Worcester Timber Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07267187 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Worcester Timber Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Hopkins

REGISTERED OFFICE:

Unit 6 Hartlebury Trading Estate

Hartlebury

Kidderminster

DY10 4JB

REGISTERED NUMBER:

07267187 (England and Wales)

ACCOUNTANTS:

Sysum Howard Duggan Accountants Ltd

Unit 14

Elgar Business Centre

Moseley Road

Worcester

Worcestershire

WR2 6NJ

FIXED ASSETS

Intangible assets

4

9,137

9,774

Tangible assets

5

97,123

117,440

106,260

127,214

CURRENT ASSETS

Stocks

234,329

209,563

Debtors

6

412,979

350,175

Cash at bank

35,876

63,522

683,184

623,260

CREDITORS

Amounts falling due within one year

7

582,185

490,879

NET CURRENT ASSETS

100,999

132,381

TOTAL ASSETS LESS CURRENT
LIABILITIES

207,259

259,595

CREDITORS

Amounts falling due after more than
one year

8

(140,345

)

(144,633

)

PROVISIONS FOR LIABILITIES

(33

)

(33

)

NET ASSETS

66,881

114,929

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

66,880

114,928

66,881

114,929

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 director acknowledges his 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 director and authorised for issue on 29 April 2026 and were signed by:

L Hopkins - Director

1.	STATUTORY INFORMATION

Worcester 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Long leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% 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 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 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 August 2024

24,877

Additions

625

At 31 July 2025

25,502

AMORTISATION

At 1 August 2024

15,103

Amortisation for year

1,262

At 31 July 2025

16,365

NET BOOK VALUE

At 31 July 2025

9,137

At 31 July 2024

9,774

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 August 2024

53,303

47,620

5,565

Additions

-

650

-

Disposals

-

At 31 July 2025

53,303

48,270

5,565

DEPRECIATION

At 1 August 2024

26,580

20,638

4,578

Charge for year

10,566

5,134

986

Eliminated on disposal

-

At 31 July 2025

37,146

25,772

5,564

NET BOOK VALUE

At 31 July 2025

16,157

22,498

1

At 31 July 2024

26,723

26,982

987

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 August 2024

95,815

9,285

211,588

Additions

-

650

Disposals

(32,766

)

-

(32,766

)

At 31 July 2025

63,049

9,285

179,472

DEPRECIATION

At 1 August 2024

37,924

4,428

94,148

Charge for year

(2,054

)

1,831

16,463

Eliminated on disposal

(28,262

)

-

(28,262

)

At 31 July 2025

7,608

6,259

82,349

NET BOOK VALUE

At 31 July 2025

55,441

3,026

97,123

At 31 July 2024

57,891

4,857

117,440

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

208,323

231,222

Other debtors

195,577

107,981

Tax

9,079

Prepayments

-

1,893

412,979

350,175

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

18,766

Hire purchase contracts

10,784

31,201

Trade creditors

431,578

313,926

Amounts owed to participating interests

31,002

11,993

Social security and other taxes

758

2,842

VAT

84,510

81,929

Other creditors

3,944

3,850

Directors' current accounts

843

26,372

582,185

490,879

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.7.25

31.7.24

£

Bank loans - 1-2 years

140,345

144,633