REGISTERED NUMBER: 01628896 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

CREST TIMBER PRODUCTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Hope

G Williamson

SECRETARY:

D Hope

REGISTERED OFFICE:

Unit 9 Whitehall Trading Estate

Gerrish Avenue

Bristol

BS5 9DF

REGISTERED NUMBER:

01628896 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

32,379

39,495

CURRENT ASSETS

Stocks

32,500

32,525

Debtors

5

79,556

149,669

Cash at bank

48,218

20,652

160,274

202,846

CREDITORS

Amounts falling due within one year

6

138,318

153,388

NET CURRENT ASSETS

21,956

49,458

TOTAL ASSETS LESS CURRENT LIABILITIES

54,335

88,953

CREDITORS

Amounts falling due after more than one year

7

-

(8,000

)

PROVISIONS FOR LIABILITIES

8

(8,095

)

(9,874

)

NET ASSETS

46,240

71,079

CAPITAL AND RESERVES

Called up share capital

9

1,600

1,600

Retained earnings

44,640

69,479

SHAREHOLDERS' FUNDS

46,240

71,079

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 8 January 2026 and were signed on its behalf by:

D Hope - Director

1.	STATUTORY INFORMATION

Crest 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.

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 each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

30% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

159,616

27,391

30,995

5,374

223,376

Additions

1,342

-

-

-

1,342

At 31 May 2025

160,958

27,391

30,995

5,374

224,718

DEPRECIATION

At 1 June 2024

137,930

24,487

18,299

3,165

183,881

Charge for year

4,606

871

2,539

442

8,458

At 31 May 2025

142,536

25,358

20,838

3,607

192,339

NET BOOK VALUE

At 31 May 2025

18,422

2,033

10,157

1,767

32,379

At 31 May 2024

21,686

2,904

12,696

2,209

39,495

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

69,223

139,336

Other debtors

10,333

10,333

79,556

149,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

64,975

65,732

Taxation and social security

50,864

65,433

Other creditors

14,479

14,223

138,318

153,388

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

-

8,000

8.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

Accelerated capital allowances

8,095

9,874

Deferred

tax

£

Balance at 1 June 2024

9,874

Reversal of timing differences

(1,779

)

Balance at 31 May 2025

8,095

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

800

A Ordinary

£1

800

800

800

B Ordinary

£1

800

800

1,600

1,600

10.	RELATED PARTY DISCLOSURES

The company maintains an interest free loan account with the directors. At the balance sheet date, the company owed its directors £9,390 (2024: £9,390).

11.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.