| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 30 January 2023 to 31 January 2024 |
| for |
| TimberX Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 30 January 2023 to 31 January 2024 |
| for |
| TimberX Limited |
| TimberX Limited (Registered number: 14624351) |
| Contents of the Financial Statements |
| for the Period 30 January 2023 to 31 January 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| TimberX Limited |
| Company Information |
| for the Period 30 January 2023 to 31 January 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Newland House |
| The Point |
| Weaver Road |
| LINCOLN |
| Lincolnshire |
| LN6 3QN |
| TimberX Limited (Registered number: 14624351) |
| Abridged Balance Sheet |
| 31 January 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 |
| TimberX Limited (Registered number: 14624351) |
| Notes to the Financial Statements |
| for the Period 30 January 2023 to 31 January 2024 |
| 1. | STATUTORY INFORMATION |
| TimberX Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Group accounts can be obtained from: |
| Kybotech Group Limited |
| Dukeries Industrial Estate, |
| Claylands Avenue, |
| WORKSOP, |
| Nottinghamshire, |
| S81 7BQ |
| Critical accounting judgements and key sources of estimation uncertainty |
| The financial statements are prepared to generally accepted accounting principles which requires management to make estimates and assumptions that affect assets and liabilities. Actual results could be different due to these estimates. The effect of any differences are reported at the time the information becomes available. |
| 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 |
| Plant and machinery etc | - |
| TimberX Limited (Registered number: 14624351) |
| Notes to the Financial Statements - continued |
| for the Period 30 January 2023 to 31 January 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows: |
| Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. |
| Cash at bank is classified as a basic financial instrument and is measured at transaction price. |
| Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest. |
| Taxation |
| Taxation for the period 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 30 January 2023 |
| and 31 January 2024 |
| NET BOOK VALUE |
| At 31 January 2024 |
| At 29 January 2023 |
| TimberX Limited (Registered number: 14624351) |
| Notes to the Financial Statements - continued |
| for the Period 30 January 2023 to 31 January 2024 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £1 | 100 |
| 6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 7. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of Kybotech Group Limited, and ultimately under the control of Mr E C Walton. |
| Consolidated accounts can be obtained from the address below: |
| Dukeries Industrial Estate, Claylands Avenue, |
| WORKSOP |
| Nottinghamshire, |
| S81 7BQ |