2023-04-01 NI070707 2024-03-31 NI070707 2023-04-01 2024-03-31 NI070707 2023-03-31 NI070707 2022-04-01 2023-03-31 NI070707 uk-core:WithinOneYear 2023-03-31 NI070707 uk-core:WithinOneYear 2024-03-31 NI070707 uk-core:AfterOneYear 2023-03-31 NI070707 uk-core:AfterOneYear 2024-03-31 NI070707 uk-core:ShareCapital 2024-03-31 NI070707 uk-core:ShareCapital 2023-03-31 NI070707 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI070707 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI070707 uk-bus:Director1 2023-04-01 2024-03-31 NI070707 uk-core:LandBuildings 2023-04-01 2024-03-31 NI070707 uk-core:PlantMachinery 2023-04-01 2024-03-31 NI070707 uk-core:ComputerEquipment 2023-04-01 2024-03-31 NI070707 uk-core:CommercialMotorVehicles 2023-04-01 2024-03-31 NI070707 uk-core:FurnitureFittings 2023-04-01 2024-03-31 NI070707 uk-core:ComputerEquipment 2023-03-31 NI070707 uk-core:FurnitureFittings 2023-03-31 NI070707 uk-core:CommercialMotorVehicles 2023-03-31 NI070707 uk-core:PlantMachinery 2023-03-31 NI070707 uk-core:LandBuildings 2023-03-31 NI070707 uk-core:LandBuildings 2024-03-31 NI070707 uk-core:CommercialMotorVehicles 2024-03-31 NI070707 uk-core:FurnitureFittings 2024-03-31 NI070707 uk-core:ComputerEquipment 2024-03-31 NI070707 uk-core:PlantMachinery 2024-03-31 NI070707 uk-core:CostValuation 2023-03-31 NI070707 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-03-31 NI070707 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 NI070707 uk-core:CostValuation 2024-03-31 NI070707 uk-core:Non-currentFinancialInstruments 2024-03-31 NI070707 uk-core:Non-currentFinancialInstruments 2023-03-31 NI070707 uk-core:WithinOneYear 2024-03-31 NI070707 uk-core:WithinOneYear 2023-03-31 NI070707 uk-core:AfterOneYear uk-core:Secured 2024-03-31 NI070707 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure NI070707 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI070707 uk-bus:FRS102 2023-04-01 2024-03-31 NI070707 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 NI070707 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Hawthorne Forest Products Limited
Registered Number:NI070707
For the year ended 31 March 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Hawthorne Forest Products Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI070707
As at 31 March 2024
Hawthorne Forest Products Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
777,527
702,899
2
Financial assets
10
10
3
777,537
702,909
Current assets
Inventories
1,431,341
2,485,496
4
Trade and other receivables
579,871
617,833
5
405,099
Cash and cash equivalents
60,908
3,164,237
2,416,311
Trade and other payables: amounts falling due within one
year
(819,283)
(1,734,970)
6
1,597,028
1,429,267
Net current assets
Total assets less current liabilities
2,206,804
2,299,937
Trade and other payables: amounts falling due after more
than one year
(599,096)
(479,250)
7
(32,404)
(68,254)
Provisions for liabilities
1,695,150
Net assets
1,632,587
Capital and reserves
Called up share capital
10,199
10,199
Retained earnings
1,684,951
1,622,388
1,695,150
1,632,587
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
NI070707
For the year ended 31 March 2024
Hawthorne Forest Products Limited
Statement of Financial Position Continued
Mr David Hawthorne Director
These financial statements were approved and authorised for issue by the Board on 15 November 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Hawthorne Forest Products Limited
Notes to the Financial Statements
Statutory Information
Hawthorne Forest Products Limited is a private limited company, limited by shares, domiciled in Northern Ireland,
registration number NI070707.
Registered address:
31 Markethill Road
Newtownhamilton
County Down
BT35 0BE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0%
Plant and Machinery
20% Reducing balance
15% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 March 2024
Hawthorne Forest Products Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 April 2023
1,267,480
18,428
39,412
127,618
1,082,022
-
180,392
4,593
220
9,500
115,963
50,116
Additions
At 31 March 2024
50,116
137,118
39,632
23,021
1,447,872
1,197,985
Provision for depreciation and impairment
At 01 April 2023
564,581
5,543
20,966
27,806
510,266
-
Charge for year
105,764
2,143
2,775
20,280
80,566
-
At 31 March 2024
670,345
7,686
23,741
48,086
590,832
-
At 31 March 2024
Net book value
50,116
607,153
89,032
15,891
15,335
777,527
-
571,756
99,812
18,446
12,885
702,899
At 31 March 2023
3. Investments held as fixed assets
Other investments
Total
At 01 April 2023
10
10
Cost
£
£
At 31 March 2024
10
10
At 31 March 2024
Net book value
10
10
At 01 April 2023
10
10
4. Inventories
2023
2024
£
£
Stocks
2,485,496
1,431,341
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7
For the year ended 31 March 2024
Hawthorne Forest Products Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
202,010
409,329
Prepayments and accrued income
30,259
13,439
Other debtors
385,564
157,103
579,871
617,833
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
38,382
88,980
Trade creditors
1,473,251
512,795
Taxation and social security
2,353
24,687
Other creditors
220,984
192,821
1,734,970
819,283
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
26,260
Other creditors
479,250
572,836
479,250
599,096
8. Average number of persons employed
During the year the average number of employees was 30 (2023 : 30)
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