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Registered number: 06755258
Think Timber Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06755258
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 90,327 88,845
90,327 88,845
CURRENT ASSETS
Stocks 6 1,244,512 1,396,216
Debtors 7 1,751,025 1,658,417
Cash at bank and in hand 1,505,144 1,479,751
4,500,681 4,534,384
Creditors: Amounts Falling Due Within One Year 8 (2,689,994 ) (2,810,980 )
NET CURRENT ASSETS (LIABILITIES) 1,810,687 1,723,404
TOTAL ASSETS LESS CURRENT LIABILITIES 1,901,014 1,812,249
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,807 ) (25,103 )
NET ASSETS 1,875,207 1,787,146
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 1,874,207 1,786,146
SHAREHOLDERS' FUNDS 1,875,207 1,787,146
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For the year ending 30 November 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gavin Brown
Director
Mrs Nicola Brown
Director
21 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Think Timber Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06755258 . The registered office is 62 Brick Kiln Lane, Parkhouse Industrial Estate West, Newcastle-under-Lyme, Staffordshire, ST5 7AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is the Company Website. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 10)
8 10
4. Intangible Assets
Other
£
Cost
As at 1 December 2024 3,000
As at 30 November 2025 3,000
Amortisation
As at 1 December 2024 3,000
As at 30 November 2025 3,000
Net Book Value
As at 30 November 2025 -
As at 1 December 2024 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 December 2024 17,740 83,533 - 50,114
Additions - 1,538 18,509 2,130
As at 30 November 2025 17,740 85,071 18,509 52,244
Depreciation
As at 1 December 2024 10,133 39,504 - 23,974
Provided during the period 1,141 6,835 4,627 4,008
As at 30 November 2025 11,274 46,339 4,627 27,982
Net Book Value
As at 30 November 2025 6,466 38,732 13,882 24,262
As at 1 December 2024 7,607 44,029 - 26,140
Computer Equipment Total
£ £
Cost
As at 1 December 2024 38,865 190,252
Additions 1,478 23,655
As at 30 November 2025 40,343 213,907
Depreciation
As at 1 December 2024 27,796 101,407
Provided during the period 5,562 22,173
As at 30 November 2025 33,358 123,580
Net Book Value
As at 30 November 2025 6,985 90,327
As at 1 December 2024 11,069 88,845
6. Stocks
2025 2024
£ £
Materials 1,244,512 1,396,216
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7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,618,890 1,547,717
Prepayments and accrued income 36,605 53,858
Other debtors 12,250 12,250
Factored debts outstanding 83,280 44,592
1,751,025 1,658,417
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 234,261 543,043
Corporation tax 267,745 107,031
Other taxes and social security 6,697 -
VAT 393,683 473,125
Other creditors 8,450 12,510
Accruals and deferred income 30,574 9,813
Directors' loan accounts 7,105 -
Amounts owed to group undertakings 1,741,479 1,665,458
2,689,994 2,810,980
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 21,658 9,913
Later than one year and not later than five years - 9,284
21,658 19,197
11. Related Party Transactions
Included within creditors due within one year is a balance of £1,741,479 (2024: £1,665,458) due to parent company.
Dividends paid to parent company during the year were £633,924 (2024: £338,478).
Rental payments to parent company for the use of premises were £25,000 (2024: £25,000).
Management payments to parent company were £100,000 (2024: £100,000).
12. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Gavin Brown Holdings Limited a company incorporated in England & Wales with a registered office of 62 Brick Kiln Way, Parkhouse Industrial Estate West, Newcastle, Staffordshire, ST5 7AS. The ultimate controlling parties are Mr and Mrs Brown. 
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