03853348falsesawmill operators and timber merchants2025-01-012025-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:Director12025-01-012025-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-12-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2024-12-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2025-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12025-01-012025-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2025-01-012025-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22025-01-012025-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2025-01-012025-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/2025-01-012025-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FRS1022025-01-012025-12-31http://www.companieshouse.gov.uk/2025-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2025-01-012025-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2025-01-012025-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03853348
Laversdale Timber Co. Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Laversdale Timber Co. Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
DIRECTORS
G Robinson
REGISTERED OFFICE
Site 1
Airport Industrial Estate
Carlisle
Cumbria
CA6 4NW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03853348
BANKERS
Bank of Scotland plc
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
Laversdale Timber Co. Ltd
ACCOUNTS
FOR THEYEARENDED31/12/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Laversdale Timber Co. Ltd
BALANCE SHEET AT 31/12/2025
20252024
Notes££
FIXED ASSETS
Tangible assets23,322,7642,617,157
CURRENT ASSETS
Stock511,100869,100
Debtors31,429,7722,378,623
Current Asset Investments4889,722-
Cash at bank and in hand4,244,6063,792,946
7,075,2007,040,669
CREDITORS: Amounts falling due within one year51,435,8291,488,330
NET CURRENT ASSETS5,639,3715,552,339
TOTAL ASSETS LESS CURRENT LIABILITIES8,962,1358,169,496
CREDITORS: Amounts falling due after more than one year67,73110,308
PROVISIONS FOR LIABILITIES AND CHARGES190,226120,291
NET ASSETS8,764,1788,038,897
CAPITAL AND RESERVES
Called up share capital8150150
Capital redemption reserve95050
Profit and loss account8,763,9788,038,697
SHAREHOLDERS' FUNDS8,764,1788,038,897
For the year ending 31/12/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/05/2026 and signed on their behalf by
.............................
G Robinson
Director
Laversdale Timber Co. Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the disclosure and presentation requirements of section 1A, applicable to small companies.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
No depreciation is provided on freehold land.
Land And Buildingsstraight line2%
Plant And Machineryreducing balance25%
Commercial Vehiclesreducing balance25%
Equipmentreducing balance25%
1c. Investment Properties
Investment properties are included in the financial statements at fair value. Any surplus or deficit is recognised in the profit and loss account.
1d. Stocks
Stock and work in progress are valued at the lower of cost and net estimated selling price less selling costs. Cost is based upon the weighted average purchase price and, for work in progress, an appropriate proportion of attributable overheads is included.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain.
1f. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable to the scheme.
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Laversdale Timber Co. Ltd
1h. Government Grants
Government grants relating to tangible fixed assets are recognised in profit and loss over the useful life of the asset to which the grant relates. Grants received relating to expenditure are recognised in the profit and loss account in the year which they are received.
2. TANGIBLE FIXED ASSETS
InvestmentFreeholdPlant andMotorComputer
PropertiesPropertyMachineryVehiclesEquipmentTotal
££££££
Cost
At 01/01/20251,496,377674,5651,483,070189,61719,0983,862,727
Additions-77,700793,978124,6811,304997,663
Disposals--(113,219)(19,223)-(132,442)
At 31/12/20251,496,377752,2652,163,829295,07520,4024,727,948
Depreciation
At 01/01/2025-34,9491,054,236141,28915,0961,245,570
Disposals--(83,576)(17,779)-(101,355)
For the year-7,334209,41742,8911,327260,969
At 31/12/2025-42,2831,180,077166,40116,4231,405,184
Net Book Amounts
At 31/12/20251,496,377709,982983,752128,6743,9793,322,764
At 31/12/20241,496,377639,616428,83448,3284,0022,617,157
Investment properties are included at fair value.
If the investment properties were sold at their current valuation no tax would be payable on the sale.
3. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors850,244751,644
VAT-39,038
Other debtors541,426549,616
Prepayments36,523267,517
Directors current account1,579770,808
1,429,7722,378,623
Laversdale Timber Co. Ltd
4. CURRENT ASSET INVESTMENTS
20252024
££
Other investments889,722-
889,722-
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax406,851331,717
VAT28,800-
Other tax and social security creditor13,8509,640
Trade creditors967,7101,130,694
Other creditors5,0414,643
Accruals11,0008,200
Grants2,5773,436
1,435,8291,488,330
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Grants >1yr7,73110,308
7,73110,308
7. EMPLOYEES
20252024
No.No.
Average number of employees1514
Laversdale Timber Co. Ltd
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 A Ordinary shares of £1 each100100
50 B Ordinary shares of £1 each5050
150150
9. OTHER RESERVES 20252024
££
Capital redemption reserve5050
5050
10. RELATED PARTY TRANSACTIONS
During the year total remuneration was paid to the director of £11,702 (2024 - £9,096).
Dividends of £800,000 were paid to the director during the year (2024 - £40,000).
At the balance sheet date a loan £1,579 was owed to the company by the director (2024 - £770,808). The loan is interest free, unsecured and repayable on demand. Furthermore, premises owned by the directors are occupied by the company rent free (2024 - Same).
11. TRANSACTIONS WITH DIRECTORS
At 1 January 2025 a loan of £770,808 was owed to the company by the director of which £769,229 was repaid during the year. The loan owed to the company at the balance sheet date was £1,579. The loan is interest free, unsecured and repayable on demand.
12. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England.
The company's registered number is 03853348.
The company's registered office is Site 1, Airport Industrial Estate, Carlisle, Cumbria CA6 4NW.