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M J O Forestry Limited

Registered Number
04789085
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

M J O Forestry Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mr Marc John Odin

Company Secretary

Mrs Cherry Odin

Registered Address

The Pickle Yard
West Dean
Chichester
PO18 0RF

Registered Number

04789085 (England and Wales)
M J O Forestry Limited
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3518,434573,763
518,434573,763
Current assets
Stocks310,339265,135
Debtors115,410101,591
Cash at bank and on hand101,937192,442
527,686559,168
Creditors amounts falling due within one year(432,481)(523,324)
Net current assets (liabilities)95,20535,844
Total assets less current liabilities613,639609,607
Creditors amounts falling due after one year(79,009)(122,867)
Provisions for liabilities(128,602)(142,213)
Net assets406,028344,527
Capital and reserves
Called up share capital22
Profit and loss account406,026344,525
Shareholders' funds406,028344,527
The financial statements were approved and authorised for issue by the Director on 5 March 2025, and are signed on its behalf by:
Mr Marc John Odin
Director
Registered Company No. 04789085
M J O Forestry Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Vehicles25-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year1915
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 231,125,063
Additions39,050
At 30 June 241,164,113
Depreciation and impairment
At 01 July 23551,301
Charge for year94,378
At 30 June 24645,679
Net book value
At 30 June 24518,434
At 30 June 23573,763
4.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts79,009122,867
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr Marc John Odin48,68960,01151,03557,665
48,68960,01151,03557,665
The official rate of interest has been charged 2.5%.