ACCOUNTS - Final Accounts preparation

Hire purchase and finance leases

Minimum lease payments under hire purchase fall due as follows:

Company Registration Number: 08232511

WJ TIMBER TREATMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS

31 DECEMBER 2025

WJ TIMBER TREATMENTS LTD

REGISTERED NUMBER: 08232511

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Intangible assets	4		6,575		3,123
Tangible assets	5		901,333		892,624
			907,908		895,747
Current assets
Stocks	6	199,928		144,737
Debtors: amounts falling due within one year	7	1,562,739		819,689
Cash at bank and in hand	8	52,684		425,079
		1,815,351		1,389,505
Creditors: amounts falling due within one year	9	(1,096,741)		(1,156,436)
Net current assets			718,610		233,069
Total assets less current liabilities			1,626,518		1,128,816
Creditors: amounts falling due after more than one year	10		(410,927)		(164,278)
Provisions for liabilities
Deferred tax		(169,458)		(162,628)
Other provisions	13	(140,964)		(140,964)
			(310,422)		(303,592)
Net assets			905,169		660,946

Capital and reserves
Called up share capital		1	1
Revaluation reserve	14	46,106	46,106
Profit and loss account	14	859,062	614,839
		905,169	660,946

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WJ TIMBER TREATMENTS LTD

REGISTERED NUMBER: 08232511

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 July 2026.

D J Bullement

Director

The notes on pages 3 to 11 form part of these financial statements.

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

The Company is a private company limited by shares and registered in England and Wales. The registered office address is 3 Burma Drive, Marfleet Industrial Estate, Hull, East Yorkshire, England, HU9 5SD.

These financial statements have been presented in Pound Sterling ('£') as this is the currency of the primary economic environment in which the Company operates and rounded to the nearest pound.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors prepare forecasts and budgets and conclude that the Company has sufficient resource to continue for at least 12 months from the signing of these financial statements. Therefore, the accounts have been prepared on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Development expenditure

years

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements	-	4 years straight line
Plant and machinery	-	5 years straight line
Motor vehicles	-	5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 30 (2024 - 30).

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Intangible assets

		Development expenditure
		£
	Cost
	At 1 January 2025	3,700
	Additions	4,500
	At 31 December 2025	8,200
	Amortisation
	At 1 January 2025	577
	Charge for the year on owned assets	1,048
	At 31 December 2025	1,625
	Net book value
	At 31 December 2025	6,575
	At 31 December 2024	3,123

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Tangible fixed assets

	Leasehold improvements	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025	401,221	1,291,356	386,248	2,078,825
Additions	18,699	262,851	9,319	290,869
At 31 December 2025	419,920	1,554,207	395,567	2,369,694
Depreciation
At 1 January 2025	330,673	758,350	97,178	1,186,201
Charge for the year on owned assets	30,121	168,238	83,801	282,160
At 31 December 2025	360,794	926,588	180,979	1,468,361
Net book value
At 31 December 2025	59,126	627,619	214,588	901,333
At 31 December 2024	70,548	533,006	289,070	892,624

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


Plant and machinery	76,617	-
Motor vehicles	220,078	-
	296,695	-

6.	Stocks
		2025	2024
		£	£

	Raw materials	199,928	144,737

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	467,860	349,575
Amounts owed by group undertakings	989,551	392,811
Prepayments and accrued income	105,328	77,303
	1,562,739	819,689

8.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	52,684	425,079
	52,684	425,079

9.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	309,446	187,789
Amounts owed to group undertakings	-	33,697
Corporation tax	41,147	184,523
Other taxation and social security	124,553	109,773
Obligations under finance lease and hire purchase contracts	90,767	140,823
Other creditors	269,618	206,327
Accruals and deferred income	261,210	293,504
	1,096,741	1,156,436

Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

10.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Net obligations under finance leases and hire purchase contracts	102,984	164,278
Amounts owed to group undertakings	307,943	-

Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Within one year	90,767	140,823
Between 1-5 years	102,984	164,278
	193,751	305,101

Obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

12.	Deferred taxation

	2025	2024
	£	£

At beginning of year	162,628	-
Charged to profit or loss	6,830	162,628
At end of year	169,458	162,628

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	170,314	162,628
Short term timing differences	(856)	-
	169,458	162,628

13.	Provisions

	Warranty provision	Dilapidations provision	Total
	£	£	£

At 1 January 2025	120,964	20,000	140,964
At 31 December 2025	120,964	20,000	140,964

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WJ TIMBER TREATMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

14.

Reserves

Revaluation reserve

The revaluation reserve represents the amount of unrealised surplus created when certain items of plant and machinery were revalued, less any deferred tax provision. The reserve represents non-distributable funds.

Profit and loss account

The profit and loss accounts represents accumulated profits and losses less distributions to shareholders.

15.	Prior year adjustment

During the year, the Company reviewed its assessment of deferred taxation in respect of prior period balances. As a result of this review, it was identified that deferred tax had not previously been recognised on certain timing differences in accordance with FRS 102.

Accordingly, an adjustment has been made to recognise the deferred tax liability in the comparative period. This has been treated as a prior year adjustment, and comparative amounts have been restated in these financial statements accordingly.

The effect of the prior year adjustment on the profit and loss account for the year ended 31 December 2024 is £162,628

16.	Pension commitments

The Company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The charge to profit and loss in year the amounted to £197,238 (2024 - £27,799). At the year end £10,920 (2024 - £Nil) was outstanding.

17.	Related party transactions
	The Company has taken advantage of the exemption contained in Section 33 of the FRS102 'Related Party Disclosures' from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the Company are controlled within the group and the Company is included within the group accounts.

18.	Controlling party

The immediate parent undertaking continued to be WJTT Holdings Ltd, a company registered in England and Wales. The ultimate parent company is WJTT Group Ltd, a company registered in England and Wales.

The Directors do not consider there to be an ultimate controlling party.

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