REGISTERED NUMBER: 03323992 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLYDESDALE TIMBER PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs W Monaghan

SECRETARY:

Mrs W Monaghan

REGISTERED OFFICE:

Office 25

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

REGISTERED NUMBER:

03323992 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

29,251

30,402

29,252

30,403

CURRENT ASSETS

Stocks

19,574

9,633

Debtors

6

3,116

2,674

Cash at bank

676

6,567

23,366

18,874

CREDITORS

Amounts falling due within one year

7

37,281

30,581

NET CURRENT LIABILITIES

(13,915

)

(11,707

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,337

18,696

CAPITAL AND RESERVES

Called up share capital

8

59,240

59,240

Revaluation reserve

9

8,182

8,182

Retained earnings

9

(52,085

)

(48,726

)

SHAREHOLDERS' FUNDS

15,337

18,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 23 December 2025 and were signed by:

Mrs W Monaghan - Director

1.	STATUTORY INFORMATION

Clydesdale Timber Products 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 (£).

Transactions are rounded to the nearest £.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

10% on reducing balance

Land and buildings

-

4% on cost of buildings

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Improvements

to

Land and

Plant and

property

buildings

machinery

£

£

£

COST OR VALUATION

At 1 April 2024

9,813

40,455

11,825

Additions

-

-

-

At 31 March 2025

9,813

40,455

11,825

DEPRECIATION

At 1 April 2024

8,846

12,000

11,214

Charge for year

97

800

153

At 31 March 2025

8,943

12,800

11,367

NET BOOK VALUE

At 31 March 2025

870

27,655

458

At 31 March 2024

967

28,455

611

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

4,096

16,600

1,160

83,949

Additions

-

-

70

70

At 31 March 2025

4,096

16,600

1,230

84,019

DEPRECIATION

At 1 April 2024

3,982

16,527

978

53,547

Charge for year

17

18

136

1,221

At 31 March 2025

3,999

16,545

1,114

54,768

NET BOOK VALUE

At 31 March 2025

97

55

116

29,251

At 31 March 2024

114

73

182

30,402

Cost or valuation at 31 March 2025 is represented by:

Improvements

to

Land and

Plant and

property

buildings

machinery

£

£

£

Valuation in 2009

-

40,455

-

Cost

9,813

-

11,825

9,813

40,455

11,825

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2009

-

-

-

40,455

Cost

4,096

16,600

1,230

43,564

4,096

16,600

1,230

84,019

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31/3/25

31/3/24

£

£

Cost

32,273

32,273

Aggregate depreciation

12,800

12,000

Value of land in freehold land and buildings

12,273

12,273

Freehold land and buildings were valued on an open market basis on 6 March 2009 by Frank Marshall & Co .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

3,116

-

Taxation recoverable

-

2,674

3,116

2,674

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

7,057

7,022

Social security and other taxes

-

403

VAT

256

992

Directors' current accounts

28,618

16,825

Accrued expenses

1,350

5,339

37,281

30,581

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

58,240

B Ordinary shares

£1

58,240

58,240

59,240

59,240

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

(48,726

)

8,182

(40,544

)

Deficit for the year

(3,359

)

(3,359

)

At 31 March 2025

(52,085

)

8,182

(43,903

)