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REGISTERED NUMBER: 02625133 (England and Wales)















KAN-DOO TIMBER SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






KAN-DOO TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 02625133)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KAN-DOO TIMBER SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T G P Mursell
N P T Mursell
M Mursell





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 02625133 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

KAN-DOO TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 02625133)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 171,419 181,945

CURRENT ASSETS
Stocks 514,791 499,737
Debtors 5 79,474 106,851
Cash at bank and in hand 1,668,137 1,589,370
2,262,402 2,195,958
CREDITORS
Amounts falling due within one year 6 (183,218 ) (269,683 )
NET CURRENT ASSETS 2,079,184 1,926,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,250,603

2,108,220

PROVISIONS FOR LIABILITIES (27,376 ) (27,721 )
NET ASSETS 2,223,227 2,080,499

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,223,127 2,080,399
SHAREHOLDERS' FUNDS 2,223,227 2,080,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KAN-DOO TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 02625133)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:




T G P Mursell - Director



N P T Mursell - Director


KAN-DOO TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 02625133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Kan-Doo Timber Supplies 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Alterations leasehold property - Straight line over 7 years
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

KAN-DOO TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 02625133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Alterations
leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 182,663 188,507 88,179 1,706 461,055
Additions - 25,394 - - 25,394
Disposals - (22,053 ) - - (22,053 )
At 30 September 2024 182,663 191,848 88,179 1,706 464,396
DEPRECIATION
At 1 October 2023 139,332 99,336 39,673 769 279,110
Charge for year 7,482 15,932 12,126 380 35,920
Eliminated on disposal - (22,053 ) - - (22,053 )
At 30 September 2024 146,814 93,215 51,799 1,149 292,977
NET BOOK VALUE
At 30 September 2024 35,849 98,633 36,380 557 171,419
At 30 September 2023 43,331 89,171 48,506 937 181,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,087 96,785
Other debtors 11,387 10,066
79,474 106,851

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 78,879 115,920
Taxation and social security 78,730 126,615
Other creditors 25,609 27,148
183,218 269,683

KAN-DOO TIMBER SUPPLIES LIMITED (REGISTERED NUMBER: 02625133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. RELATED PARTY DISCLOSURES

All the directors and shareholders are related parties in respect of their control of the company.

The company rents the business premises from the directors and shareholders.