REGISTERED NUMBER:
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ALEXANDER TIMBER TRADING LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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29 APRIL 2020 TO 31 JULY 2021 |
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REGISTERED NUMBER:
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ALEXANDER TIMBER TRADING LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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29 APRIL 2020 TO 31 JULY 2021 |
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ALEXANDER TIMBER TRADING LTD (REGISTERED NUMBER: 12578872) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 APRIL 2020 TO 31 JULY 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ALEXANDER TIMBER TRADING LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 29 APRIL 2020 TO 31 JULY 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
ALEXANDER TIMBER TRADING LTD (REGISTERED NUMBER: 12578872) |
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BALANCE SHEET |
31 JULY 2021 |
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Notes | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ALEXANDER TIMBER TRADING LTD (REGISTERED NUMBER: 12578872) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 29 APRIL 2020 TO 31 JULY 2021 |
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1. | STATUTORY INFORMATION |
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Alexander Timber Trading Ltd is a
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The period of the financial statements is from the incorporation date of 29 April 2020 to 31 July 2021. |
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The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound. |
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The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied unless otherwise stated. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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There have been no material departures from Financial Reporting Standard 102 1A. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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ALEXANDER TIMBER TRADING LTD (REGISTERED NUMBER: 12578872) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 29 APRIL 2020 TO 31 JULY 2021 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Corporation tax |
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VAT |
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Other creditors |
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Accruals and deferred income |
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6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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100 Ordinary shares of £1 each were allotted and fully paid for
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8. | RELATED PARTY DISCLOSURES |
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Alexander Timber Trading Limited and R & L Carpentry Penarth Limited are companies jointly owned by A A Reid and R A Lakin. |
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Transactions and balances with R & L Carpentry Penarth Limited during the period are as follows: |
£ |
Sales to R &L Carpentry Penarth | 24,264 |
Purchases from R &L Carpentry Penarth | (34,692 | ) |
Trade debtors balance | 9,590 |
Trade creditors balance | (19,440 | ) |
Other creditors balance | (50,000 | ) |
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During the year, the company received cashflow support from a related party, Charles M Willie & Co (Shipping) Limited in respect of support with purchase ledger payments and subsequent repayment in full. No balance was outstanding at the period end. |