Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falsefalseNo description of principal activity1310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03739255 2021-01-01 2021-12-31 03739255 2020-01-01 2020-12-31 03739255 2021-12-31 03739255 2020-12-31 03739255 c:CompanySecretary1 2021-01-01 2021-12-31 03739255 c:Director1 2021-01-01 2021-12-31 03739255 c:Director2 2021-01-01 2021-12-31 03739255 c:RegisteredOffice 2021-01-01 2021-12-31 03739255 c:Agent1 2021-01-01 2021-12-31 03739255 d:Buildings 2021-01-01 2021-12-31 03739255 d:Buildings 2021-12-31 03739255 d:Buildings 2020-12-31 03739255 d:Buildings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03739255 d:MotorVehicles 2021-01-01 2021-12-31 03739255 d:MotorVehicles 2021-12-31 03739255 d:MotorVehicles 2020-12-31 03739255 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03739255 d:OfficeEquipment 2021-01-01 2021-12-31 03739255 d:OfficeEquipment 2021-12-31 03739255 d:OfficeEquipment 2020-12-31 03739255 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03739255 d:ComputerEquipment 2021-01-01 2021-12-31 03739255 d:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 03739255 d:OtherPropertyPlantEquipment 2021-12-31 03739255 d:OtherPropertyPlantEquipment 2020-12-31 03739255 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03739255 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 03739255 d:CurrentFinancialInstruments 2021-12-31 03739255 d:CurrentFinancialInstruments 2020-12-31 03739255 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03739255 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 03739255 d:ShareCapital 2021-12-31 03739255 d:ShareCapital 2020-12-31 03739255 d:RetainedEarningsAccumulatedLosses 2021-12-31 03739255 d:RetainedEarningsAccumulatedLosses 2020-12-31 03739255 c:FRS102 2021-01-01 2021-12-31 03739255 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 03739255 c:FullAccounts 2021-01-01 2021-12-31 03739255 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 03739255 2 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
Registered Number:03739255













LUMBERJACKS LIMITED




UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021











 
LUMBERJACKS LIMITED
 

 
COMPANY INFORMATION


Directors
A R Milner-Moore 
C R Milner-Moore 




Company secretary
Mrs Y Jewell



Registered number
03739255



Registered office
The Sawmill
Colchester Road, Wix

Manningtree

Essex

CO11 2RS




Accountants
Scrutton Bland LLP
Chartered Accountants

Fitzroy House

Crown Street

Ipswich

Suffolk

IP1 3LG




Bankers
Lloyds Bank Plc
Lloyds Avenue

Cornhill

Ipswich

Suffolk

IP1 1DG






 
LUMBERJACKS LIMITED
 


CONTENTS



Pages
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 8



 
LUMBERJACKS LIMITED
REGISTERED NUMBER:03739255


BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Notes
£
£

Fixed assets
  

Tangible assets
 5 
834,001
8,775

  
834,001
8,775

Current assets
  

Stocks
  
443,930
352,560

Debtors: amounts falling due within one year
 6 
100,418
134,585

Cash at bank and in hand
  
155,435
991,444

  
699,783
1,478,589

Creditors: amounts falling due within one year
 7 
(306,714)
(434,602)

Net current assets
  
 
 
393,069
 
 
1,043,987

Total assets less current liabilities
  
1,227,070
1,052,762

Provision for liabilities
  

Deferred tax
  
(2,741)
(1,623)

  
 
 
(2,741)
 
 
(1,623)

Net assets
  
1,224,329
1,051,139


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LUMBERJACKS LIMITED
REGISTERED NUMBER:03739255

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

2021
2020
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,224,229
1,051,039

Shareholder's funds
  
1,224,329
1,051,139


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 August 2022.




A R Milner-Moore
Director

The notes on pages 3 to 8 form part of these financial statements.


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LUMBERJACKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Lumberjacks Limited is a private Company limited by share capital, incorporated in England and Wales, registration number 03739255. The address of the registered office is The Sawmill, Colchester Road, Wix, Manningtree, Essex, CO11 2RS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Forecasting indicates that liabilities will continue to be met as they fall due for a period of at least 12
months following the date of accounts approval. The accounts are therefore prepared on a going
concern basis.
In forming this opinion the directors confirm their view that the Company will continue to trade.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

  
2.3

Government grants

Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.


- 3 -



 
LUMBERJACKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
4%
on cost
Motor vehicles and forklifts
-
10%
- 15% on cost
Office furniture and equipment
-
25%
on cost
Expenditure on leasehold property
-
25%
on cost
Freehold land is not depreciated


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


- 4 -



 
LUMBERJACKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, balances with other third parties and balances with related parties. These assets and liabilities are recognised at transaction price. 

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
2.10

Taxation

The tax expense for the year comprises current and deferred tax. 

Tax is recognised in the Profit and Loss Account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax are determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


- 5 -



 
LUMBERJACKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

  
2.11

Employee benefits

The Company contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised in profit or loss as they become payable. Any amounts unpaid are included within creditors.

  
2.12

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Preparation of the financial statements requires management to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and assumptions are based on experiences and other factors that are considered to be relevant. Actual results may differ from these estimates. The main estimations included within the accounts are stock and debtor provisions and depreciation on assets.


4.


Employees

The average monthly number of employees, including directors, during the year was 13 (2020 - 10).


- 6 -



 
LUMBERJACKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Tangible fixed assets





Freehold property
Motor Vehicles and Forklifts
Office Furniture and Equipment
Expenditure on Leasehold Property
Total

£
£
£
£
£



Cost


At 1 January 2021
-
87,878
1,888
33,036
122,802


Additions
828,312
9,000
-
-
837,312


Disposals
-
-
-
(33,036)
(33,036)



At 31 December 2021

828,312
96,878
1,888
-
927,078



Depreciation


At 1 January 2021
-
79,103
1,888
33,036
114,027


Charge for the year on owned assets
6,578
5,508
-
-
12,086


Disposals
-
-
-
(33,036)
(33,036)



At 31 December 2021

6,578
84,611
1,888
-
93,077



Net book value



At 31 December 2021
821,734
12,267
-
-
834,001



At 31 December 2020
-
8,775
-
-
8,775

Included within freehold property is land amounting to £598,462 (2020: £Nil) which is not depreciated.


6.


Debtors

2021
2020
£
£


Trade debtors
100,418
134,585



- 7 -



 
LUMBERJACKS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
192,967
323,048

Corporation tax payable
53,327
72,755

Other taxation and social security
19,278
20,688

Other creditors
41,142
18,111

306,714
434,602



8.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 19 August 2022 by  (Senior Statutory Auditor) on behalf of Scrutton Bland LLP.


- 8 -