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Ashwood Timber Products Ltd
Registered Number:11767519
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2025
Ashwood Timber Products Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11767519
As at 31 January 2025
Ashwood Timber Products Ltd
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
7,597
5,881
2
7,597
5,881
Current assets
Inventories
90,000
80,000
3
Trade and other receivables
15,095
30,274
4
16,001
Cash and cash equivalents
3,000
113,274
121,096
Trade and other payables: amounts falling due within one year
(81,917)
(83,082)
5
39,179
30,192
Net current assets
Total assets less current liabilities
37,789
45,060
Trade and other payables: amounts falling due after more than
one year
(37,231)
(31,883)
6
(1,443)
(1,118)
Provisions for liabilities
4,463
Net assets
6,711
Capital and reserves
Called up share capital
99
99
Retained earnings
4,364
6,612
4,463
6,711
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
11767519
For the year ended 31 January 2025
Ashwood Timber Products Ltd
Statement of Financial Position Continued
Mrs Rolana Wright Director
These financial statements were approved and authorised for issue by the Board on 27 October 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 January 2025
Ashwood Timber Products Ltd
Notes to the Financial Statements
Statutory Information
Ashwood Timber Products Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11767519.
Registered address:
Ashwood Factory
Anchor Road
Longton
Staffordshire
ST3 1NF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Furniture and Fittings
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 January 2025
Ashwood Timber Products Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or valuation
At 01 February 2024
16,574
6,000
10,574
4,250
4,250
-
Additions
At 31 January 2025
10,574
10,250
20,824
Provision for depreciation and impairment
At 01 February 2024
10,693
4,102
6,591
Charge for year
2,534
1,538
996
At 31 January 2025
13,227
5,640
7,587
At 31 January 2025
Net book value
2,987
4,610
7,597
At 31 January 2024
3,983
1,898
5,881
3. Inventories
2024
2025
£
£
Stocks
80,000
90,000
4. Trade and other receivables
2024
2025
£
£
Trade debtors
30,241
10,527
Other debtors
33
4,568
15,095
30,274
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft
10,306
7,130
Trade creditors
60,407
29,985
Taxation and social security
9,703
41,773
Other creditors
2,666
3,029
83,082
81,917
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7
For the year ended 31 January 2025
Ashwood Timber Products Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft
31,883
37,231
7. Average number of persons employed
During the year the average number of employees was 5 (2024 : 5)
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