Registration number:
Sawmill Timber UK Ltd
for the Year Ended 31 October 2024
Sawmill Timber UK Ltd
(Registration number: 08696995)
Balance Sheet as at 31 October 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(200,401) |
(197,611) |
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Shareholders' deficit |
(200,301) |
(197,511) |
For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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......................................... |
Sawmill Timber UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
At the balance sheet date the company had net liabilities of £200,301. The director believe it to be appropriate to prepare the financial statements on the going concern basis, despite the fact that the company is technically insolvent at 31 October 2024. This is due to the continued support of the director to whom the company owes £212,606. The financial statements do not include any adjustments that would result from a withdrawal of this support.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant & Machinery |
20% SLM & 15% RB |
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Motor Vehicles |
15% reducing balance |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
over 5 years (fully written off) |
Sawmill Timber UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 November 2023 |
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At 31 October 2024 |
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Amortisation |
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At 1 November 2023 |
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At 31 October 2024 |
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Carrying amount |
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At 31 October 2024 |
- |
- |
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Tangible assets |
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Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 November 2023 |
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Additions |
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- |
- |
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Disposals |
- |
- |
( |
( |
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At 31 October 2024 |
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Depreciation |
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At 1 November 2023 |
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Charge for the year |
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- |
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Eliminated on disposal |
- |
- |
( |
( |
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At 31 October 2024 |
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Carrying amount |
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At 31 October 2024 |
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- |
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At 31 October 2023 |
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- |
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Sawmill Timber UK Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024
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Debtors |
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2024 |
2023 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Bank loans and overdrafts |
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Loans and borrowings |
12,256 |
14,594 |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
|
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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