IRIS Accounts Production v25.1.4.42 04483698 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044836982023-09-30044836982024-09-30044836982023-10-012024-09-30044836982022-09-30044836982022-10-012023-09-30044836982023-09-3004483698ns15:EnglandWales2023-10-012024-09-3004483698ns14:PoundSterling2023-10-012024-09-3004483698ns10:Director12023-10-012024-09-3004483698ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004483698ns10:SmallEntities2023-10-012024-09-3004483698ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3004483698ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004483698ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004483698ns10:FullAccounts2023-10-012024-09-300448369812023-10-012024-09-3004483698ns10:Director22023-10-012024-09-3004483698ns10:Director32023-10-012024-09-3004483698ns10:RegisteredOffice2023-10-012024-09-3004483698ns5:CurrentFinancialInstruments2024-09-3004483698ns5:CurrentFinancialInstruments2023-09-3004483698ns5:Non-currentFinancialInstruments2024-09-3004483698ns5:Non-currentFinancialInstruments2023-09-3004483698ns5:ShareCapital2024-09-3004483698ns5:ShareCapital2023-09-3004483698ns5:RetainedEarningsAccumulatedLosses2024-09-3004483698ns5:RetainedEarningsAccumulatedLosses2023-09-3004483698ns5:NetGoodwill2023-10-012024-09-3004483698ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3004483698ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-3004483698ns5:PlantMachinery2023-10-012024-09-3004483698ns5:FurnitureFittings2023-10-012024-09-3004483698ns5:MotorVehicles2023-10-012024-09-3004483698ns5:ComputerEquipment2023-10-012024-09-3004483698ns5:NetGoodwill2023-09-3004483698ns5:NetGoodwill2024-09-3004483698ns5:NetGoodwill2023-09-3004483698ns5:LandBuildings2023-09-3004483698ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3004483698ns5:PlantMachinery2023-09-3004483698ns5:LandBuildings2023-10-012024-09-3004483698ns5:LandBuildings2024-09-3004483698ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-3004483698ns5:PlantMachinery2024-09-3004483698ns5:LandBuildings2023-09-3004483698ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3004483698ns5:PlantMachinery2023-09-3004483698ns5:FurnitureFittings2023-09-3004483698ns5:MotorVehicles2023-09-3004483698ns5:ComputerEquipment2023-09-3004483698ns5:FurnitureFittings2024-09-3004483698ns5:MotorVehicles2024-09-3004483698ns5:ComputerEquipment2024-09-3004483698ns5:FurnitureFittings2023-09-3004483698ns5:MotorVehicles2023-09-3004483698ns5:ComputerEquipment2023-09-3004483698ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3004483698ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 04483698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LISTERS TIMBER & BUILDERS MERCHANTS LTD

LISTERS TIMBER & BUILDERS MERCHANTS LTD (REGISTERED NUMBER: 04483698)






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


LISTERS TIMBER & BUILDERS MERCHANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C G Lister
A Lister
S F Kinch





REGISTERED OFFICE: The Timber Yard
High Street
Newton-on-Trent
Lincoln
Lincolnshire
LN1 2JP





REGISTERED NUMBER: 04483698 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Limited
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

LISTERS TIMBER & BUILDERS MERCHANTS LTD (REGISTERED NUMBER: 04483698)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 509,249 481,003
509,249 481,003

CURRENT ASSETS
Stocks 305,250 335,650
Debtors 5 119,349 80,199
Cash at bank and in hand 387,906 548,288
812,505 964,137
CREDITORS
Amounts falling due within one year 6 695,062 637,512
NET CURRENT ASSETS 117,443 326,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,692

807,628

CREDITORS
Amounts falling due after more than one year 7 (77,883 ) (107,278 )

PROVISIONS FOR LIABILITIES (43,806 ) (44,591 )
NET ASSETS 505,003 655,759

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 504,903 655,659
SHAREHOLDERS' FUNDS 505,003 655,759

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.

LISTERS TIMBER & BUILDERS MERCHANTS LTD (REGISTERED NUMBER: 04483698)

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 16 June 2025 and were signed on its behalf by:





C G Lister - Director


LISTERS TIMBER & BUILDERS MERCHANTS LTD (REGISTERED NUMBER: 04483698)

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

1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

LISTERS TIMBER & BUILDERS MERCHANTS LTD (REGISTERED NUMBER: 04483698)

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

1. 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 280,000
AMORTISATION
At 1 October 2023
and 30 September 2024 280,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2023 218,891 101,628 221,849
Additions - 33,661 31,897
Disposals - - (7,250 )
At 30 September 2024 218,891 135,289 246,496
DEPRECIATION
At 1 October 2023 - 17,880 168,587
Charge for year - 2,274 12,365
Eliminated on disposal - - (6,668 )
At 30 September 2024 - 20,154 174,284
NET BOOK VALUE
At 30 September 2024 218,891 115,135 72,212
At 30 September 2023 218,891 83,748 53,262

LISTERS TIMBER & BUILDERS MERCHANTS LTD (REGISTERED NUMBER: 04483698)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 101,957 175,826 33,858 854,009
Additions 3,188 17,495 - 86,241
Disposals - (26,381 ) - (33,631 )
At 30 September 2024 105,145 166,940 33,858 906,619
DEPRECIATION
At 1 October 2023 78,010 76,169 32,360 373,006
Charge for year 4,916 23,690 904 44,149
Eliminated on disposal - (13,117 ) - (19,785 )
At 30 September 2024 82,926 86,742 33,264 397,370
NET BOOK VALUE
At 30 September 2024 22,219 80,198 594 509,249
At 30 September 2023 23,947 99,657 1,498 481,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,473 70,006
Other debtors 11,876 10,193
119,349 80,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,987 12,820
Trade creditors 499,283 410,875
Taxation and social security 152,417 185,442
Other creditors 28,375 28,375
695,062 637,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,280 39,075
Other creditors 41,603 68,203
77,883 107,278