Registration number: 09007953

Thaxters Timber and Forestry Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Thaxters Timber and Forestry Ltd

Company Information

Directors

S L Sands T W Schofield R E Smith

Company secretary

S L Sands

Registered office

Pippin Heath Farm Hunworth Road Holt Norfolk NR25 6SS

Accountants

Pacific Limited Chartered Accountants 1st Floor, Woburn House 84 St Benedicts Street Norwich Norfolk NR2 4AB

Thaxters Timber and Forestry Ltd

(Registration number: 09007953)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1	1
Tangible assets	5	60,822	69,846
		60,823	69,847
Current assets
Stocks		137,932	155,071
Debtors	6	63,275	27,640
Cash at bank and in hand		88,406	57,450
		289,613	240,161
Creditors: Amounts falling due within one year	7	(206,095)	(176,125)
Net current assets		83,518	64,036
Total assets less current liabilities		144,341	133,883
Creditors: Amounts falling due after more than one year	7	(13,059)	(7,342)
Provisions for liabilities		(13,435)	(12,904)
Net assets		117,847	113,637
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		117,747	113,537
Shareholders' funds		117,847	113,637

For the financial year ending 30 April 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

S L Sands Company secretary and director

T W Schofield Director

R E Smith Director

Thaxters Timber and Forestry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pippin Heath Farm
Hunworth Road
Holt
Norfolk
NR25 6SS

2	Accounting policies

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Thaxters Timber and Forestry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings and leasehold property improvements	20% straight line basis on buildings and over the period of the lease for leasehold property improvements
Motor vehicles	25% straight line basis
Plant, equipment and fixtures	20% straight line basis

Goodwill

Purchased goodwill is capitalised and amortised on a striaght line basis over its useful economic life of 5 years.

Cash
Cash comprises cash on hand and all deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3	Staff numbers

The average number of persons employed by the company during the year was 12 (2024 - 14).

Thaxters Timber and Forestry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Intangible assets

	Goodwill  £	Total £
Cost
At 1 May 2024	1	1
At 30 April 2025	1	1
Carrying amount
At 30 April 2025	1	1
At 30 April 2024	1	1

5	Tangible assets

	Buildings and leasehold property improvements £	Motor vehicles  £	Plant, equipment and fixtures £	Total £
Cost
At 1 May 2024	31,653	76,109	77,159	184,921
Additions	-	21,595	2,008	23,603
Disposals	-	(19,195)	-	(19,195)
At 30 April 2025	31,653	78,509	79,167	189,329
Depreciation
At 1 May 2024	25,896	39,153	50,026	115,075
Charge for the year	1,310	17,190	11,730	30,230
Eliminated on disposal	-	(16,798)	-	(16,798)
At 30 April 2025	27,206	39,545	61,756	128,507
Net book value
At 30 April 2025	4,447	38,964	17,411	60,822
At 30 April 2024	5,757	36,956	27,133	69,846

6

Debtors

	2025 £	2024 £
Trade debtors	59,644	22,937
Other debtors	950	2,200
Prepayments	2,681	2,503
	63,275	27,640

Thaxters Timber and Forestry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Bank loan	6,278	6,120
HP and finance lease liabilities	3,599	-
Trade creditors	63,241	78,278
Taxation and social security	47,841	30,909
Other creditors	45,529	14,752
Director current accounts	36,155	42,846
Accruals	3,452	3,220
	206,095	176,125