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REGISTERED NUMBER: 06789032















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024

FOR

FOREST LOGISTICS LIMITED

FOREST LOGISTICS LIMITED (REGISTERED NUMBER: 06789032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOREST LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S G Meakins
C S Meakins





SECRETARY:





REGISTERED OFFICE: Unit 1A Hightown Ind Estate
Crow Arch Lane
Ringwood
Hampshire
BH24 1ND





REGISTERED NUMBER: 06789032





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Elson Geaves
Forest Links Road
Ferndown
Dorset
BH22 9PH

FOREST LOGISTICS LIMITED (REGISTERED NUMBER: 06789032)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 156,982 108,166
156,982 108,166

CURRENT ASSETS
Debtors 6 247,720 250,310
Cash at bank and in hand 1,902,894 1,504,519
2,150,614 1,754,829
CREDITORS
Amounts falling due within one year 7 292,539 249,809
NET CURRENT ASSETS 1,858,075 1,505,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,015,057

1,613,186

PROVISIONS FOR LIABILITIES 39,246 20,552
NET ASSETS 1,975,811 1,592,634

CAPITAL AND RESERVES
Called up share capital 32 30
Retained earnings 1,975,779 1,592,604
SHAREHOLDERS' FUNDS 1,975,811 1,592,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

FOREST LOGISTICS LIMITED (REGISTERED NUMBER: 06789032)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




S G Meakins - Director



C S Meakins - Director


FOREST LOGISTICS LIMITED (REGISTERED NUMBER: 06789032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Forest Logistics Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 2016, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business during the year, is being amortised evenly over its estimated useful life of five years. Existing goodwill that was paid in connection with the acquisition of a business in 2009 was being amortised over twenty years. During the year ended 31 January 2016 a review of the estimated useful life of this goodwill was undertaken and a decision was made to amortise the remaining goodwill evenly over five 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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.


FOREST LOGISTICS LIMITED (REGISTERED NUMBER: 06789032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 31,786
AMORTISATION
At 1 February 2023
and 31 January 2024 31,786
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

FOREST LOGISTICS LIMITED (REGISTERED NUMBER: 06789032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 241,572
Additions 103,688
Disposals (8,032 )
At 31 January 2024 337,228
DEPRECIATION
At 1 February 2023 133,406
Charge for year 52,331
Eliminated on disposal (5,491 )
At 31 January 2024 180,246
NET BOOK VALUE
At 31 January 2024 156,982
At 31 January 2023 108,166

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 225,770 243,360
Other debtors 21,950 6,950
247,720 250,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,395 19,817
Trade creditors 95,076 94,306
Taxation and social security 165,192 117,272
Other creditors 16,876 18,414
292,539 249,809