Booker Timber Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Booker Timber Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03297182 . The registered office is Stanhope House, Mark Rake, Bromborough, Wirral, CH62 2DN .

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.

2.2. Turnover

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue from product sales when delivery has occurred or services have been rendered, acceptance by the customer occurs and collectivity of the resulting trade debtor is reasonably assured.

2.3. 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:

Plant & Machinery	10% on reducing balance pro-rata
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and estimated selling price less costs to complete and after making due impairment for obsolete and slow moving items.

Page 3

Page 4

Booker Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 March 2025

2.6. Financial Instruments

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are classified as basic instruments and are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

...CONTINUED

Page 4

Page 5

Booker Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 March 2025

2.7. Taxation - continued

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. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 14)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 29 March 2024	224,169	15,500	2,544	17,146	259,359
Additions	300	-	-	1,499	1,799

As at 28 March 2025	224,469	15,500	2,544	18,645	261,158

Depreciation
As at 29 March 2024	146,482	15,500	2,041	14,771	178,794
Provided during the period	9,261	-	188	1,527	10,976

As at 28 March 2025	155,743	15,500	2,229	16,298	189,770

Net Book Value
As at 28 March 2025	68,726	-	315	2,347	71,388

As at 29 March 2024	77,687	-	503	2,375	80,565

Page 5

Page 6

Booker Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 March 2025

The fair value of the company's Plant and machinery was revalued on 29 March 2019. An independent valuer was not involved.

Had this class of asset been measured on a historical cost basis, the carrying amount would have been £97,210 (2024 - £97,210).

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
At cost	97,210	15,500	2,544	18,645	133,899
At valuation	127,259	-	-	-	127,259

	224,469	15,500	2,544	18,645	261,158

5. Stocks

	2025	2024
	£	£
Finished goods	128,015	178,271

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	266,310	226,616
Other debtors	24,194	20,058

	290,504	246,674

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,995	14,906
Trade creditors	110,957	115,692
Bank loans and overdrafts	71,267	68,516
Other creditors	37,810	44,973
Taxation and social security	106,513	101,729

	335,542	345,816

Page 6

Page 7

Booker Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 March 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	8,995
Bank loans	74,042	150,903

	74,042	159,898

9. Secured Creditors

Of the creditors the following amounts are secured.

The bank overdrafts and factors advances have the carrying amount at year end of £Nil 2024 - £22,754).

HSBC Bank Plc registered a debenture on the 20/02/2001 to secure all monies due or to become due from the company on any account whatsoever by way of fixed and floating charges over the undertakings and all property and assets present and future including goodwill book-debts uncalled capital buildings fixtures fixed plant and machinery.

On the 08/08/2016 HSBC Bank Plc registered a legal assignment of contract monies. This assignment of rights arising under the contract is security for all debts and or other liabilities to HSBC bank as set out in the assignment.

On the 24/05/2022 Zodeq Limited registered a charge at companies house. This charges contains a fixed and floating charge assignment of rights arising under the contract and is security for all debts and other liabilities.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,995	14,906
Bank loans and overdrafts	71,267	68,516

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11,200	11,200

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	69,148	69,148
Later than one year and not later than five years	38,907	108,055

	108,055	177,203

Page 7

Page 8

Booker Timber Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 March 2025

12. Reserves

	Revaluation Reserve
	£
As at 29 March 2024	25,920

As at 28 March 2025	25,920

Page 8

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		71,388		80,565

			71,388		80,565
CURRENT ASSETS
Stocks	5	128,015		178,271
Debtors	6	290,504		246,674
Cash at bank and in hand		14,495		91,953

		433,014		516,898
Creditors: Amounts Falling Due Within One Year	7	(335,542 )		(345,816 )

NET CURRENT ASSETS (LIABILITIES)			97,472		171,082

TOTAL ASSETS LESS CURRENT LIABILITIES			168,860		251,647

Creditors: Amounts Falling Due After More Than One Year	8		(74,042 )		(159,898 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,848 )		(20,142 )

NET ASSETS			76,970		71,607

CAPITAL AND RESERVES
Called up share capital	10		11,200		11,200
Revaluation reserve	12		25,920		25,920
Profit and Loss Account			39,850		34,487

SHAREHOLDERS' FUNDS			76,970		71,607