Dask Timber Products Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: NI009563

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,960		6,960
Tangible Assets	5		607,314		646,581

			614,274		653,541
CURRENT ASSETS
Stocks	6	267,025		264,150
Debtors	7	160,272		337,710
Cash at bank and in hand		13,751		37,251

		441,048		639,111
Creditors: Amounts Falling Due Within One Year	8	(377,852 )		(550,150 )

NET CURRENT ASSETS (LIABILITIES)			63,196		88,961

TOTAL ASSETS LESS CURRENT LIABILITIES			677,470		742,502

Creditors: Amounts Falling Due After More Than One Year	9		(35,530 )		(70,577 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(68,093 )		(71,664 )

NET ASSETS			573,847		600,261

CAPITAL AND RESERVES
Called up share capital	10		114,000		114,000
Profit and Loss Account			459,847		486,261

SHAREHOLDERS' FUNDS			573,847		600,261

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Dask Timber Products Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 Stephen Clarke Director	Mr David Clarke Director
30 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Dask Timber Products Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI009563 . The registered office is 80 Moss Road, Banbridge, County Down, BT32 3NZ.

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.

The financial statements are prepared in sterling which is the functional curreny ofthe entity rounded to the nearest pound.

2.2. 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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

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:

Freehold	2% on cost
Plant & Machinery	5% on cost
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	5% on cost

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. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Dask Timber Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. 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.

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.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2023: 23)

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 January 2024	6,960

As at 31 December 2024	6,960

Net Book Value
As at 31 December 2024	6,960

As at 1 January 2024	6,960

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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Dask Timber Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	253,741	1,214,545	29,650	16,700	1,514,636
Additions	-	-	12,500	1,834	14,334
Disposals	-	(28,866 )	(29,650 )	(1,387 )	(59,903 )

As at 31 December 2024	253,741	1,185,679	12,500	17,147	1,469,067

Depreciation
As at 1 January 2024	-	833,045	27,079	7,931	868,055
Provided during the period	-	21,861	1,424	826	24,111
Disposals	-	(2,104 )	(27,722 )	(587 )	(30,413 )

As at 31 December 2024	-	852,802	781	8,170	861,753

Net Book Value
As at 31 December 2024	253,741	332,877	11,719	8,977	607,314

As at 1 January 2024	253,741	381,500	2,571	8,769	646,581

6. Stocks

	2024	2023
	£	£
Stock	267,025	264,150

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	126,159	271,123
Other debtors	34,113	66,587

	160,272	337,710

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	272,362	339,334
Bank loans and overdrafts	40,875	143,513
Other creditors	5,836	6,032
Taxation and social security	58,779	61,271

	377,852	550,150

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Dask Timber Products Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	24,820	15,198
Other creditors	10,710	55,379

	35,530	70,577

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	114,000	114,000

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Stephen Clarke	52,016	78,792	130,808	-	-
Mr David Clarke	(18,241 )	78,653	60,487	(75)	-

The above loan is unsecured, and the directors have been charged interest at 2% and is repayable on demand.

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