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Registration number: 08696995

Sawmill Timber UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Sawmill Timber UK Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Sawmill Timber UK Ltd

(Registration number: 08696995)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

102,804

105,486

Current assets

 

Stocks

50,000

50,000

Debtors

6

3,067

3,067

Cash at bank and in hand

 

160

-

 

53,227

53,067

Creditors: Amounts falling due within one year

7

(312,734)

(294,179)

Net current liabilities

 

(259,507)

(241,112)

Total assets less current liabilities

 

(156,703)

(135,626)

Creditors: Amounts falling due after more than one year

7

(43,598)

(61,885)

Net liabilities

 

(200,301)

(197,511)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(200,401)

(197,611)

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

.........................................
Mr Colin Edward Clark
Director

 

Sawmill Timber UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sawmill Timber UK Ltd
Ward Lane
Stanley
Wakefield
WF3 4LU

These financial statements were authorised for issue by the Board on 29 July 2025.

2

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:

Asset class

Depreciation method and rate

Plant & Machinery

20% SLM & 15% RB

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:

Asset class

Amortisation method and rate

Goodwill

over 5 years (fully written off)

 

Sawmill Timber UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 11).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

5,800

5,800

At 31 October 2024

5,800

5,800

Amortisation

At 1 November 2023

5,800

5,800

At 31 October 2024

5,800

5,800

Carrying amount

At 31 October 2024

-

-

5

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

71,818

1,233

181,322

254,373

Additions

19,989

-

-

19,989

Disposals

-

-

(10,625)

(10,625)

At 31 October 2024

91,807

1,233

170,697

263,737

Depreciation

At 1 November 2023

56,517

1,233

91,137

148,887

Charge for the year

8,313

-

9,391

17,704

Eliminated on disposal

-

-

(5,658)

(5,658)

At 31 October 2024

64,830

1,233

94,870

160,933

Carrying amount

At 31 October 2024

26,977

-

75,827

102,804

At 31 October 2023

15,301

-

90,185

105,486

 

Sawmill Timber UK Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Debtors

2024
£

2023
£

Trade debtors

100

100

Prepayments

2,041

2,041

Other debtors

926

926

3,067

3,067

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

16,252

12,732

Loans and borrowings

 

12,256

14,594

Trade creditors

 

46,186

37,621

Taxation and social security

 

22,268

20,530

Accruals and deferred income

 

4,157

1,750

Other creditors

 

211,615

206,952

 

312,734

294,179

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

43,598

61,885