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REGISTERED NUMBER: SC449639 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ARGYLL FORESTRY LIMITED

ARGYLL FORESTRY LIMITED (REGISTERED NUMBER: SC449639)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARGYLL FORESTRY LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: M Swailes





REGISTERED OFFICE: Dalmally Road
Inveraray
Argyll
PA32 8XD





REGISTERED NUMBER: SC449639 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

ARGYLL FORESTRY LIMITED (REGISTERED NUMBER: SC449639)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 108,615 100,348

CREDITORS
Amounts falling due within one year 5 79,389 65,545
NET CURRENT ASSETS 29,226 34,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,226

34,803

CREDITORS
Amounts falling due after more than one year 6 29,126 34,703
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 100 100
SHAREHOLDERS' FUNDS 100 100

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





M Swailes - Director


ARGYLL FORESTRY LIMITED (REGISTERED NUMBER: SC449639)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Argyll Forestry Limited is a private company, limited by shares , registered in Scotland. 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,615 100,348
Other debtors 3,000 -
108,615 100,348

ARGYLL FORESTRY LIMITED (REGISTERED NUMBER: SC449639)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,623 22,869
Trade creditors 13,984 5,270
Taxation and social security 33,972 31,620
Other creditors 5,810 5,786
79,389 65,545

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,126 34,703

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,903 12,480

7. RELATED PARTY DISCLOSURES

All sales during the year are made on an arms length basis to Mr M Swailes who is also a director of the company.