REGISTERED NUMBER: 03623426 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

MAPLIN TIMBER SUPPLY CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Cottham

SECRETARY:

J J Cottham

REGISTERED OFFICE:

16 Stock Road

Southend on Sea

Essex

SS2 5QF

REGISTERED NUMBER:

03623426 (England and Wales)

ACCOUNTANTS:

Howard & Stapleton

2nd Floor Offices

26-28 West Street

Market Square

Rochford

Essex

SS4 1AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

18,871

26,278

18,871

26,278

CURRENT ASSETS

Stocks

6

78,770

80,867

Debtors

7

385,224

673,432

Cash at bank

846,308

961,359

1,310,302

1,715,658

CREDITORS

Amounts falling due within one year

8

273,298

281,612

NET CURRENT ASSETS

1,037,004

1,434,046

TOTAL ASSETS LESS CURRENT LIABILITIES

1,055,875

1,460,324

CREDITORS

Amounts falling due after more than one year

9

(453

)

(5,848

)

PROVISIONS FOR LIABILITIES

10

(4,718

)

(6,569

)

NET ASSETS

1,050,704

1,447,907

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

1,050,702

1,447,905

SHAREHOLDERS' FUNDS

1,050,704

1,447,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2026 and were signed by:

J J Cottham - Director

1.	STATUTORY INFORMATION

Maplin Timber Supply Co 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.	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.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

1,131

AMORTISATION

At 1 October 2024

and 30 September 2025

1,131

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

44,518

105,025

32,343

69,898

251,784

Disposals

-

-

-

(20,728

)

(20,728

)

At 30 September 2025

44,518

105,025

32,343

49,170

231,056

DEPRECIATION

At 1 October 2024

44,517

98,170

30,546

52,273

225,506

Charge for year

-

1,713

449

4,127

6,289

Eliminated on disposal

-

-

-

(19,610

)

(19,610

)

At 30 September 2025

44,517

99,883

30,995

36,790

212,185

NET BOOK VALUE

At 30 September 2025

1

5,142

1,348

12,380

18,871

At 30 September 2024

1

6,855

1,797

17,625

26,278

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

Motor

vehicles

£

COST

At 1 October 2024

and 30 September 2025

25,950

DEPRECIATION

At 1 October 2024

15,002

Charge for year

2,737

At 30 September 2025

17,739

NET BOOK VALUE

At 30 September 2025

8,211

At 30 September 2024

10,948

6.

STOCKS

30.9.25

30.9.24

£

£

Stocks

78,770

80,867

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

175,920

247,714

Other debtors

203,535

155,535

Director's current account

-

264,613

Prepayments and accrued income

5,769

5,570

385,224

673,432

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

5,394

5,292

Trade creditors

192,569

211,114

Corporation tax

40,191

28,606

Social security and other taxes

1,342

1,994

VAT

23,855

20,024

Other creditors

7,755

14,582

Director's current account

2,192

-

273,298

281,612

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts

453

5,848

10.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

Accelerated capital allowances

4,718

6,569

Deferred

tax

£

Balance at 1 October 2024

6,569

Credit to Statement of Income and Retained Earnings during year

(1,851

)

Balance at 30 September 2025

4,718

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

2

Ordinary

£1

2

2

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

J J Cottham

Balance outstanding at start of year

264,613

144,596

Amounts advanced

-

120,017

Amounts repaid

(264,613

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

264,613

J J Cottham owned the freehold interest of the property that the company occupies until June 2025. A rental charge of £15000 has been made for this period.

13.	RELATED PARTY DISCLOSURES

In June 2025, the entire share capital of the company was transferred to Maplin Holdings Limited, a company owned by J J Cottham. Thereafter a dividend of £500000 was paid up to the holding company.

There is a loan to Maplin Developments Limited, a company a controlled by J J Cottham that is unsecured and has no fixed repayment date. At the balance sheet date the sum outstanding was £127424 (2024 - £127424) and is included in other debtors in Note 8.

14.	ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr J J Cottham who owns the entire share capital in the company's holding company.