REGISTERED NUMBER: 02524449

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

DEREK FOX & SONS (TIMBER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Fox

Mr D Fox

Mr A Fox

Miss V Fox

REGISTERED OFFICE:

Shay Lane Industrial Estate

Longridge

Preston

Lancashire

PR3 3BT

REGISTERED NUMBER:

02524449

ACCOUNTANTS:

Turner & Turner (Preston) Ltd

Chartered Accountants

9 Victoria Rd

Fulwood

Preston

Lancashire

PR2 8ND

FIXED ASSETS

Intangible assets

4

34,726

43,824

Tangible assets

5

2,965,202

3,001,473

2,999,928

3,045,297

CURRENT ASSETS

Stocks

1,912,450

1,866,565

Debtors

6

394,812

393,696

Cash at bank and in hand

240,972

206,181

2,548,234

2,466,442

CREDITORS

Amounts falling due within one year

7

1,424,940

1,434,854

NET CURRENT ASSETS

1,123,294

1,031,588

TOTAL ASSETS LESS CURRENT LIABILITIES

4,123,222

4,076,885

CREDITORS

Amounts falling due after more than one year

8

(566,083

)

(601,217

)

PROVISIONS FOR LIABILITIES

(482,131

)

(539,573

)

NET ASSETS

3,075,008

2,936,095

CAPITAL AND RESERVES

Called up share capital

31,000

31,000

Capital redemption reserve

6,000

6,000

Retained earnings

3,038,008

2,899,095

3,075,008

2,936,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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:

Mr G Fox - Director

1.	STATUTORY INFORMATION

Derek Fox & Sons (Timber) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance, 20% on cost, 10% on reducing balance and 5% 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 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

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.

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 24 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2024

and 31 July 2025

90,980

AMORTISATION

At 1 August 2024

47,156

Charge for year

9,098

At 31 July 2025

56,254

NET BOOK VALUE

At 31 July 2025

34,726

At 31 July 2024

43,824

5.	TANGIBLE FIXED ASSETS

Freehold

Biomass

Plant and

property

plant

machinery

£

£

£

COST

At 1 August 2024

860,461

1,746,290

2,100,873

Additions

38,271

341

20,353

Disposals

-

-

-

At 31 July 2025

898,732

1,746,631

2,121,226

DEPRECIATION

At 1 August 2024

137,264

573,039

1,208,098

Charge for year

16,474

87,331

90,295

Eliminated on disposal

-

-

-

At 31 July 2025

153,738

660,370

1,298,393

NET BOOK VALUE

At 31 July 2025

744,994

1,086,261

822,833

At 31 July 2024

723,197

1,173,251

892,775

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

187,684

672,742

17,779

5,585,829

Additions

-

161,184

1,235

221,384

Disposals

-

(64,225

)

-

(64,225

)

At 31 July 2025

187,684

769,701

19,014

5,742,988

DEPRECIATION

At 1 August 2024

87,538

563,795

14,622

2,584,356

Charge for year

10,015

19,263

1,394

224,772

Eliminated on disposal

-

(31,342

)

-

(31,342

)

At 31 July 2025

97,553

551,716

16,016

2,777,786

NET BOOK VALUE

At 31 July 2025

90,131

217,985

2,998

2,965,202

At 31 July 2024

100,146

108,947

3,157

3,001,473

Included in cost of land and buildings is freehold land of £ 75,046 (2024 - £ 75,046 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Biomass

Plant and

Motor

plant

machinery

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

381,342

430,912

96,338

908,592

Additions

-

-

161,184

161,184

Disposals

-

-

(64,225

)

(64,225

)

At 31 July 2025

381,342

430,912

193,297

1,005,551

DEPRECIATION

At 1 August 2024

57,201

70,222

47,013

174,436

Charge for year

19,067

36,069

7,339

62,475

Eliminated on disposal

-

-

(31,342

)

(31,342

)

At 31 July 2025

76,268

106,291

23,010

205,569

NET BOOK VALUE

At 31 July 2025

305,074

324,621

170,287

799,982

At 31 July 2024

324,141

360,690

49,325

734,156

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

116,235

111,247

Other debtors

278,577

282,449

394,812

393,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

385,737

278,293

Hire purchase contracts

176,089

151,115

Trade creditors

476,113

614,595

Amounts owed to group undertakings

230,704

230,704

Taxation and social security

121,795

126,865

Other creditors

34,502

33,282

1,424,940

1,434,854

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

245,942

279,788

Hire purchase contracts

320,141

321,429

566,083

601,217

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank overdrafts

351,891

244,447

Bank loans

279,788

313,634

Hire purchase contracts

496,230

472,544

1,127,909

1,030,625

10.	RELATED PARTY DISCLOSURES