Bear Valley Timber Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
454,571
341,525
Cash at bank and in hand
169,253
120,532
Creditors: amounts falling due within one year
(167,349)
(138,065)
Net current assets
158,217
143,936
Total assets less current liabilities
612,788
485,461
Creditors: amounts falling due after more than one year
(191,400)
(145,885)
Provisions for liabilities
Deferred tax
(65,461)
(36,010)
Net assets
355,927
303,566
Called up share capital
100
100
Profit and loss account
355,827
303,466
Shareholders' funds
355,927
303,566
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by
Roanna Christy Claridge
Director
Company Registration No. 11579981
Bear Valley Timber Ltd
Notes to the Accounts
for the year ended 30 September 2024
Bear Valley Timber Ltd is a private company, limited by shares, registered in England and Wales, registration number 11579981. The registered office is Churchside, 62 Church Street, Broughton, Kettering, Northamptonshire, NN14 1LU, England.
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:
Plant & machinery
Straight Line Method over 5 years and over 10 years
Motor vehicles
Straight line method over 5 years
Fixtures & fittings
Straight line method over 5 years
Computer equipment
Straight Line Method over 3 years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
5,125
469,619
73,584
5,390
2,990
556,708
Additions
5,980
227,521
1,800
232
757
236,290
Disposals
(1,125)
(35,600)
(7,600)
-
-
(44,325)
At 30 September 2024
9,980
661,540
67,784
5,622
3,747
748,673
At 1 October 2023
1,655
176,389
31,506
3,243
2,390
215,183
Charge for the year
1,597
72,219
13,257
1,097
305
88,475
On disposals
(188)
(7,206)
(2,162)
-
-
(9,556)
At 30 September 2024
3,064
241,402
42,601
4,340
2,695
294,102
At 30 September 2024
6,916
420,138
25,183
1,282
1,052
454,571
At 30 September 2023
3,470
293,230
42,078
2,147
600
341,525
Bear Valley Timber Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
139,937
148,154
Accrued income and prepayments
2,760
2,729
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,644
10,644
Obligations under finance leases and hire purchase contracts
87,803
46,476
Trade creditors
6,635
12,512
Taxes and social security
14,562
18,630
Other creditors
2,059
4,730
Loans from directors
4,825
10,195
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
184,703
129,034
8
Deferred taxation
2024
2023
Accelerated capital allowances
65,461
36,010
Provision at start of year
36,010
-
Charged to the profit and loss account
29,451
36,010
Provision at end of year
65,461
36,010
9
Capital commitments
2024
2023
6 HP/Lease Agreements for Equipment payable over 24 - 48 month period
Bear Valley Timber Ltd
Notes to the Accounts
for the year ended 30 September 2024
10
Average number of employees
During the year the average number of employees was 8 (2023: 9).