Company registration number 03131165 (England and Wales)
Timber Specialists (Huddersfield) Ltd
Unaudited Financial Statements
For the year ended 31 December 2025
Timber Specialists (Huddersfield) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
Timber Specialists (Huddersfield) Ltd
Statement of financial position
As at 31 December 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
87,557
108,226
Current assets
Stocks
438,255
395,467
Debtors
5
802,691
718,351
Cash at bank and in hand
323,808
495,199
1,564,754
1,609,017
Creditors: amounts falling due within one year
6
(1,004,103)
(926,402)
Net current assets
560,651
682,615
Total assets less current liabilities
648,208
790,841
Creditors: amounts falling due after more than one year
7
-
0
(816)
Provisions for liabilities
(9,000)
(19,000)
Net assets
639,208
771,025
Capital and reserves
Called up share capital
21,000
21,000
Profit and loss reserves
618,208
750,025
Total equity
639,208
771,025
Timber Specialists (Huddersfield) Ltd
Statement of financial position (continued)
As at 31 December 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 March 2026 and are signed on its behalf by:
Mr K J Smith
Director
Company registration number 03131165 (England and Wales)
Timber Specialists (Huddersfield) Ltd
Notes to the financial statements
For the year ended 31 December 2025
- 3 -
1
Accounting policies
Company information

Timber Specialists (Huddersfield) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Littleroyd Business Park, Queens Mill Road, Huddersfield, West Yorkshire, HD1 3RR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes. All turnover is from the sale of goods.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually at the point that the customer has signed for the delivery of goods.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Cost includes the original purchase price and any costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% on cost
Fixtures and fittings
20% on cost
Motor vehicles
20% and 14% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stocks are valued using the first-in, first-out (FIFO) method.

Timber Specialists (Huddersfield) Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs less any impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies that are classified as debt, are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Timber Specialists (Huddersfield) Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

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

1.9
Leases
As lessee

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

1.10
Government grants

Government grants relating to the purchase of fixed assets are treated as deferred income and released to the profit and loss account over the expected life of the asset.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Timber Specialists (Huddersfield) Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 6 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets, which are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Stock provisions

When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated future sales.

Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile and recent correspondence with the debtors and historical experience.

Rebates receivable

When calculating the expected rebate to be received, management considers the level of purchases and makes an adjustment based on the agreed rebate rate.

3
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
18
16
Timber Specialists (Huddersfield) Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
458,140
Additions
6,202
Disposals
(43,125)
At 31 December 2025
421,217
Depreciation and impairment
At 1 January 2025
349,914
Depreciation charged in the year
26,131
Eliminated in respect of disposals
(42,385)
At 31 December 2025
333,660
Carrying amount
At 31 December 2025
87,557
At 31 December 2024
108,226
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
683,517
607,346
Other debtors
119,174
111,005
802,691
718,351
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
640,318
651,053
Taxation and social security
165,501
135,597
Other creditors
198,284
139,752
1,004,103
926,402

Amounts due under finance leases and hire purchase contracts of £816 (2024 - £9,579) included within other creditors are secured against the assets which they relate to.

Timber Specialists (Huddersfield) Ltd
Notes to the financial statements (continued)
For the year ended 31 December 2025
- 8 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
816

Amounts due under finance leases and hire purchase contracts of £Nil (2024 - £816) included within other creditors are secured against the assets which they relate to.

8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
168,000
193,698
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