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REGISTERED NUMBER: SC255830 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 November 2021

for

Eric Boyd Forestry Limited

Eric Boyd Forestry Limited (Registered number: SC255830)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eric Boyd Forestry Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: E A Boyd
Mrs M Boyd





SECRETARY: Mrs M Boyd





REGISTERED OFFICE: McLay, McAlister & McGibbon
145 St Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC255830 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Eric Boyd Forestry Limited (Registered number: SC255830)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 42,148 48,574
45,148 53,074

CURRENT ASSETS
Stocks 104,299 152,185
Debtors 6 97,059 178,286
Cash at bank 279,709 142,587
481,067 473,058
CREDITORS
Amounts falling due within one year 7 (157,593 ) (108,520 )
NET CURRENT ASSETS 323,474 364,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,622

417,612

CREDITORS
Amounts falling due after more than one
year

8

(35,833

)

(45,000

)

PROVISIONS FOR LIABILITIES (8,008 ) (9,229 )
NET ASSETS 324,781 363,383

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 324,681 363,283
SHAREHOLDERS' FUNDS 324,781 363,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

Eric Boyd Forestry Limited (Registered number: SC255830)

Balance Sheet - continued
30 November 2021


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:





E A Boyd - Director


Eric Boyd Forestry Limited (Registered number: SC255830)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Eric Boyd Forestry Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover
Turnover represents net invoiced sales of services, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.

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.
Plant and machinery etc - 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Eric Boyd Forestry Limited (Registered number: SC255830)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2020
and 30 November 2021 30,000
AMORTISATION
At 1 December 2020 25,500
Charge for year 1,500
At 30 November 2021 27,000
NET BOOK VALUE
At 30 November 2021 3,000
At 30 November 2020 4,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020 112,687
Additions 12,396
At 30 November 2021 125,083
DEPRECIATION
At 1 December 2020 64,113
Charge for year 18,822
At 30 November 2021 82,935
NET BOOK VALUE
At 30 November 2021 42,148
At 30 November 2020 48,574

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 90,043 172,035
Other debtors 7,016 6,251
97,059 178,286

Eric Boyd Forestry Limited (Registered number: SC255830)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade creditors 4,244 -
Taxation and social security 110,453 97,993
Other creditors 42,896 10,527
157,593 108,520

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Other creditors 35,833 45,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 5,000