REGISTERED NUMBER: 05473995 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

Certainly Wood Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S G Snell

N H Snell

I Burgess

S Taylor

REGISTERED OFFICE:

Lower Lulham

Lulham

Madley

Hereford

Herefordshire

HR2 9JJ

REGISTERED NUMBER:

05473995 (England and Wales)

AUDITORS:

DJH Audit Limited

Statutory Auditors

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

FIXED ASSETS

Intangible assets

4

95,768

92,507

Tangible assets

5

1,788,338

619,743

1,884,106

712,250

CURRENT ASSETS

Stocks

1,423,855

819,637

Debtors

6

216,318

345,730

Cash at bank and in hand

3,040,088

4,305,962

4,680,261

5,471,329

CREDITORS

Amounts falling due within one year

7

(719,856

)

(2,373,240

)

NET CURRENT ASSETS

3,960,405

3,098,089

TOTAL ASSETS LESS CURRENT LIABILITIES

5,844,511

3,810,339

CREDITORS

Amounts falling due after more than one year

8

(28,286

)

(11,886

)

PROVISIONS FOR LIABILITIES

10

(308,083

)

(154,936

)

ACCRUALS AND DEFERRED INCOME

(170,744

)

(189,715

)

NET ASSETS

5,337,398

3,453,802

CAPITAL AND RESERVES

Called up share capital

11

38,642

26,075

Share premium

142,406

142,406

Capital redemption reserve

9,778

6,519

Gwernyfed Wood Merger

1,008,235

-

Retained earnings

4,138,337

3,278,802

SHAREHOLDERS' FUNDS

5,337,398

3,453,802

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 Statement of Income and Retained Earnings has not been delivered.

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

S Taylor - Director

1.	STATUTORY INFORMATION

Certainly Wood 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.

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

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 2025, is being amortised evenly over its estimated useful life of ten 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Freehold property

-

15% on reducing balance and 10% on reducing balance

Plant and machinery

-

33% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on reducing balance

Government grants

Government grants are classified as either capital or revenue. Capital grants are credited to a deferral account and released to the profit and loss account at the same rate as the related asset is depreciated.

Grants of a revenue nature are recognised using the accrual model so that the grant income, that represents

compensation for past expenditure or losses, is recognised in the same period as it becomes receivable.

Stocks

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

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 18 (2025 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2025

28,488

156,916

185,404

Additions

-

24,037

24,037

At 31 March 2026

28,488

180,953

209,441

AMORTISATION

At 1 April 2025

25,929

66,968

92,897

Charge for year

256

20,520

20,776

At 31 March 2026

26,185

87,488

113,673

NET BOOK VALUE

At 31 March 2026

2,303

93,465

95,768

At 31 March 2025

2,559

89,948

92,507

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

359,443

534,732

158,687

51,428

1,104,290

Additions

635,137

469,385

369,285

-

1,473,807

Disposals

-

(294,109

)

(141,393

)

(56,154

)

(491,656

)

At 31 March 2026

994,580

710,008

386,579

(4,726

)

2,086,441

DEPRECIATION

At 1 April 2025

112,548

244,707

78,445

48,847

484,547

Charge for year

33,888

33,414

17,373

769

85,444

Eliminated on disposal

-

(137,788

)

(78,197

)

(55,903

)

(271,888

)

At 31 March 2026

146,436

140,333

17,621

(6,287

)

298,103

NET BOOK VALUE

At 31 March 2026

848,144

569,675

368,958

1,561

1,788,338

At 31 March 2025

246,895

290,025

80,242

2,581

619,743

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

214,787

345,730

Other debtors

1,531

-

216,318

345,730

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 9)

13,341

13,552

Trade creditors

160,818

124,503

Taxation and social security

502,305

607,142

Other creditors

43,392

1,628,043

719,856

2,373,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 9)

28,286

11,886

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Net obligations repayable:

Within one year

13,341

13,552

Between one and five years

28,286

11,886

41,627

25,438

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

308,083

154,936

Deferred

tax

£

Balance at 1 April 2025

154,936

Movement in year

153,147

Balance at 31 March 2026

308,083

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

22,816

Ordinary (subdivided into two

different classes)

£1

22,816

26,075

15,826

Ordinary (subdivided into two

different classes)

£1

15,826

-

38,642

26,075

The ordinary shares are subdivided into four classes that carry full voting rights but can receive different levels of dividend. The classes of ordinary share are split as follows:-

2026

2025

Ordinary "A"

11,408

11,408

Ordinary "B"

11,408

11,408

Ordinary "C"

14,295

-

Ordinary "D"

1,531

3,259

38,642

26,075

Ordinary "D" shares were held by RDC which were bought back during the year. The amount stated for 2026 were shares held by ST and alloted in October 2025. But these have not been fully paid as above and the balance for these is within other debtors.

Business Combinations

During the year the Company acquired the trade and assets of Gwernyfed Wood. The consideration was satisfied by the issue of new Ordinary "C" shares of £1 each. The acquisition has been accounted for using the purchase method.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Tong ACA FCCA (Senior Statutory Auditor)

for and on behalf of DJH Audit Limited