REGISTERED NUMBER: 06875130 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

A1 Pallets & Timber Products Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Lymer

Ms D L Lymer

REGISTERED OFFICE:

Brooke Building

Shepcote Lane

Sheffield

South Yorkshire

S9 1QT

REGISTERED NUMBER:

06875130 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Property, plant and equipment

4

19,648

22,819

CURRENT ASSETS

Inventories

48,320

33,494

Debtors

5

121,635

116,066

Cash at bank and in hand

8,299

2,913

178,254

152,473

CREDITORS

Amounts falling due within one year

6

309,527

314,979

NET CURRENT LIABILITIES

(131,273

)

(162,506

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(111,625

)

(139,687

)

CREDITORS

Amounts falling due after more than one year

7

11,552

16,937

NET LIABILITIES

(123,177

)

(156,624

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(123,180

)

(156,627

)

(123,177

)

(156,624

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2026 and were signed on its behalf by:

Ms D L Lymer - Director

1.	STATUTORY INFORMATION

A1 Pallets & Timber Products Ltd 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 (£).

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.

Turnover

Revenue 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 each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Inventories 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 inventories to their present location and condition.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 10 (2024 - 10 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

50,793

247

35,145

152

86,337

Additions

3,200

-

-

-

3,200

At 31 October 2025

53,993

247

35,145

152

89,537

DEPRECIATION

At 1 November 2024

41,223

214

21,941

140

63,518

Charge for year

3,059

8

3,301

3

6,371

At 31 October 2025

44,282

222

25,242

143

69,889

NET BOOK VALUE

At 31 October 2025

9,711

25

9,903

9

19,648

At 31 October 2024

9,570

33

13,204

12

22,819

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

117,751

112,489

Prepayments and accrued income

3,884

3,577

121,635

116,066

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

22,561

22,611

Hire purchase contracts

6,176

5,822

Trade creditors

26,877

34,420

Tax

200

200

Social security and other taxes

10,086

11,265

VAT

102,788

100,899

Factoring account

92,337

71,690

Wages control

2,581

1,774

Pension control

1,092

2,112

Other creditors

7,900

18,650

Directors' current accounts

35,129

43,596

Accruals and deferred income

1,800

1,940

309,527

314,979

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

7,778

6,987

Hire purchase contracts

3,774

9,950

11,552

16,937

8.	GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the company will continue to trade. This is based on the ongoing financial support of the Directors.