2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 50,000 50,000 50,000 xbrli:pure xbrli:shares iso4217:GBP SC246405 2024-05-01 2025-04-30 SC246405 2025-04-30 SC246405 2024-04-30 SC246405 2023-05-01 2024-04-30 SC246405 2024-04-30 SC246405 2023-04-30 SC246405 core:LandBuildings core:LongLeaseholdAssets 2024-05-01 2025-04-30 SC246405 core:PlantMachinery 2024-05-01 2025-04-30 SC246405 core:MotorVehicles 2024-05-01 2025-04-30 SC246405 bus:Director1 2024-05-01 2025-04-30 SC246405 core:WithinOneYear 2025-04-30 SC246405 core:WithinOneYear 2024-04-30 SC246405 core:LandBuildings 2024-04-30 SC246405 core:PlantMachinery 2024-04-30 SC246405 core:MotorVehicles 2024-04-30 SC246405 core:LandBuildings 2025-04-30 SC246405 core:PlantMachinery 2025-04-30 SC246405 core:MotorVehicles 2025-04-30 SC246405 core:LandBuildings 2024-05-01 2025-04-30 SC246405 core:ShareCapital 2025-04-30 SC246405 core:ShareCapital 2024-04-30 SC246405 core:SharePremium 2024-04-30 SC246405 core:RetainedEarningsAccumulatedLosses 2025-04-30 SC246405 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC246405 core:CostValuation core:Non-currentFinancialInstruments 2025-04-30 SC246405 core:Non-currentFinancialInstruments 2025-04-30 SC246405 core:Non-currentFinancialInstruments 2024-04-30 SC246405 core:LandBuildings 2024-04-30 SC246405 core:PlantMachinery 2024-04-30 SC246405 core:MotorVehicles 2024-04-30 SC246405 bus:SmallEntities 2024-05-01 2025-04-30 SC246405 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 SC246405 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 SC246405 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 SC246405 bus:FullAccounts 2024-05-01 2025-04-30
COMPANY REGISTRATION NUMBER: SC246405
W A Timber & Co Ltd
Filleted Unaudited Financial Statements
30 April 2025
W A Timber & Co Ltd
Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
86,479
106,322
Investments
6
50,000
50,000
---------
---------
136,479
156,322
Current assets
Stocks
7,500
16,475
Debtors
7
2,625
13,464
Cash at bank and in hand
41,247
140,300
--------
---------
51,372
170,239
Creditors: amounts falling due within one year
8
23,267
11,644
--------
---------
Net current assets
28,105
158,595
---------
---------
Total assets less current liabilities
164,584
314,917
Provisions
Taxation including deferred tax
14,043
24,660
---------
---------
Net assets
150,541
290,257
---------
---------
Capital and reserves
Called up share capital
200
20,000
Share premium account
222,930
Profit and loss account
150,341
47,327
---------
---------
Shareholders funds
150,541
290,257
---------
---------
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 comprehensive income has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
W A Timber & Co Ltd
Statement of Financial Position (continued)
30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 30 May 2025 , and are signed on behalf of the board by:
Mr W Thomson
Director
Company registration number: SC246405
W A Timber & Co Ltd
Notes to the Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Rosearrie, Albert Place, Dufftown, AB55 4AY.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Corporation 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.
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:
Workshop
-
10% straight line
Plant and equipment
-
20% reducing balance
Vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2024
7,535
245,130
55,447
308,112
Additions
2,780
850
3,630
Disposals
( 43,567)
( 43,567)
--------
---------
--------
---------
At 30 April 2025
10,315
202,413
55,447
268,175
--------
---------
--------
---------
Depreciation
At 1 May 2024
6,068
177,888
17,834
201,790
Charge for the year
198
13,449
9,403
23,050
Disposals
( 43,144)
( 43,144)
--------
---------
--------
---------
At 30 April 2025
6,266
148,193
27,237
181,696
--------
---------
--------
---------
Carrying amount
At 30 April 2025
4,049
54,220
28,210
86,479
--------
---------
--------
---------
At 30 April 2024
1,467
67,242
37,613
106,322
--------
---------
--------
---------
6. Investments
Other investments other than loans
£
Cost
At 1 May 2024 and 30 April 2025
50,000
--------
Impairment
At 1 May 2024 and 30 April 2025
--------
Carrying amount
At 30 April 2025
50,000
--------
At 30 April 2024
50,000
--------
7. Debtors
2025
2024
£
£
Other debtors
2,625
13,464
-------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,808
10,228
Accruals and deferred income
925
835
Social security and other taxes
734
581
Director loan accounts
19,800
--------
--------
23,267
11,644
--------
--------