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COMPANY REGISTRATION NUMBER: 05463345
R S FORESTRY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2023
R S FORESTRY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
R S FORESTRY LIMITED
BALANCE SHEET
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
18,428
19,208
Current assets
Debtors
7
1,683
3,754
Cash at bank and in hand
1,645
1,861
------------
------------
3,328
5,615
Creditors: amounts falling due within one year
8
( 1,195)
( 3,148)
------------
------------
Net current assets
2,133
2,467
------------
------------
Total assets less current liabilities
20,561
21,675
Provisions
Taxation including deferred tax
( 175)
( 325)
------------
------------
Net assets
20,386
21,350
------------
------------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
20,286
21,250
------------
------------
Shareholders funds
20,386
21,350
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 December 2023 , and are signed on behalf of the board by:
M R Swallow
Director
Company registration number: 05463345
R S FORESTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60 Church Street, Emley, Huddersfield, HD8 9RP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the value of goods sold and services provided net of value added tax.
Deferred taxation
Deferred taxation is provided on the liability method at anticipated future rates of taxation on differences arising from the inclusion of income and expenditure in periods different for accounts and taxation purposes.
Depreciation
The depreciation of tangible fixed assets is based on cost and is applied using the following rates:
Land - 0% per annum
Equipment and vehicles - 25% per annum reducing balance
Pension costs
Contributions to the defined contribution pension scheme are charged to the profit and loss account of the period to which they relate to.
Financial instruments
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.
4. Turnover
The company's turnover is derived entirely within the United Kingdom.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
6. Tangible assets
Freehold land
Equipment and vehicles
Total
£
£
£
Cost
At 1 July 2022 and 30 June 2023
17,500
34,188
51,688
------------
------------
------------
Depreciation
At 1 July 2022
32,480
32,480
Charge for the year
780
780
------------
------------
------------
At 30 June 2023
33,260
33,260
------------
------------
------------
Carrying amount
At 30 June 2023
17,500
928
18,428
------------
------------
------------
At 30 June 2022
17,500
1,708
19,208
------------
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
3,754
Prepayments and accrued income
1,683
------------
------------
1,683
3,754
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
804
806
Corporation tax
391
2,337
Social security and other taxes
5
------------
------------
1,195
3,148
------------
------------
9. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions
175
325
------------
------------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
11. Related party transactions
The loans set out above are owed to the shareholders. They are unsecured, interest-free and repayable on demand. The company is controlled by the director and his wife. They each received aggregate dividends of £1,000 (2022: £1,500).
12. Pension commitments
The company operates and contributes to a defined contribution pension scheme, the assets of which are held separately for those of the company in a trustee administered fund.
The pension cost charge for the year was £240 (2022: £360).