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REGISTERED NUMBER: 03100520 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 April 2024

for

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A R Brown
A M Brown





REGISTERED OFFICE: 2 Chesterton Drive
Nailsea
Bristol
BS48 2UY





REGISTERED NUMBER: 03100520 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Balance Sheet
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,129 2,507
Investment property 5 640,000 637,317
642,129 639,824

CURRENT ASSETS
Stocks - 21,638
Debtors 6 109,178 25,324
Cash at bank and in hand 139,076 111,820
248,254 158,782
CREDITORS
Amounts falling due within one year 7 (440,329 ) (371,331 )
NET CURRENT LIABILITIES (192,075 ) (212,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,054

427,275

PROVISIONS FOR LIABILITIES (1,203 ) (665 )
NET ASSETS 448,851 426,610

CAPITAL AND RESERVES
Called up share capital 8 3,125 3,125
Capital redemption reserve 7,500 7,500
Retained earnings 438,226 415,985
SHAREHOLDERS' FUNDS 448,851 426,610

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Balance Sheet - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





A R Brown - Director


NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. COMPANY INFORMATION

Northwood Forest Products International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of the importation and sale of timber products to a number of market segments.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year 30 April 2024 and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 15% on reducing balance
Fixtures, fittings and equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

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 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and
machinery equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 10,136 601 10,737
DEPRECIATION
At 1 May 2023 7,724 506 8,230
Charge for year 364 14 378
At 30 April 2024 8,088 520 8,608
NET BOOK VALUE
At 30 April 2024 2,048 81 2,129
At 30 April 2023 2,412 95 2,507

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 637,317
Revaluations 2,683
At 30 April 2024 640,000
NET BOOK VALUE
At 30 April 2024 640,000
At 30 April 2023 637,317

NORTHWOOD FOREST PRODUCTS INTERNATIONAL
LIMITED (REGISTERED NUMBER: 03100520)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 2,683
Cost 637,317
640,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 637,317 -

Investment properties were valued on a fair value basis on 30 April 2024 by the directors of the company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,350 21,427
Other debtors 651 625
Tax - 1,372
Prepayments 3,177 1,900
109,178 25,324

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 70,041 29,697
Tax 5,253 -
Social security and other taxes 407 600
VAT 18,619 13,853
Directors' loan accounts 325,000 325,000
Accruals and deferred income 21,009 2,181
440,329 371,331

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,125 Ordinary £1 3,125 3,125