REGISTERED NUMBER: 01819902 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

S & S TIMBER SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Smart

A Smart

K Smart

A Smart

SECRETARY:

L Askham

REGISTERED OFFICE:

71 Chorley Road

Blackpool

Lancashire

FY3 7XQ

REGISTERED NUMBER:

01819902 (England and Wales)

ACCOUNTANTS:

Keenan Chartered Accountants

The Old Surgery

43 Derbe Road

Lytham St Annes

Lancashire

FY8 1NJ

BANKERS:

Barclays Bank

PO Box 8

2/4 Birley Street

Blackpool

FY1 1DX

FIXED ASSETS

Tangible assets

4

64,013

47,247

CURRENT ASSETS

Stocks

379,941

321,202

Debtors

5

284,427

347,941

Cash at bank and in hand

259,002

637,883

923,370

1,307,026

CREDITORS

Amounts falling due within one year

6

355,692

548,875

NET CURRENT ASSETS

567,678

758,151

TOTAL ASSETS LESS CURRENT LIABILITIES

631,691

805,398

PROVISIONS FOR LIABILITIES

2,815

10,854

NET ASSETS

628,876

794,544

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

628,874

794,542

SHAREHOLDERS' FUNDS

628,876

794,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 7 November 2025 and were signed on its behalf by:

G Smart - Director

1.	STATUTORY INFORMATION

S & S 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

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 defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit and loss in the period to which they relate.

The cost of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Provisions for liabilities

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Financial instruments

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortised cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 29 February 2024

229,642

83,058

111,177

22,841

446,718

Additions

-

-

39,950

-

39,950

Disposals

-

-

(17,990

)

-

(17,990

)

At 28 February 2025

229,642

83,058

133,137

22,841

468,678

DEPRECIATION

At 29 February 2024

214,749

78,254

85,927

20,541

399,471

Charge for year

3,725

482

18,397

575

23,179

Eliminated on disposal

-

-

(17,985

)

-

(17,985

)

At 28 February 2025

218,474

78,736

86,339

21,116

404,665

NET BOOK VALUE

At 28 February 2025

11,168

4,322

46,798

1,725

64,013

At 28 February 2024

14,893

4,804

25,250

2,300

47,247

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade debtors

232,636

267,530

Other debtors

51,791

80,411

284,427

347,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

£

Trade creditors

283,994

342,241

Amounts owed to group undertakings

494

134,112

Taxation and social security

46,580

54,847

Other creditors

24,624

17,675

355,692

548,875

7.	CONTINGENT LIABILITIES

A group VAT registration was in existence during the year. On 28 February 2025, the amount due to HM Revenue and Customs in relation to other group companies totalled £3,521 (2024 - £1,587).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

28.2.25

28.2.24

£

£

G Smart

Balance outstanding at start of year

-

936

Amounts repaid

-

(936

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The parent company of S & S Timber Supplies Limited is Singleton & Smart (Holdings) Limited, which has a registered office address of 71 Chorley Road, Blackpool, England, FY3 7XQ.