1 February 2023 false No description of principal activity Taxfiler 2024.5 SC523415business:PrivateLimitedCompanyLtd2023-02-012024-01-31 SC5234152023-01-31 SC5234152023-02-012024-01-31 SC523415business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 SC523415business:FilletedAccounts2023-02-012024-01-31 SC5234152024-01-31 SC523415business:Director12023-02-012024-01-31 SC523415business:RegisteredOffice2023-02-012024-01-31 SC5234152023-01-31 SC523415core:WithinOneYear2024-01-31 SC523415core:WithinOneYear2023-01-31 SC523415core:AfterOneYear2024-01-31 SC523415core:AfterOneYear2023-01-31 SC523415core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 SC523415core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 SC523415core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 SC523415core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 SC523415core:PreviouslyStatedAmount2024-01-31 SC523415core:PreviouslyStatedAmount2023-01-31 SC523415business:SmallEntities2023-02-012024-01-31 SC523415countries:Scotland2023-02-012024-01-31 SC523415core:PlantMachinery2023-02-012024-01-31 SC523415core:MotorVehicles2023-02-012024-01-31 SC523415core:ComputerEquipment2023-02-012024-01-31 SC523415core:PlantMachinery2023-01-31 SC523415core:MotorVehicles2023-01-31 SC523415core:ComputerEquipment2023-01-31 SC523415core:PlantMachinery2024-01-31 SC523415core:MotorVehicles2024-01-31 SC523415core:ComputerEquipment2024-01-31 SC5234152022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. SC523415 (Scotland)
SWORD FORESTRY LTD Unaudited accounts for the year ended 31 January 2024
SWORD FORESTRY LTD Unaudited accounts Contents
Page
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SWORD FORESTRY LTD Company Information for the year ended 31 January 2024
Director
Scott Hardie
Company Number
SC523415 (Scotland)
Registered Office
HARGAN WATERLOO BANKFOOT PERTH PH1 4AP SCOTLAND
Accountants
B&L - TaxKings 61 George Street Perth PH1 5LB
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SWORD FORESTRY LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
192,367 
247,012 
Current assets
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)
Capital and reserves
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
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SWORD FORESTRY LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 January 2024
138,128 
52,777 
1,462 
192,367 
At 31 January 2023
193,966 
51,453 
1,593 
247,012 
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SWORD FORESTRY LTD Notes to the Accounts for the year ended 31 January 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,395 
34,992 
Taxes and social security
4,223 
2,539 
Other creditors
49,555 
- 
Loans from directors
33,785 
10,374 
Accruals
726 
792 
105,684 
48,697 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,795 
34,577 
Obligations under finance leases and hire purchase contracts
191,245 
248,059 
217,040 
282,636 
7
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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