Scandic Timber (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06942145

Scandic Timber (UK) Limited

Filleted Unaudited Financial Statements

31 December 2025

Scandic Timber (UK) Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	4	226,179	180,518
Cash at bank and in hand		100,264	87,887
		---------	---------
		326,443	268,405

Creditors: amounts falling due within one year	5	231,728		177,809
		---------		---------
Net current assets			94,715	90,596
			--------	--------
Total assets less current liabilities			94,715	90,596
			--------	--------
Net assets			94,715	90,596
			--------	--------

Scandic Timber (UK) Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	1	1
Profit and loss account	94,714	90,595
	--------	--------
Shareholders funds	94,715	90,596
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 June 2026 , and are signed on behalf of the board by:

A Jansons

Director

Company registration number: 06942145

Scandic Timber (UK) Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. The total turnover of company for the year has been derived from its principal activity wholly undertaken in the UK.

(c) Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

4. Debtors

	2025	2024
	£	£
Trade debtors	162,953	130,518
Other debtors	63,226	50,000
	---------	---------
	226,179	180,518
	---------	---------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	229,212	173,022
Corporation tax	966	2,587
Social security and other taxes	450	1,000
Other creditors	1,100	1,200
	---------	---------
	231,728	177,809
	---------	---------

6. Related party transactions

The company was under the control of its directors.