Company Registration No. SC523415 (Scotland)
SWORD FORESTRY LTD
Unaudited accounts
for the year ended 31 January 2024
SWORD FORESTRY LTD
Unaudited accounts
Contents
SWORD FORESTRY LTD
Company Information
for the year ended 31 January 2024
Company Number
SC523415 (Scotland)
Registered Office
HARGAN
WATERLOO BANKFOOT
PERTH
PH1 4AP
SCOTLAND
Accountants
B&L - TaxKings
61 George Street
Perth
PH1 5LB
SWORD FORESTRY LTD
Statement of financial position
as at 31 January 2024
Tangible assets
192,367
247,012
Cash at bank and in hand
21,061
52,482
Creditors: amounts falling due within one year
(105,684)
(48,697)
Net current (liabilities)/assets
(84,623)
3,785
Total assets less current liabilities
107,744
250,797
Creditors: amounts falling due after more than one year
(217,040)
(282,636)
Net liabilities
(109,296)
(31,839)
Called up share capital
2
2
Profit and loss account
(109,298)
(31,841)
Shareholders' funds
(109,296)
(31,839)
For the year ending 31 January 2024 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 27 September 2024 and were signed on its behalf by
Scott Hardie
Director
Company Registration No. SC523415
SWORD FORESTRY LTD
Notes to the Accounts
for the year ended 31 January 2024
SWORD FORESTRY LTD is a private company, limited by shares, registered in Scotland, registration number SC523415. The registered office is HARGAN, WATERLOO BANKFOOT, PERTH, PH1 4AP, SCOTLAND.
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
Computer equipment
25% - Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
337,070
75,130
2,672
414,872
Additions
15,524
22,290
357
38,171
Disposals
(60,000)
(7,995)
-
(67,995)
At 31 January 2024
292,594
89,425
3,029
385,048
At 1 February 2023
143,104
23,677
1,079
167,860
Charge for the year
46,050
17,593
488
64,131
On disposals
(34,688)
(4,622)
-
(39,310)
At 31 January 2024
154,466
36,648
1,567
192,681
At 31 January 2024
138,128
52,777
1,462
192,367
At 31 January 2023
193,966
51,453
1,593
247,012
SWORD FORESTRY LTD
Notes to the Accounts
for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,223
2,539
Loans from directors
33,785
10,374
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
191,245
248,059
7
Average number of employees
During the year the average number of employees was 6 (2023: 5).