REGISTERED NUMBER: 01407772 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ST ANNES TIMBER SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S E Barnacle

Ms C A Naftel

Mr C D Naftel

Mr J N Naftel

REGISTERED OFFICE:

St Annes Timber Supplies Ltd

45-47 St David's Road South

Lytham St Annes

Lancashire

FY8 1TJ

REGISTERED NUMBER:

01407772 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

BANKERS:

HSBC Bank plc

6 Clifton Square

Lytham St. Annes

Lancashire

FY8 5JU

FIXED ASSETS

Tangible assets

4

60,246

66,377

Investment property

5

100,000

100,000

160,246

166,377

CURRENT ASSETS

Stocks

79,000

79,000

Debtors

6

31,108

39,209

Cash at bank

40,171

31,682

150,279

149,891

CREDITORS

Amounts falling due within one year

7

55,870

46,178

NET CURRENT ASSETS

94,409

103,713

TOTAL ASSETS LESS CURRENT LIABILITIES

254,655

270,090

CREDITORS

Amounts falling due after more than one year

8

(12,539

)

(19,207

)

PROVISIONS FOR LIABILITIES

10

(5,490

)

(1,070

)

NET ASSETS

236,626

249,813

CAPITAL AND RESERVES

Called up share capital

11

4,502

4,502

Retained earnings

12

232,124

245,311

SHAREHOLDERS' FUNDS

236,626

249,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2025 and were signed on its behalf by:

Ms C A Naftel - Director

1.	STATUTORY INFORMATION

St Annes Timber Supplies 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 at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transfered to them.

Tangible fixed assets

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

Long leasehold

-

2% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value of investment properties are included in the profit and loss in the period in which they arise.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

89,332

28,252

13,301

15,114

145,999

Disposals

-

-

(1,994

)

-

(1,994

)

At 31 March 2025

89,332

28,252

11,307

15,114

144,005

DEPRECIATION

At 1 April 2024

42,933

22,199

10,711

3,779

79,622

Charge for year

928

1,211

371

2,834

5,344

Eliminated on disposal

-

-

(1,207

)

-

(1,207

)

At 31 March 2025

43,861

23,410

9,875

6,613

83,759

NET BOOK VALUE

At 31 March 2025

45,471

4,842

1,432

8,501

60,246

At 31 March 2024

46,399

6,053

2,590

11,335

66,377

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 March 2024

100,000

The investment property is valued on an open market basis by the directors.

The investment property was revalued to £100,000 (cost £85,879) on 31 March 2025 by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

25,505

32,669

Tax

-

1,257

Prepayments and accrued income

5,603

5,283

31,108

39,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

6,113

6,113

Trade creditors

36,966

24,527

Social security and other taxes

3,306

2,950

VAT

6,759

9,628

Other creditors

331

630

Accrued expenses

2,395

2,330

55,870

46,178

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

6,113

6,113

Bank loans - 2-5 years

6,426

13,094

12,539

19,207

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

18,652

25,320

The bank loan is secured on the investment property, 49 St Davids Road South Lytham St Annes FY8 1TJ.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

5,490

1,070

Deferred

tax

£

Balance at 1 April 2024

1,070

Accelerated capital allowances

4,420

Balance at 31 March 2025

5,490

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

4,502

Ordinary

£1

4,502

4,502

12.

RESERVES

Retained

earnings

£

At 1 April 2024

245,311

Deficit for the year

(13,187

)

At 31 March 2025

232,124

13.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital of the company.