Registered number
13016999
Scottwood Timber Limited
Filleted Accounts
30 November 2024
Scottwood Timber Limited
Registered number: 13016999
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 52,615 28,328
Current assets
Stocks 354,637 170,100
Debtors 4 215,496 105,832
Cash at bank and in hand 23,332 11,081
593,465 287,013
Creditors: amounts falling due within one year 5 (562,436) (290,505)
Net current assets/(liabilities) 31,029 (3,492)
Total assets less current liabilities 83,644 24,836
Provisions for liabilities (10,000) -
Net assets 73,644 24,836
Capital and reserves
Called up share capital 6 2 2
Profit and loss account 73,642 24,834
Shareholders' funds 73,644 24,836
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gair
Director
Approved by the board on 4 August 2025
Scottwood Timber Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The accounts are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance and 3 years straight line
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 December 2023 - 39,302 39,302
Additions 3,182 40,194 43,376
Disposals - (3,500) (3,500)
At 30 November 2024 3,182 75,996 79,178
Depreciation
At 1 December 2023 - 10,974 10,974
Charge for the year 852 16,760 17,612
On disposals - (2,023) (2,023)
At 30 November 2024 852 25,711 26,563
Net book value
At 30 November 2024 2,330 50,285 52,615
At 30 November 2023 - 28,328 28,328
4 Debtors 2024 2023
£ £
Trade debtors 206,713 105,832
Other debtors 8,783 -
215,496 105,832
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 456,800 249,773
Taxation and social security costs 50,993 6,458
Other creditors 54,643 34,274
562,436 290,505
6 Share capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 2 2
7 Other information
Scottwood Timber Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
1 Conyers Trading Estate
Lye
Stourbridge
West Midlands
DY9 8ER
Its registered number is: 13016999
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