409 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 01570409 d:CurrentFinancialInstruments 2024-12-31 01570409 d:CurrentFinancialInstruments 2023-12-31 01570409 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 01570409 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01570409 d:ShareCapital 2024-12-31 01570409 d:ShareCapital 2023-12-31 01570409 d:CapitalRedemptionReserve 2024-12-31 01570409 d:CapitalRedemptionReserve 2023-12-31 01570409 d:RetainedEarningsAccumulatedLosses 2024-12-31 01570409 d:RetainedEarningsAccumulatedLosses 2023-12-31 01570409 c:OrdinaryShareClass2 2024-01-01 2024-12-31 01570409 c:OrdinaryShareClass2 2024-12-31 01570409 c:OrdinaryShareClass2 2023-12-31 01570409 c:FRS102 2024-01-01 2024-12-31 01570409 c:Audited 2024-01-01 2024-12-31 01570409 c:FullAccounts 2024-01-01 2024-12-31 01570409 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01570409 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01570409 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01570409









NHG TIMBER LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
NHG TIMBER LIMITED
REGISTERED NUMBER: 01570409

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
296,225
197,535

Current assets
  

Debtors: amounts falling due within one year
 5 
4,428,843
3,831,854

Cash at bank and in hand
 6 
1,978,739
2,254,607

  
6,407,582
6,086,461

Creditors: amounts falling due within one year
 7 
(1,816,898)
(1,397,087)

Net current assets
  
 
 
4,590,684
 
 
4,689,374

Total assets less current liabilities
  
4,886,909
4,886,909

  

Net assets
  
4,886,909
4,886,909


Capital and reserves
  

Called up share capital 
 8 
100,000
100,000

Capital redemption reserve
  
1
1

Profit and loss account
  
4,786,908
4,786,908

  
4,886,909
4,886,909


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J G Goodwin
Director

Date: 11 April 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

NHG Timber Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 4 Eagle House, Cranleigh Close, Sanderstead, Surrey, CR2 9LH. The pricipal activity of the company during the year has been that of hardwood timber agents.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2% straight line
Freehold property improvements
-
20% straight line
Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
25% / 33% reducing balance
Software
-
Not yet depreciated, not ready for use

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

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

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
16
16


4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Office equipment
Software

£
£
£
£
£



Cost or valuation


At 1 January 2024
131,868
119,112
117,213
70,101
-


Additions
-
119,162
864
8,385
38,562


Disposals
-
-
(63,015)
(28,137)
-



At 31 December 2024

131,868
238,274
55,062
50,349
38,562



Depreciation


At 1 January 2024
80,406
6,347
102,827
51,179
-


Charge for the year
7,438
45,510
3,526
6,644
-


Disposals
-
-
(60,730)
(25,257)
-



At 31 December 2024

87,844
51,857
45,623
32,566
-



Net book value



At 31 December 2024
44,024
186,417
9,439
17,783
38,562



At 31 December 2023
51,462
112,765
14,386
18,922
-
Page 5

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2024
438,294


Additions
166,973


Disposals
(91,152)



At 31 December 2024

514,115



Depreciation


At 1 January 2024
240,759


Charge for the year
63,118


Disposals
(85,987)



At 31 December 2024

217,890



Net book value



At 31 December 2024
296,225



At 31 December 2023
197,535

Page 6

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
4,320,877
3,628,013

Amounts owed by group undertakings
-
72,926

Other debtors
21,062
81,256

Prepayments and accrued income
86,904
49,659

4,428,843
3,831,854



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,978,739
2,254,607

1,978,739
2,254,607



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
591,849
381,638

Amounts owed to group undertakings
76,455
-

Corporation tax
297,940
288,458

Other taxation and social security
283,972
245,115

Other creditors
285,013
211,254

Accruals and deferred income
281,669
270,622

1,816,898
1,397,087



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100,000 (2023 - 100,000) Ordinary "A" Share shares of £1.00 each
100,000
100,000


Page 7

 
NHG TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also contributes to personal pension schemes for certain employees. Costs charged to the profit and loss account amount to £98,836 (2023: £90,359). There are £Nil (2023: £Nil) contributions outstanding as at 31 December 2024.


10.Other financial commitments

The company has entered into various forward contracts before the year end in order to mitigate its exposure to foreign exchange gains and losses. The directors do not consider it necessary to disclose the commitments entered into as these can be cancelled at short notice and any charges incurred would not be material.


11.


Ultimate parent undertaking

The ultimate parent undertaking is NHG Group Limited.


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 11 April 2025 by Duncan Stannett (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 8