N.B.M.Timber Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00327516 (England and Wales)

Unaudited Financial Statements

for the Period 1st May 2024 to 30th June 2025

for

N.B.M.Timber Products Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr A J Forster

REGISTERED OFFICE:

Sitwell Street

Hull

East Yorkshire

HU8 7BG

REGISTERED NUMBER:

00327516 (England and Wales)

ACCOUNTANTS:

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

4

1,333,219

1,136,368

CURRENT ASSETS

Stocks

688,761

654,395

Debtors

4,029,448

1,367,961

Cash at bank

258,827

920,448

4,977,036

2,942,804

CREDITORS

Amounts falling due within one year

2,707,264

1,264,174

NET CURRENT ASSETS

2,269,772

1,678,630

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,602,991

2,814,998

CREDITORS

Amounts falling due after more than one
year

5

(588,349

)

-

PROVISIONS FOR LIABILITIES

(216,378

)

(206,141

)

NET ASSETS

2,798,264

2,608,857

CAPITAL AND RESERVES

Called up share capital

200

Revaluation reserve

567,257

400,530

Retained earnings

2,230,807

2,208,127

SHAREHOLDERS' FUNDS

2,798,264

2,608,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30th June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th July 2026 and were signed by:

Mr A J Forster - Director

1.	STATUTORY INFORMATION

N.B.M.Timber Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company extended its reporting period from 30th April 2025 to 30th June 2025 in order to align with associated companies and therefore the comparative amounts presented in these financial statements (including the notes) are not entirely comparable.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

over 10 and 20 years

Plant and machinery etc

-

over 2 to 20 years and over 4 to 5 years

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 (2024 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st May 2024

2,829,951

Additions

115,670

Revaluations

(90,355

)

At 30th June 2025

2,855,266

DEPRECIATION

At 1st May 2024

1,693,583

Charge for period

90,805

Revaluation adjustments

(262,341

)

At 30th June 2025

1,522,047

NET BOOK VALUE

At 30th June 2025

1,333,219

At 30th April 2024

1,136,368

Cost or valuation at 30th June 2025 is represented by:

Totals

£

Valuation in 2015

230,680

Valuation in 2025

(90,355

)

Cost

2,714,941

2,855,266

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

659,675

Aggregate depreciation

468,453

448,013

Value of land in freehold land and buildings

450,000

Freehold land and buildings were valued on an open market basis on 30th June 2025 by the director .

The net book value of tangible fixed assets includes £ 59,000 in respect of assets held under hire purchase contracts.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

2025

2024

£

Repayable by instalments

Bank loans more 5 yr by instal

537,584

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

600,000

-

Factoring account

835,132

-

1,435,132

-

The bank loan and factoring account are secured by a charge over all of the company's assets.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N.B.M.Timber Products Limited for the period ended 30th June 2025 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of N.B.M.Timber Products Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N.B.M.Timber Products Limited and state those matters that we have agreed to state to the director of N.B.M.Timber Products Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N.B.M.Timber Products Limited and its director for our work or for this report.

It is your duty to ensure that N.B.M.Timber Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N.B.M.Timber Products Limited. You consider that N.B.M.Timber Products Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of N.B.M.Timber Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

4th July 2026