37 false false false false false false false false false false true false false true true true true No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC077600 2024-01-01 2024-12-31 SC077600 2024-12-31 SC077600 2023-12-31 SC077600 2023-01-01 2023-12-31 SC077600 2023-12-31 SC077600 2022-12-31 SC077600 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 SC077600 core:PlantMachinery 2024-01-01 2024-12-31 SC077600 core:FurnitureFittings 2024-01-01 2024-12-31 SC077600 core:MotorVehicles 2024-01-01 2024-12-31 SC077600 bus:Director5 2024-01-01 2024-12-31 SC077600 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 SC077600 core:PlantMachinery 2023-12-31 SC077600 core:FurnitureFittingsToolsEquipment 2023-12-31 SC077600 core:MotorVehicles 2023-12-31 SC077600 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-31 SC077600 core:PlantMachinery 2024-12-31 SC077600 core:FurnitureFittingsToolsEquipment 2024-12-31 SC077600 core:MotorVehicles 2024-12-31 SC077600 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 SC077600 core:WithinOneYear 2024-12-31 SC077600 core:WithinOneYear 2023-12-31 SC077600 core:AfterOneYear 2024-12-31 SC077600 core:ShareCapital 2024-12-31 SC077600 core:ShareCapital 2023-12-31 SC077600 core:RevaluationReserve 2024-12-31 SC077600 core:RevaluationReserve 2023-12-31 SC077600 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC077600 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC077600 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 SC077600 core:PlantMachinery 2023-12-31 SC077600 core:FurnitureFittingsToolsEquipment 2023-12-31 SC077600 core:MotorVehicles 2023-12-31 SC077600 bus:SmallEntities 2024-01-01 2024-12-31 SC077600 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC077600 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC077600 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC077600 bus:FullAccounts 2024-01-01 2024-12-31 SC077600 core:ComputerEquipment 2024-01-01 2024-12-31 SC077600 core:LeaseholdImprovements 2024-01-01 2024-12-31 SC077600 core:LeaseholdImprovements 2023-12-31 SC077600 core:LeaseholdImprovements 2024-12-31
COMPANY REGISTRATION NUMBER: SC077600
All Timberlines Limited
Filleted Unaudited Financial Statements
31 December 2024
All Timberlines Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed Assets
Tangible assets
5
1,154,725
1,088,773
Current Assets
Stocks
73,236
101,701
Debtors
6
4,561,742
1,588,949
Cash at bank and in hand
212,600
2,667,858
------------
------------
4,847,578
4,358,508
Creditors: amounts falling due within one year
7
2,611,236
1,208,625
------------
------------
Net Current Assets
2,236,342
3,149,883
------------
------------
Total Assets Less Current Liabilities
3,391,067
4,238,656
Creditors: amounts falling due after more than one year
8
1,229,791
------------
------------
Net Assets
2,161,276
4,238,656
------------
------------
Capital and Reserves
Called up share capital
1,200
1,200
Revaluation reserve
1,291,161
1,291,161
Profit and loss account
868,915
2,946,295
------------
------------
Shareholders Funds
2,161,276
4,238,656
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
All Timberlines Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
P Rushton
Director
Company registration number: SC077600
All Timberlines Limited
Notes to the Financial Statements
Year Ended 31 December 2024
1. General Information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Lyndon House Kirkton Drive, Pitmedden Industrial Est. Dyce, Aberdeen, Aberdeenshire, AB21 0BG, Scotland.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure Exemptions
The entity satisfies the criteria of being a small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: a) No cash flow statement has been presented for the company. b) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The directors do not consider there to be any material judgments, estimates or assumptions that affect the amounts reported.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
4% straight line
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Property improvements
-
4% straight line
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 37 (2023: 35 ).
5. Tangible Assets
Freehold property
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Property improvements
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
1,464,289
326,354
50,499
271,613
53,419
2,166,174
Additions
34,488
18,893
65,000
56,030
174,411
Disposals
( 98,220)
( 98,220)
------------
---------
--------
---------
---------
------------
At 31 Dec 2024
1,464,289
360,842
69,392
238,393
109,449
2,242,365
------------
---------
--------
---------
---------
------------
Depreciation
At 1 Jan 2024
527,147
266,747
35,925
232,095
15,487
1,077,401
Charge for the year
58,570
21,461
4,698
17,709
2,547
104,985
Disposals
( 94,746)
( 94,746)
------------
---------
--------
---------
---------
------------
At 31 Dec 2024
585,717
288,208
40,623
155,058
18,034
1,087,640
------------
---------
--------
---------
---------
------------
Carrying amount
At 31 Dec 2024
878,572
72,634
28,769
83,335
91,415
1,154,725
------------
---------
--------
---------
---------
------------
At 31 Dec 2023
937,142
59,607
14,574
39,518
37,932
1,088,773
------------
---------
--------
---------
---------
------------
6. Debtors
2024
2023
£
£
Trade debtors
1,426,988
1,512,388
Amounts owed by group undertakings
3,058,843
Other debtors
75,911
76,561
------------
------------
4,561,742
1,588,949
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,521,914
Trade creditors
499,406
463,101
Corporation tax
303,836
390,379
Social security and other taxes
200,546
284,353
Accruals
58,172
43,430
Other creditors
27,362
27,362
------------
------------
2,611,236
1,208,625
------------
------------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
1,229,791
------------
----
9. Related Parties
The company is wholly owned by its parent entity, Acquire-X Limited, which holds 100% of its share capital. At 31 December 2024, the company was owed a balance of £3,058,843 from this entity which is presented as an asset in the financial statements. During the year, an expense of £70,000 had been incurred by the company with Acquire-X Limited. In addition, the company paid dividends to Acquire-X Limited in the year totalling £3,000,000.
Apart from this, there were no other transactions with related parties during the year.