Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Ian Barton 03/04/2009 Alison Barton 03/04/2009 04 November 2025 The principle activity of the Company during the financial year was the sale of timber supplies. SC357720 2025-03-31 SC357720 bus:Director1 2025-03-31 SC357720 bus:Director2 2025-03-31 SC357720 2024-03-31 SC357720 core:CurrentFinancialInstruments 2025-03-31 SC357720 core:CurrentFinancialInstruments 2024-03-31 SC357720 core:ShareCapital 2025-03-31 SC357720 core:ShareCapital 2024-03-31 SC357720 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC357720 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC357720 core:PlantMachinery 2024-03-31 SC357720 core:Vehicles 2024-03-31 SC357720 core:FurnitureFittings 2024-03-31 SC357720 core:ComputerEquipment 2024-03-31 SC357720 core:PlantMachinery 2025-03-31 SC357720 core:Vehicles 2025-03-31 SC357720 core:FurnitureFittings 2025-03-31 SC357720 core:ComputerEquipment 2025-03-31 SC357720 bus:OrdinaryShareClass1 2025-03-31 SC357720 2024-04-01 2025-03-31 SC357720 bus:FilletedAccounts 2024-04-01 2025-03-31 SC357720 bus:SmallEntities 2024-04-01 2025-03-31 SC357720 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC357720 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC357720 bus:Director1 2024-04-01 2025-03-31 SC357720 bus:Director2 2024-04-01 2025-03-31 SC357720 core:PlantMachinery 2024-04-01 2025-03-31 SC357720 core:Vehicles 2024-04-01 2025-03-31 SC357720 core:FurnitureFittings 2024-04-01 2025-03-31 SC357720 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-31 SC357720 2023-04-01 2024-03-31 SC357720 core:ComputerEquipment 2024-04-01 2025-03-31 SC357720 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 SC357720 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC357720 (Scotland)

# CRAIGIEVAR TIMBER LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

CRAIGIEVAR TIMBER LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

CRAIGIEVAR TIMBER LIMITED

## BALANCE SHEET

AS AT 31 MARCH 2025
CRAIGIEVAR TIMBER LIMITED

## BALANCE SHEET (continued)

AS AT 31 MARCH 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,162 |  | 2,721
|  | 1,162 |  | 2,721
Current assets |  |  |  |
Stocks |  | 362,783 |  | 307,956
Debtors | 4 | 115,327 |  | 122,739
Cash at bank and in hand |  | 51,999 |  | 122,847
|  | 530,109 |  | 553,542
Creditors: amounts falling due within one year | 5 | ( 303,686) |  | ( 336,206)
Net current assets |  | 226,423 |  | 217,336
Total assets less current liabilities |  | 227,585 |  | 220,057
Provision for liabilities | 6 | ( 205) |  | ( 595)
Net assets |  | 227,380 |  | 219,462
Capital and reserves |  |  |  |
Called-up share capital | 7 | 2 |  | 2
Profit and loss account |  | 227,378 |  | 219,460
Total shareholders' funds |  | 227,380 |  | 219,462

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Craigievar Timber Limited (registered number: SC357720) were approved and authorised for issue by the Board of Directors on 04 November 2025. They were signed on its behalf by:

Ian Barton Director |

CRAIGIEVAR TIMBER LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
CRAIGIEVAR TIMBER LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Craigievar Timber Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Mile-End Millan View, Lumphanan, By Banchory, AB31 4SF, United Kingdom. The principal place of business is Muir of Fowlis, Alford, AB33 8JU.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover represents amounts receivable from the sale of timber supplies net of VAT. Turnover is recognised on the accruals basis.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Fixtures and fittings | 20 % reducing balance
Computer equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases, including any lease incentives received, are charged to profit or loss on a straight-line basis over the term of the relevant lease except where another more systematic bases is more representative of the time pattern in which economic benefits from the leases asset are consumed.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 6

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 April 2024 | 3,781 |  | 16,849 |  | 575 |  | 3,724 |  | 24,929
Disposals | 0 |  | ( 16,850) |  | 0 |  | 0 |  | ( 16,850)
At 31 March 2025 | 3,781 |  | ( 1) |  | 575 |  | 3,724 |  | 8,079
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 April 2024 | 3,527 |  | 15,901 |  | 548 |  | 2,232 |  | 22,208
Charge for the financial year | 64 |  | 237 |  | 5 |  | 541 |  | 847
Disposals | 0 |  | ( 16,138) |  | 0 |  | 0 |  | ( 16,138)
At 31 March 2025 | 3,591 |  | 0 |  | 553 |  | 2,773 |  | 6,917
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2025 | 190 |  | (1) |  | 22 |  | 951 |  | 1,162
At 31 March 2024 | 254 |  | 948 |  | 27 |  | 1,492 |  | 2,721

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 109,864 |  | 117,666
Other debtors | 5,463 |  | 5,073
| 115,327 |  | 122,739

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 122,405 |  | 174,530
Taxation and social security | 7,115 |  | 20,986
Other creditors | 174,166 |  | 140,690
| 303,686 |  | 336,206

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 205 |  | 595

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 66,501 |  | 12,611