Coquetdale Timber Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14874280

		31 May 2025		31 May 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		208,452		224,920

			208,452		224,920
CURRENT ASSETS
Stocks		7,544		4,976
Debtors	5	35,713		17,132
Cash at bank and in hand		28,579		19,396

		71,836		41,504
Creditors: Amounts Falling Due Within One Year	6	(250,945 )		(255,432 )

NET CURRENT ASSETS (LIABILITIES)			(179,109 )		(213,928 )

TOTAL ASSETS LESS CURRENT LIABILITIES			29,343		10,992

PROVISIONS FOR LIABILITIES
Deferred Taxation			(39,606 )		(37,250 )

NET LIABILITIES			(10,263 )		(26,258 )

CAPITAL AND RESERVES
Called up share capital	7		145		145
Profit and Loss Account			(10,408 )		(26,403 )

SHAREHOLDERS' FUNDS			(10,263)		(26,258)

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Coquetdale Timber Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Robson

Director

20/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Coquetdale Timber Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14874280 . The registered office is Hepple Whitefield Farm, Hepple, Morpeth, NE65 7LN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Coquetdale Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 June 2024	171,726	80,000	251,726
Additions	24,488	-	24,488
Disposals	(5,750 )	-	(5,750 )

As at 31 May 2025	190,464	80,000	270,464

Depreciation
As at 1 June 2024	18,430	8,376	26,806
Provided during the period	25,155	10,743	35,898
Disposals	(692 )	-	(692 )

As at 31 May 2025	42,893	19,119	62,012

Net Book Value
As at 31 May 2025	147,571	60,881	208,452

As at 1 June 2024	153,296	71,624	224,920

5. Debtors

	31 May 2025	31 May 2024
	£	£
Due within one year
Trade debtors	4,063	6,660
Other debtors	31,650	10,472

	35,713	17,132

6. Creditors: Amounts Falling Due Within One Year

	31 May 2025	31 May 2024
	£	£
Trade creditors	-	5,862
Other creditors	240,195	249,570
Taxation and social security	10,750	-

	250,945	255,432

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Coquetdale Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Share Capital

	31 May 2025	31 May 2024
	£	£
Allotted, Called up and fully paid	145	145

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