REGISTERED NUMBER: 05705783 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

QP TIMBER LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H R Svensson

REGISTERED OFFICE:

34-36 Crouch Street

Colchester

Essex

CO3 3HH

REGISTERED NUMBER:

05705783 (England and Wales)

ACCOUNTANTS:

Richard Sexton & Co LLP

3 Manor Road

Colchester

Essex

CO3 3LU

FIXED ASSETS

Intangible assets

4

-

21,000

Tangible assets

5

519,026

554,307

519,026

575,307

CURRENT ASSETS

Stocks

43,462

59,985

Debtors

6

815,400

658,520

Cash at bank

638,543

210,570

1,497,405

929,075

CREDITORS

Amounts falling due within one year

7

992,187

673,400

NET CURRENT ASSETS

505,218

255,675

TOTAL ASSETS LESS CURRENT LIABILITIES

1,024,244

830,982

CREDITORS

Amounts falling due after more than one year

8

-

(4,750

)

PROVISIONS FOR LIABILITIES

(41,270

)

(45,770

)

NET ASSETS

982,974

780,462

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

982,874

780,362

SHAREHOLDERS' FUNDS

982,974

780,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 25 August 2026 and were signed by:

H R Svensson - Director

1.	STATUTORY INFORMATION

QP Timber 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.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tenant improvements

-

over the period of the lease

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

33% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

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 21 (2025 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

420,000

AMORTISATION

At 1 April 2025

399,000

Amortisation for year

21,000

At 31 March 2026

420,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

21,000

The goodwill was acquired on purchase of the business of Q P Timber on 1 April 2006.

5.	TANGIBLE FIXED ASSETS

Fixtures

Tenant

and

Motor

Office

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

557,840

496

20,983

100,728

680,047

Additions

-

-

-

22,361

22,361

At 31 March 2026

557,840

496

20,983

123,089

702,408

DEPRECIATION

At 1 April 2025

74,232

397

6,924

44,187

125,740

Charge for year

37,201

20

4,640

15,781

57,642

At 31 March 2026

111,433

417

11,564

59,968

183,382

NET BOOK VALUE

At 31 March 2026

446,407

79

9,419

63,121

519,026

At 31 March 2025

483,608

99

14,059

56,541

554,307

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

579,549

498,557

Other debtors

23,433

23,151

Amount owed by holding company

124,103

73,518

Prepayments and accrued income

88,315

63,294

815,400

658,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

211,013

229,741

Amounts owed to associates

-

580

Corporation tax

97,860

31,810

Social security and other taxes

128,786

75,658

Accruals

554,528

335,611

992,187

673,400

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other long term creditors

-

4,750

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

132,754

111,246

Between one and five years

350,871

360,974

In more than five years

424,650

494,950

908,275

967,170

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its parent, QP (East Anglia) Holdings Limited.

The company is ultimately under the control of H R Svensson who owns 100% of the issued share capital

in QP (East Anglia) Holdings Limited.