Holden Timber Engineering Ltd

Holden Timber Engineering Ltd
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 31 March 2025

Principal activities

The companys principal activity during the year was the manufacture and sale of engineered timber goods.

Directors

The directors who served the company throughout the year were as follows:

Russell Holden

Kevin Anderson

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
-    select suitable accounting policies and then apply them consistently
-    make judgements and accounting estimates that are reasonable and prudent
-    state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
-    prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Russell Holden
Director

Date approved: 30 May 2025

Registered Number: 03556948 Holden Timber Engineering Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,067,981	957,789
		1,067,981	957,789
Current assets
Stocks	4	195,900	120,500
Debtors	5	1,463,622	1,218,729
Cash at bank and in hand		882,160	1,024,473
		2,541,682	2,363,702
Creditors: amount falling due within one year	6	(959,070)	(822,699)
Net current assets		1,582,612	1,541,003

Total assets less current liabilities		2,650,593	2,498,792
Creditors: amount falling due after more than one year	7	(124,560)	-
Provisions for liabilities	8	(99,830)	(89,407)
Net assets		2,426,203	2,409,385

Capital and reserves
Called up share capital		18,000	18,000
Capital Redemption Reserve	9	2,000	2,000
Profit and loss account		2,406,203	2,389,385
Shareholders' funds		2,426,203	2,409,385

For the year ended 31 March 2025 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.
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.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 30 May 2025 and were signed on its behalf by:

-------------------------------
Russell Holden
Director

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Kevin Anderson
Director

Holden Timber Engineering Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Holden Timber Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 03556948, registration address Stonewall Farm, Lower Road, Hemingstone, Ipswich, IP69RT.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

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)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
No depreciation is charged on building improvements as it is considered that the estimated economic life would result in an immaterial charge.

Plant and Machinery	15% Reducing Balance
Improvements to property	0 Reducing Balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 12 (2024 : 12).

Tangible fixed assets

Cost or valuation	Improvements to property	Improvements to property	Total
	£	£	£
At 01 April 2024	892,747	484,468	1,377,215
Additions	175,874	-	175,874
Disposals	-	-	-
At 31 March 2025	1,068,621	484,468	1,553,089
Depreciation
At 01 April 2024	413,171	-	413,171
Charge for year	71,937	-	71,937
On disposals	-	-	-
At 31 March 2025	485,108	-	485,108
Net book values
Closing balance as at 31 March 2025	583,513	484,468	1,067,981
Opening balance as at 01 April 2024	473,321	484,468	957,789

The net book value of Improvements to property includes £ 161,759 in respect of assets leased under finance leases or hire purchase contracts.

Stocks

	2025 £		2024 £
Stocks	195,900		120,500
	195,900		120,500

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	233,294	203,004
Amount Owed by Group Undertakings	581,952	555,744
Prepayments & Accrued Income	34,132	-
Other Debtors	584,799	426,107
VAT	29,445	33,874
	1,463,622	1,218,729

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	868,987	746,182
Corporation Tax	27,752	59,389
PAYE & Social Security	22,131	14,083
Accrued Expenses	3,000	3,000
Other Creditors	-	45
Obligations under HP/Financial Leases	37,200	-
	959,070	822,699

Creditors: amount falling due after more than one year

	2025 £		2024 £
Obligations Under HP/Financial Leases	124,560		-
	124,560		-

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	99,830		89,407
	99,830		89,407

Capital Redemption Reserve

	2025 £		2024 £
Capital Redemption Reserve b/fwd	2,000		2,000
	2,000		2,000


Registered Number: 03556948
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2025
for
HOLDEN TIMBER ENGINEERING LTD