Scottwood Timber Limited - Filleted accounts

Registered number

13016999

Scottwood Timber Limited

Filleted Accounts

30 November 2025

Scottwood Timber Limited
Registered number:		13016999
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£			£	£		£
Fixed assets
Tangible assets	3		99,280			52,615

Current assets
Stocks		528,980			354,637
Debtors	4	475,002			215,496
Cash at bank and in hand		73,569			23,332
		1,077,551			593,465

Creditors: amounts falling due within one year	5	(1,039,232)			(562,436)

Net current assets			38,319			31,029

Total assets less current liabilities			137,599			83,644

Creditors: amounts falling due after more than one year	6		(28,510)			-

Provisions for liabilities			(19,000)			(10,000)


Net assets			90,089			73,644

Capital and reserves
Called up share capital	7		2			2
Profit and loss account			90,087			73,642

Shareholders' funds			90,089			73,644

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Gair
Director
Approved by the board on 19 May 2026

Scottwood Timber Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery		25% reducing balance and 3 years straight line
	Motor vehicles		25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees				2025		2024
Number						Number

	Average number of persons employed by the company				12		8


3	Tangible fixed assets
			Plant and machinery		Motor vehicles		Total
£				£		£
	Cost
	At 1 December 2024		3,182		75,996		79,178
	Additions		22,610		57,499		80,109
	At 30 November 2025		25,792		133,495		159,287

	Depreciation
	At 1 December 2024		852		25,711		26,563
	Charge for the year		6,500		26,944		33,444
	At 30 November 2025		7,352		52,655		60,007

	Net book value
	At 30 November 2025		18,440		80,840		99,280
	At 30 November 2024		2,330		50,285		52,615


4	Debtors				2025		2024
£						£

	Trade debtors				475,002		206,713
	Other debtors				-		8,783
					475,002		215,496


5	Creditors: amounts falling due within one year				2025		2024
£						£

	Obligations under finance lease and hire purchase contracts				22,823		-
	Trade creditors				931,347		456,800
	Taxation and social security costs				83,495		50,993
	Other creditors				1,567		54,643
					1,039,232		562,436


6	Creditors: amounts falling due after one year				2025		2024
£						£

	Obligations under finance lease and hire purchase contracts				28,510		-


7	Share capital				2025		2024
£						£

	Allotted, called up and fully paid:
	Ordinary shares				2		2


8	Other information

	Scottwood Timber Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	1 Conyers Trading Estate
	Lye
	Stourbridge
	West Midlands
	DY9 8ER

	Its registered number is:	13016999