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REGISTERED NUMBER: 04384710 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Readshaw Timber Limited

Readshaw Timber Limited (Registered number: 04384710)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Readshaw Timber Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: C D Readshaw
Mrs C Readshaw
G Topper





SECRETARY: Mrs C Readshaw





REGISTERED OFFICE: High House Farm
Turner Lane
Addingham
West Yorkshire
LS29 0LJ





REGISTERED NUMBER: 04384710 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Readshaw Timber Limited (Registered number: 04384710)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 5 458,683 406,602

CURRENT ASSETS
Stocks 40,000 39,980
Debtors 6 502,404 438,859
Cash at bank 176,811 169,049
719,215 647,888
CREDITORS
Amounts falling due within one year 7 (437,380 ) (384,914 )
NET CURRENT ASSETS 281,835 262,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

740,518

669,576

CREDITORS
Amounts falling due after more than one
year

8

(202,409

)

(161,908

)

PROVISIONS FOR LIABILITIES 9 (97,955 ) (102,267 )
NET ASSETS 440,154 405,401

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 440,134 405,381
SHAREHOLDERS' FUNDS 440,154 405,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Readshaw Timber Limited (Registered number: 04384710)

Balance Sheet - continued
31 March 2025


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 July 2025 and were signed on its behalf by:





C D Readshaw - Director


Readshaw Timber Limited (Registered number: 04384710)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Readshaw Timber 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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.
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
Government grants are accounted for under the accrual model and presented in other operating income.

In the year to 31st March 2025, a grant was received from The Rural England Prosperity Fund which is funded by UK Government.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Readshaw Timber Limited (Registered number: 04384710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Readshaw Timber Limited (Registered number: 04384710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 14 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 59,394 730,587 46,786
Additions - 33,161 -
Disposals - - -
At 31 March 2025 59,394 763,748 46,786
DEPRECIATION
At 1 April 2024 5,401 541,641 43,151
Charge for year 1,340 35,971 909
Eliminated on disposal - - -
At 31 March 2025 6,741 577,612 44,060
NET BOOK VALUE
At 31 March 2025 52,653 186,136 2,726
At 31 March 2024 53,993 188,946 3,635

Readshaw Timber Limited (Registered number: 04384710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 236,706 16,871 1,090,344
Additions 125,795 5,113 164,069
Disposals - (298 ) (298 )
At 31 March 2025 362,501 21,686 1,254,115
DEPRECIATION
At 1 April 2024 78,001 15,548 683,742
Charge for year 71,125 2,370 111,715
Eliminated on disposal - (25 ) (25 )
At 31 March 2025 149,126 17,893 795,432
NET BOOK VALUE
At 31 March 2025 213,375 3,793 458,683
At 31 March 2024 158,705 1,323 406,602

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 165,225
Additions 125,795
At 31 March 2025 291,020
DEPRECIATION
At 1 April 2024 31,624
Charge for year 64,849
At 31 March 2025 96,473
NET BOOK VALUE
At 31 March 2025 194,547
At 31 March 2024 133,601

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 495,947 385,536
Prepayments 6,457 53,323
502,404 438,859

Readshaw Timber Limited (Registered number: 04384710)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 65,050 30,400
Trade creditors 176,905 206,753
Tax 69,700 75,773
Social security and other taxes 102,685 48,815
Other creditors 5,217 2,958
Accrued expenses 7,823 10,215
437,380 384,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 1,667 11,667
Hire purchase contracts 200,742 150,241
202,409 161,908

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 97,955 102,267

Deferred
tax
£   
Balance at 1 April 2024 102,267
Credit to Statement of Income and Retained Earnings during year (4,312 )
Balance at 31 March 2025 97,955

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
10 Ordinary £1 10 10
8 Ordinary A £1 8 8
2 Ordinary B £1 2 2
20 20

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Readshaw Timber Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Readshaw Timber Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Readshaw Timber Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Readshaw Timber Limited and state those matters that we have agreed to state to the Board of Directors of Readshaw Timber Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Readshaw Timber Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Readshaw Timber Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Readshaw Timber Limited. You consider that Readshaw Timber Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Readshaw Timber Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


16 July 2025