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REGISTERED NUMBER: 03623426 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MAPLIN TIMBER SUPPLY CO LIMITED

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


MAPLIN TIMBER SUPPLY CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J J Cottham





SECRETARY: J J Cottham





REGISTERED OFFICE: 16 Stock Road
Southend on Sea
Essex
SS2 5QF





REGISTERED NUMBER: 03623426 (England and Wales)





ACCOUNTANTS: Howard & Stapleton
2nd Floor Offices
26-28 West Street
Market Square
Rochford
Essex
SS4 1AJ

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,278 35,038
26,278 35,038

CURRENT ASSETS
Stocks 6 80,867 75,357
Debtors 7 673,432 482,471
Cash at bank 961,359 1,138,412
1,715,658 1,696,240
CREDITORS
Amounts falling due within one year 8 281,612 286,435
NET CURRENT ASSETS 1,434,046 1,409,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,324

1,444,843

CREDITORS
Amounts falling due after more than one
year

9

(5,848

)

(11,139

)

PROVISIONS FOR LIABILITIES 10 (6,569 ) (8,759 )
NET ASSETS 1,447,907 1,424,945

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,447,905 1,424,943
SHAREHOLDERS' FUNDS 1,447,907 1,424,945

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 27 June 2025 and were signed by:





J J Cottham - Director


MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


1. STATUTORY INFORMATION

Maplin Timber Supply Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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.

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


2. ACCOUNTING POLICIES - continued

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
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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 6 (2023 - 6 ) .

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1,131
AMORTISATION
At 1 October 2023
and 30 September 2024 1,131
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 44,518 105,025 32,343 69,898 251,784
DEPRECIATION
At 1 October 2023 44,517 95,885 29,946 46,398 216,746
Charge for year - 2,285 600 5,875 8,760
At 30 September 2024 44,517 98,170 30,546 52,273 225,506
NET BOOK VALUE
At 30 September 2024 1 6,855 1,797 17,625 26,278
At 30 September 2023 1 9,140 2,397 23,500 35,038

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 25,950
DEPRECIATION
At 1 October 2023 11,353
Charge for year 3,649
At 30 September 2024 15,002
NET BOOK VALUE
At 30 September 2024 10,948
At 30 September 2023 14,597

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 80,867 75,357

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 247,714 288,235
Other debtors 155,535 41,185
Director's current account 264,613 144,596
Prepayments and accrued income 5,570 8,455
673,432 482,471

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 5,292 5,190
Trade creditors 211,114 167,104
Corporation tax 28,606 75,075
Social security and other taxes 1,994 2,855
VAT 20,024 24,773
Other creditors 14,582 11,438
281,612 286,435

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 5,848 11,139

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 6,569 8,759

Deferred
tax
£   
Balance at 1 October 2023 8,759
Credit to Income Statement during year (2,190 )
Balance at 30 September 2024 6,569

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

MAPLIN TIMBER SUPPLY CO LIMITED (REGISTERED NUMBER: 03623426)

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


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
J J Cottham
Balance outstanding at start of year 144,596 142,733
Amounts advanced 120,017 1,863
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 264,613 144,596

J J Cottham owns the freehold interest of the property that the company occupies. A rental charge of £20250 has been made for the period.

13. RELATED PARTY DISCLOSURES

There is a loan to Maplin Developments Limited, a company a controlled by J J Cottham that is unsecured and has no fixed repayment date. At the balance sheet date the sum outstanding was £127424 (2023 - £13135) and is included in other debtors in Note 8.

14. ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr J J Cottham who owns the entire share capital.