IRIS Accounts Production v25.1.0.734 02042046 director 1.3.24 28.2.25 28.2.25 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020420462024-02-29020420462025-02-28020420462024-03-012025-02-28020420462023-02-28020420462023-03-012024-02-29020420462024-02-2902042046ns15:EnglandWales2024-03-012025-02-2802042046ns14:PoundSterling2024-03-012025-02-2802042046ns10:Director12024-03-012025-02-2802042046ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2802042046ns10:SmallEntities2024-03-012025-02-2802042046ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2802042046ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2802042046ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2802042046ns10:FullAccounts2024-03-012025-02-2802042046ns10:Director22024-03-012025-02-2802042046ns10:CompanySecretary12024-03-012025-02-2802042046ns10:RegisteredOffice2024-03-012025-02-2802042046ns5:CurrentFinancialInstruments2025-02-2802042046ns5:CurrentFinancialInstruments2024-02-2902042046ns5:ShareCapital2025-02-2802042046ns5:ShareCapital2024-02-2902042046ns5:RetainedEarningsAccumulatedLosses2025-02-2802042046ns5:RetainedEarningsAccumulatedLosses2024-02-2902042046ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-03-012025-02-2802042046ns5:PlantMachinery2024-03-012025-02-2802042046ns5:FurnitureFittings2024-03-012025-02-2802042046ns5:MotorVehicles2024-03-012025-02-2802042046ns5:LandBuildings2024-02-2902042046ns5:PlantMachinery2024-02-2902042046ns5:FurnitureFittings2024-02-2902042046ns5:MotorVehicles2024-02-2902042046ns5:LandBuildings2024-03-012025-02-2802042046ns5:LandBuildings2025-02-2802042046ns5:PlantMachinery2025-02-2802042046ns5:FurnitureFittings2025-02-2802042046ns5:MotorVehicles2025-02-2802042046ns5:LandBuildings2024-02-2902042046ns5:PlantMachinery2024-02-2902042046ns5:FurnitureFittings2024-02-2902042046ns5:MotorVehicles2024-02-2902042046ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2802042046ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2902042046ns5:DeferredTaxation2024-02-2902042046ns5:DeferredTaxation2025-02-2802042046ns5:RetainedEarningsAccumulatedLosses2024-03-012025-02-2802042046ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 02042046 (England and Wales)

















Financial Statements for the Year Ended 28 February 2025

for

Barnsley Timber Merchants Limited

Barnsley Timber Merchants Limited (Registered number: 02042046)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Barnsley Timber Merchants Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: D Walker





SECRETARY: D J Walker





REGISTERED OFFICE: Copia House
Great Cliffe Court
Barnsley
South Yorkshire
S75 3SP





REGISTERED NUMBER: 02042046 (England and Wales)





ACCOUNTANTS: SMH Reed Smith Ltd
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
S75 3SP

Barnsley Timber Merchants Limited (Registered number: 02042046)

Statement of Financial Position
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,012,299 1,021,339
Investment property 5 572,260 927,180
1,584,559 1,948,519

CURRENT ASSETS
Inventories 6 289,970 285,595
Debtors 7 123,412 138,622
Cash at bank and in hand 430,984 480,935
844,366 905,152
CREDITORS
Amounts falling due within one year 8 297,963 386,716
NET CURRENT ASSETS 546,403 518,436
TOTAL ASSETS LESS CURRENT LIABILITIES 2,130,962 2,466,955

PROVISIONS FOR LIABILITIES 9 252,093 296,731
NET ASSETS 1,878,869 2,170,224

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,878,865 2,170,220
SHAREHOLDERS' FUNDS 11 1,878,869 2,170,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Barnsley Timber Merchants Limited (Registered number: 02042046)

Statement of Financial Position - continued
28 February 2025


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 director and authorised for issue on 23 April 2025 and were signed by:





D Walker - Director


Barnsley Timber Merchants Limited (Registered number: 02042046)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Barnsley Timber Merchants 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks
Inventories 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 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.

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.

Barnsley Timber Merchants Limited (Registered number: 02042046)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

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 12 (2024 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2024 1,109,825 155,297 38,065 52,705 1,355,892
Additions - - - 56,740 56,740
Disposals - - - (52,705 ) (52,705 )
At 28 February 2025 1,109,825 155,297 38,065 56,740 1,359,927
DEPRECIATION
At 1 March 2024 212,347 67,576 26,631 27,999 334,553
Charge for year 18,154 8,773 1,144 13,003 41,074
Eliminated on disposal - - - (27,999 ) (27,999 )
At 28 February 2025 230,501 76,349 27,775 13,003 347,628
NET BOOK VALUE
At 28 February 2025 879,324 78,948 10,290 43,737 1,012,299
At 29 February 2024 897,478 87,721 11,434 24,706 1,021,339

Cost or valuation at 28 February 2025 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2004 120,525 - - - 120,525
Valuation in 2008 240,000 - - - 240,000
Valuation in 2017 97,793 - - - 97,793
Valuation in 2023 454,525 - - - 454,525
Cost 196,982 155,297 38,065 56,740 447,084
1,109,825 155,297 38,065 56,740 1,359,927

Barnsley Timber Merchants Limited (Registered number: 02042046)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. PROPERTY, PLANT AND EQUIPMENT - continued

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 196,982 196,982
Aggregate depreciation 83,385 79,604

Freehold land and Buildings were valued on an open market basis on 28 March 2023 by Carter Towler Chartered Surveyors .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 1,026,240
Disposals (379,641 )
At 28 February 2025 646,599
DEPRECIATION
At 1 March 2024 99,060
Charge for year 11,920
Eliminated on disposal (36,641 )
At 28 February 2025 74,339
NET BOOK VALUE
At 28 February 2025 572,260
At 29 February 2024 927,180

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2017 69,091
Valuation in 2023 325,360
Cost 252,148
646,599

Barnsley Timber Merchants Limited (Registered number: 02042046)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. INVESTMENT PROPERTY - continued

If Investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 252,148 397,703
Aggregate depreciation (53,850 ) (77,018 )

Investment properties were valued on an open market basis on 28 March 2023 by Carter Towler Chartered Surveyors .

6. INVENTORIES
2025 2024
£    £   
Goods for resale 289,970 285,595

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 99,928 99,414
Section 419 tax 55 55
Prepayments and other debtors 23,429 39,153
123,412 138,622

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 163,917 185,424
Amounts owed to group undertakings 7,534 108,475
Taxation and social security 98,652 63,220
Other creditors 27,860 29,597
297,963 386,716

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 252,093 296,731

Barnsley Timber Merchants Limited (Registered number: 02042046)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2024 296,731
Timing differences 2,278
Valuation freehold property (4,538 )
Valuation investment property (42,378 )
Balance at 28 February 2025 252,093

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D and Mrs A Walker by virtue of their shareholdings in the parent company Barnsley Timber Merchants (Holdings) Limited

11. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2025 2024
£    £   
Profit for the financial year 88,950 63,698
Dividends (380,305 ) (290,000 )
Net reduction of shareholders' funds (291,355 ) (226,302 )
Opening shareholders' funds 2,170,224 2,396,526
Closing shareholders' funds 1,878,869 2,170,224