REGISTERED NUMBER: 05397613 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stoke Ferry Timber Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

89,970

94,401

Current assets

Stocks

144,501

182,710

Debtors

6

56,872

77,285

Cash at bank and in hand

25,650

50,424

227,023

310,419

Creditors

Amounts falling due within one year

7

(201,377

)

(191,125

)

Net current assets

25,646

119,294

Total assets less current liabilities

115,616

213,695

Creditors

Amounts falling due after more than one year

8

(13,821

)

(28,942

)

Provisions for liabilities

(6,193

)

(18,932

)

Net assets

95,602

165,821

Capital and reserves

Called up share capital

100

100

Retained earnings

95,502

165,721

95,602

165,821

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 25 November 2025 and were signed on its behalf by:

Mr R J Bond - Director

1.	Statutory information

Stoke Ferry Timber Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05397613

Registered office:

Boughton Road

Stoke Ferry

King's Lynn

Norfolk

PE33 9ST

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Long leasehold

-

4% on cost

Plant and machinery

-

15% p.a. reducing balance

Fixtures and fittings

-

15% p.a. reducing balance

Motor vehicles

-

20% p.a. reducing balance

Computer equipment

-

15% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Stocks

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

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the 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.

4.	Employees and directors

The average number of employees during the year was 10 (2024 - 10 ) .

5.	Tangible fixed assets

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

Cost

At 1 April 2024

25,664

103,188

18,753

Additions

-

8,950

-

At 31 March 2025

25,664

112,138

18,753

Depreciation

At 1 April 2024

5,304

50,544

12,670

Charge for year

1,027

8,735

913

At 31 March 2025

6,331

59,279

13,583

Net book value

At 31 March 2025

19,333

52,859

5,170

At 31 March 2024

20,360

52,644

6,083

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

58,060

14,422

220,087

Additions

-

149

9,099

At 31 March 2025

58,060

14,571

229,186

Depreciation

At 1 April 2024

46,879

10,289

125,686

Charge for year

2,236

619

13,530

At 31 March 2025

49,115

10,908

139,216

Net book value

At 31 March 2025

8,945

3,663

89,970

At 31 March 2024

11,181

4,133

94,401

6.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

30,766

50,905

Other debtors

26,106

26,380

56,872

77,285

7.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,952

9,952

Hire purchase contracts

5,288

5,288

Trade creditors

164,863

142,452

Taxation and social security

10,339

18,358

Other creditors

10,935

15,075

201,377

191,125

8.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Bank loans

1,715

11,715

Hire purchase contracts

12,106

17,227

13,821

28,942

All monies due or to become due from the company are secured by way of a debenture including

fixed and floating charges over all the property or undertaking of the company.

Hire purchase balance of £17,394 (2024: £22,515) are secured over the assets to which they relate.