Ash (Timber) Limited - Filleted accounts

Registered number

02576130

Ash (Timber) Limited

Unaudited Filleted Accounts

31 January 2026

Ash (Timber) Limited
Registered number:		02576130
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		9,000			12,000
Tangible assets	4		98,267			62,100
			107,267			74,100

Current assets
Stocks		109,975			109,975
Debtors	5	50,931			53,000
Cash at bank and in hand		50,462			49,674
		211,368			212,649

Creditors: amounts falling due within one year	6	(173,524)			(131,023)

Net current assets			37,844			81,626

Total assets less current liabilities			145,111			155,726

Creditors: amounts falling due after more than one year	7		(71,075)			(56,041)



Net assets			74,036			99,685

Capital and reserves
Called up share capital			2			2
Profit and loss account			74,034			99,683

Shareholder's funds			74,036			99,685

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Alan Hartley
Director
Approved by the board on 11 August 2026

Ash (Timber) Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles		25% reducing balance
	Plant and machinery		20% reducing balance
	Fixtures and fittings		15% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		8


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 February 2025					18,000
	At 31 January 2026					18,000

	Amortisation
	At 1 February 2025					6,000
	Provided during the year					3,000
	At 31 January 2026					9,000

	Net book value
	At 31 January 2026					9,000
	At 31 January 2025					12,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings	Plant and machinery etc	Motor vehicles		Total
		£	£	£		£
	Cost
	At 1 February 2025	4,414	205,357	93,825		303,596
	Additions	-	5,915	62,303		68,218
	At 31 January 2026	4,414	211,272	156,128		371,814

	Depreciation
	At 1 February 2025	-	182,849	58,647		241,496
	Charge for the year	-	7,681	24,370		32,051
	At 31 January 2026	-	190,530	83,017		273,547

	Net book value
	At 31 January 2026	4,414	20,742	73,111		98,267
	At 31 January 2025	4,414	22,508	35,178		62,100


5	Debtors			2026		2025
£					£

	Trade debtors			50,931		37,126
	Other debtors			-		15,874
				50,931		53,000


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			-		19,806
	Bounce back loan			4,800		4,800
	Obligations under finance lease and hire purchase contracts			11,287		3,730
	Trade creditors			60,531		66,047
	Taxation and social security costs			27,133		31,734
	Directors loan account			55,417		1,597
	Other creditors			14,356		3,309
				173,524		131,023


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		16,250
	Bounce back loan			22,400		27,200
	Obligations under finance lease and hire purchase contracts			39,503		3,419
	Deferred taxation			9,172		9,172
				71,075		56,041


8	Other information

	Ash (Timber) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	White Moss Farm
	Greenside Way
	Middleton
	Manchester
	M24 1RX