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Registration number: 09494707

Barnesfield Timber Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2025

Barnesfield Timber Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Barnesfield Timber Ltd

(Registration number: 09494707)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 113,860 | 76,053
Debtors | 6 | - | 12,856
|  | 113,860 | 88,909
Current assets |  |  |
Stocks | 5 | 410,273 | 411,434
Debtors | 6 | 785,492 | 765,163
Cash at bank and in hand |  | 300,490 | 190,705
|  | 1,496,255 | 1,367,302
Creditors: Amounts falling due within one year | 7 | (664,395) | (485,087)
Net current assets |  | 831,860 | 882,215
Total assets less current liabilities |  | 945,720 | 971,124
Provisions for liabilities |  | (6,855) | -
Net assets |  | 938,865 | 971,124
Capital and reserves |  |  |
Called up share capital |  | 100,000 | 100,000
Retained earnings |  | 838,865 | 871,124
Shareholders' funds |  | 938,865 | 971,124

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 February 2026 and signed on its behalf by:

Mr J W Barnes Director |  |

Barnesfield Timber Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Saw Mills
Vastern Wharf
Royal Wootton Bassett
Swindon
Wiltshire
SN4 7PD

These financial statements were authorised for issue by the Board on 4 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. As at the date of signing the financial statements, the directors confirm that the company is in a position to meet its liabilities for a period of 12 months and that there are no foreseeable events which may give rise to liabilities which exceeds the company’s ability to pay.

Barnesfield Timber Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer equipment | 30% straight line
Motor vehicles | 25% reducing balance
Plant & Machinery | 20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Barnesfield Timber Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue for the sale of goods when all the following conditions are satisfied:
a) the significant risks and rewards of ownership have been transferred to the buyer;
b) the group retains no continuing involvement or control over the goods;
c) the amount of revenue can be reliably measured;
d) it is probable that future economic benefits will flow to the company; and
e) specific criteria have been met for each of the groups activities.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2024 - 4).

Barnesfield Timber Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Plant and machinery £ | Computer equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | - | 17,124 | 122,396 | 139,520
Additions | 36,097 | 1,500 | 73,512 | 111,109
Disposals | - | - | (63,326) | (63,326)
At 30 June 2025 | 36,097 | 18,624 | 132,582 | 187,303
Depreciation
At 1 July 2024 | - | 9,919 | 53,548 | 63,467
Charge for the year | 7,219 | 3,777 | 26,685 | 37,681
Eliminated on disposal | - | - | (27,705) | (27,705)
At 30 June 2025 | 7,219 | 13,696 | 52,528 | 73,443
Carrying amount
At 30 June 2025 | 28,878 | 4,928 | 80,054 | 113,860
At 30 June 2024 | - | 7,205 | 68,848 | 76,053

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 410,273 | 411,434

Barnesfield Timber Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

6 | Debtors

Due within one year | 2025 £ | 2024 £
Trade debtors | 690,735 | 747,751
Prepayments | 1,458 | 780
Other debtors | 93,299 | 16,632
| 785,492 | 765,163

Due in more than one year | 2025 £ | 2024 £
Other debtors | - | 12,856
| - | 12,856

7 | Creditors

Due within one year | 2025 £ | 2024 £
Trade creditors | 512,216 | 215,256
Social security and other taxes | 99,299 | 197,871
Other creditors | 41,148 | 40,999
Accruals and deferred income | 11,732 | 30,961
| 664,395 | 485,087

Barnesfield Timber Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Related party transactions

Income and receivables from related parties

2025 | Entities with joint control or significant influence £
Sale of goods | 12,746

2024 | Entities with joint control or significant influence £
Sale of goods | 657,976

Expenditure with and payables to related parties

2025 | Entities with joint control or significant influence £
Purchase of goods | 71,824
Rendering of services | 43,092
| 114,916

2024 | Entities with joint control or significant influence £
Purchase of goods | 152,228

The Company purchased and sold goods as above from and to Vastern Timber Company Limited, a company in which J W Barnes and T M Barnes are also directors. These goods were bought and sold on an arm's length basis. £14,323.52 of debtors due to Barnesfield Timber Limited after June 2025 by Vastern Timber Company Limited.