Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31true2024-01-01falseretailer of timber and building materials.44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4591827 2024-01-01 2024-12-31 4591827 2023-01-01 2023-12-31 4591827 2024-12-31 4591827 2023-12-31 4591827 2023-01-01 4591827 c:Director1 2024-01-01 2024-12-31 4591827 d:PlantMachinery 2024-01-01 2024-12-31 4591827 d:PlantMachinery 2024-12-31 4591827 d:PlantMachinery 2023-12-31 4591827 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4591827 d:MotorVehicles 2024-01-01 2024-12-31 4591827 d:MotorVehicles 2024-12-31 4591827 d:MotorVehicles 2023-12-31 4591827 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4591827 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 4591827 d:CurrentFinancialInstruments 2024-12-31 4591827 d:CurrentFinancialInstruments 2023-12-31 4591827 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 4591827 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 4591827 d:ShareCapital 2024-12-31 4591827 d:ShareCapital 2023-12-31 4591827 d:RetainedEarningsAccumulatedLosses 2024-12-31 4591827 d:RetainedEarningsAccumulatedLosses 2023-12-31 4591827 c:OrdinaryShareClass1 2024-01-01 2024-12-31 4591827 c:OrdinaryShareClass1 2024-12-31 4591827 c:OrdinaryShareClass1 2023-12-31 4591827 c:OrdinaryShareClass2 2024-01-01 2024-12-31 4591827 c:OrdinaryShareClass2 2024-12-31 4591827 c:OrdinaryShareClass2 2023-12-31 4591827 c:FRS102 2024-01-01 2024-12-31 4591827 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 4591827 c:FullAccounts 2024-01-01 2024-12-31 4591827 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 4591827 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 4591827 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 4591827 2 2024-01-01 2024-12-31 4591827 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 4591827









SOUTHEND TIMBER LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SOUTHEND TIMBER LIMITED
REGISTERED NUMBER: 4591827

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,546
33,855

Current assets
  

Stocks
 5 
40,139
41,904

Debtors: amounts falling due within one year
 6 
73,465
41,089

Cash at bank and in hand
 7 
19,913
23,737

  
133,517
106,730

Creditors: amounts falling due within one year
 8 
(155,482)
(128,472)

Net current liabilities
  
 
 
(21,965)
 
 
(21,742)

Total assets less current liabilities
  
10,581
12,113

Provisions for liabilities
  

Deferred tax
 9 
(6,330)
(6,432)

Net assets
  
4,251
5,681


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
4,151
5,581

  
4,251
5,681


Page 1

 
SOUTHEND TIMBER LIMITED
REGISTERED NUMBER: 4591827
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 July 2025.




Mr P Hobson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Southend Timber Limited is a private company limited by shares, incorporated in England and Wales, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex  RM3 8EN and the principal place of business is 648 Sutton Road, Rosshill Industrial Estate, Southend On Sea, Essex, SS1 5PX. The principal activity is that of a retailer of timber and building materials.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial information in the accounts is rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

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

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2024
82,943
39,426
122,369


Additions
227
6,500
6,727


Disposals
-
(8,720)
(8,720)



At 31 December 2024

83,170
37,206
120,376



Depreciation


At 1 January 2024
53,325
35,189
88,514


Charge for the year on owned assets
4,479
2,393
6,872


Disposals
-
(7,556)
(7,556)



At 31 December 2024

57,804
30,026
87,830



Net book value



At 31 December 2024
25,366
7,180
32,546



At 31 December 2023
29,618
4,237
33,855


5.


Stocks

2024
2023
£
£

Raw materials and consumables
40,139
41,904



6.


Debtors

2024
2023
£
£


Trade debtors
64,603
30,761

Prepayments and accrued income
8,862
10,328

73,465
41,089


Page 7

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
19,913
23,737



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
94,879
62,524

Corporation tax
5,858
7,571

Other taxation and social security
8,254
10,738

Other creditors
43,355
44,566

Accruals and deferred income
3,136
3,073

155,482
128,472



9.


Deferred taxation




2024
2023


£

£






At beginning of year
(6,432)
(7,658)


Released to profit or loss
102
1,226



At end of year
(6,330)
(6,432)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(6,330)
(6,432)

Page 8

 
SOUTHEND TIMBER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



60 (2023 - 60) Ordinary shares of £1.00 each
60
60
40 (2023 - 40) Ordinary A shares of £1.00 each
40
40

100

100

The Ordinary A shares of £1 each shall have equal rights to vote, capital on winding up and rank pari passu with Ordinary shares except for independent dividend rights which will be entirely at the discretion of the company.



11.


Pension commitments

The company operates a defined contribution pension scheme for the benefit of the directors and employees. The assets of the scheme are administered by trustees in a fund independent from those of the company. The total contributions paid in the year amounted to £653 (2023 - £3,691).  Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9