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REGISTERED NUMBER: 10983298 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Nordic Timber Buildings Limited

Nordic Timber Buildings Limited (Registered number: 10983298)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nordic Timber Buildings Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D Richards





REGISTERED OFFICE: Unit 4 Silver End Industrial Estate
Brettell Lane
Brierley Hill
United Kingdom
DY5 3LA





REGISTERED NUMBER: 10983298 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Nordic Timber Buildings Limited (Registered number: 10983298)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,735 70,839

CURRENT ASSETS
Stocks 98,495 94,835
Debtors 5 - 10,406
Cash at bank 447,092 386,233
545,587 491,474
CREDITORS
Amounts falling due within one year 6 92,196 80,179
NET CURRENT ASSETS 453,391 411,295
TOTAL ASSETS LESS CURRENT LIABILITIES 571,126 482,134

CREDITORS
Amounts falling due after more than one year 7 37,111 24,604
NET ASSETS 534,015 457,530

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 534,014 457,529
SHAREHOLDERS' FUNDS 534,015 457,530

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:





D Richards - Director


Nordic Timber Buildings Limited (Registered number: 10983298)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Nordic Timber Buildings 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

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.

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 14 (2023 - 8 ) .

Nordic Timber Buildings Limited (Registered number: 10983298)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 14,799 68,269 83,068
Additions - 73,921 73,921
At 30 September 2024 14,799 142,190 156,989
DEPRECIATION
At 1 October 2023 1,479 10,750 12,229
Charge for year 2,664 24,361 27,025
At 30 September 2024 4,143 35,111 39,254
NET BOOK VALUE
At 30 September 2024 10,656 107,079 117,735
At 30 September 2023 13,320 57,519 70,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 10,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 28,365 -
Tax 6,941 28,788
Social security and other taxes 34,578 30,628
VAT 19,907 20,763
Accrued expenses 2,405 -
92,196 80,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 37,111 24,604

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £0.01 1 1

9. RESERVES
Retained
earnings
£   

At 1 October 2023 457,529
Profit for the year 76,485
At 30 September 2024 534,014

Nordic Timber Buildings Limited (Registered number: 10983298)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Richards.