REGISTERED NUMBER: 07804197 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2025

for

Advanced Timber Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Potts

Mrs S J Potts

REGISTERED OFFICE:

Cricketwood

Tanhouse Lane

Botley

Southampton

Hampshire

SO30 2SZ

REGISTERED NUMBER:

07804197 (England and Wales)

ACCOUNTANTS:

Mandair & Co

Chartered Accountants

Partnership House

84 Lodge Road

Southampton

Hampshire

SO14 6RG

FIXED ASSETS

Intangible assets

5

4,226

4,517

Tangible assets

6

2,489,983

2,651,535

2,494,209

2,656,052

CURRENT ASSETS

Stocks

7

350,405

317,637

Debtors

8

758,169

687,259

Cash at bank

1,278,143

506,056

2,386,717

1,510,952

CREDITORS

Amounts falling due within one year

9

1,009,407

779,899

NET CURRENT ASSETS

1,377,310

731,053

TOTAL ASSETS LESS CURRENT LIABILITIES

3,871,519

3,387,105

PROVISIONS FOR LIABILITIES

506,725

554,023

NET ASSETS

3,364,794

2,833,082

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,363,794

2,832,082

SHAREHOLDERS' FUNDS

3,364,794

2,833,082

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2026 and were signed on its behalf by:

Mrs S J Potts - Director

1.	STATUTORY INFORMATION

Advanced Timber Systems 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

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

Freehold property

-

Straight line over 50 years

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

25% reducing balance basis

Fixtures and equipment

-

15% reducing balance basis

Motor vehicles

-

25% reducing balance basis

Computer equipment

-

33% reducing balance basis

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 35 ) .

5.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

240,000

5,820

245,820

AMORTISATION

At 1 January 2025

240,000

1,303

241,303

Amortisation for year

-

291

291

At 31 December 2025

240,000

1,594

241,594

NET BOOK VALUE

At 31 December 2025

-

4,226

4,226

At 31 December 2024

-

4,517

4,517

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Long

to

Plant and

property

leasehold

property

machinery

£

£

£

£

COST

At 1 January 2025

212,500

1,016,541

343,455

2,176,549

Additions

-

-

40,320

102,607

At 31 December 2025

212,500

1,016,541

383,775

2,279,156

DEPRECIATION

At 1 January 2025

4,250

57,892

116,111

1,166,195

Charge for year

4,250

20,331

8,257

269,489

At 31 December 2025

8,500

78,223

124,368

1,435,684

NET BOOK VALUE

At 31 December 2025

204,000

938,318

259,407

843,472

At 31 December 2024

208,250

958,649

227,344

1,010,354

Fixtures

and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

45,170

279,305

74,524

4,148,044

Additions

10,483

65,293

248

218,951

At 31 December 2025

55,653

344,598

74,772

4,366,995

DEPRECIATION

At 1 January 2025

19,917

97,363

34,781

1,496,509

Charge for year

4,117

60,869

13,190

380,503

At 31 December 2025

24,034

158,232

47,971

1,877,012

NET BOOK VALUE

At 31 December 2025

31,619

186,366

26,801

2,489,983

At 31 December 2024

25,253

181,942

39,743

2,651,535

7.

STOCKS

31.12.25

31.12.24

£

£

Stocks

284,255

270,487

Work-in-progress

66,150

47,150

350,405

317,637

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

699,497

638,309

Other debtors

1,200

1,200

Directors' current accounts

21,833

13,566

Prepayments

35,639

34,184

758,169

687,259

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

427,296

371,887

Tax

231,845

150,736

Social security and other taxes

63,790

42,919

VAT

163,735

95,802

Net wages payable

118,791

114,805

Accrued expenses

3,950

3,750

1,009,407

779,899

10.	RELATED PARTY DISCLOSURES