REGISTERED NUMBER: 00200500 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

John Gregory & Sons

(Timber Merchants) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Gregory

T M Leafe

SECRETARY:

T M Leafe

REGISTERED OFFICE:

Victoria Saw Mills

Old Road

Darley Dale

Matlock

Derbyshire

DE4 2ER

REGISTERED NUMBER:

00200500 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

13,644

19,718

CURRENT ASSETS

Stocks

42,017

56,926

Debtors

5

316,052

16,765

Cash at bank and in hand

333,042

77,799

691,111

151,490

CREDITORS

Amounts falling due within one year

6

8,798

10,196

NET CURRENT ASSETS

682,313

141,294

TOTAL ASSETS LESS CURRENT LIABILITIES

695,957

161,012

CAPITAL AND RESERVES

Called up share capital

5,273

5,273

Other reserves

11,791

11,791

Retained earnings

678,893

143,948

SHAREHOLDERS' FUNDS

695,957

161,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

J Gregory - Director

1.	STATUTORY INFORMATION

John Gregory & Sons (Timber Merchants) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured as the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

- 2% on cost

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 10% on reducing balance

Motor vehicles

- 20% on reducing balance

Computer equipment

- 33% on reducing balance

Included within the net book value of freehold property is land which is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items. Cost represents the invoiced cost of of materials on a first in first out basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

18,290

245,615

9,758

Additions

-

469

-

Disposals

(6,950

)

-

-

At 31 December 2024

11,340

246,084

9,758

DEPRECIATION

At 1 January 2024

3,746

242,260

9,287

Charge for year

104

538

47

Eliminated on disposal

(1,423

)

-

-

At 31 December 2024

2,427

242,798

9,334

NET BOOK VALUE

At 31 December 2024

8,913

3,286

424

At 31 December 2023

14,544

3,355

471

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

19,701

3,392

296,756

Additions

-

-

469

Disposals

-

-

(6,950

)

At 31 December 2024

19,701

3,392

290,275

DEPRECIATION

At 1 January 2024

18,793

2,952

277,038

Charge for year

182

145

1,016

Eliminated on disposal

-

-

(1,423

)

At 31 December 2024

18,975

3,097

276,631

NET BOOK VALUE

At 31 December 2024

726

295

13,644

At 31 December 2023

908

440

19,718

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

13,338

9,422

Other debtors

300,460

-

Prepayments

2,254

7,343

316,052

16,765

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,948

4,933

Social security and other taxes

1,325

2,215

Other creditors

835

-

Accrued expenses

2,690

3,048

8,798

10,196