Company Registration No. SC655137 (Scotland)
D B Forestry Limited
Unaudited accounts
for the year ended 28 February 2023
D B Forestry Limited
Unaudited accounts
Contents
D B Forestry Limited
Company Information
for the year ended 28 February 2023
Director
Donald Malcolm Blackstock
Company Number
SC655137 (Scotland)
Registered Office
BIGLIES
BIGLIES FARM HOUSE
WEST KILBRIDE
NORTH AYRSHIRE
KA23 9QP
UNITED KINGDOM
Accountants
Scottish Tax Bureau
94 Hope Street
Glasgow
G2 6PH
D B Forestry Limited
Statement of financial position
as at 28 February 2023
Tangible assets
33,794
25,059
Cash at bank and in hand
404
1,257
Creditors: amounts falling due within one year
(61,763)
(41,089)
Net current liabilities
(61,359)
(39,832)
Total assets less current liabilities
(27,565)
(14,773)
Creditors: amounts falling due after more than one year
(16,613)
-
Net liabilities
(44,178)
(14,773)
Called up share capital
2
2
Profit and loss account
(44,180)
(14,775)
Shareholders' funds
(44,178)
(14,773)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
Donald Malcolm Blackstock
Director
Company Registration No. SC655137
D B Forestry Limited
Notes to the Accounts
for the year ended 28 February 2023
D B Forestry Limited is a private company, limited by shares, registered in Scotland, registration number SC655137. The registered office is BIGLIES, BIGLIES FARM HOUSE, WEST KILBRIDE, NORTH AYRSHIRE, KA23 9QP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
10,850
29,500
40,350
At 28 February 2023
30,850
29,500
60,350
At 1 March 2022
4,635
10,656
15,291
Charge for the year
6,554
4,711
11,265
At 28 February 2023
11,189
15,367
26,556
At 28 February 2023
19,661
14,133
33,794
At 28 February 2022
6,215
18,844
25,059
D B Forestry Limited
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
5,496
-
Taxes and social security
395
1,802
Other creditors
4,835
3,719
Loans from directors
51,037
35,568
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
16,613
-
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).