1 April 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC3640232023-04-012024-03-31SC3640232024-03-31SC3640232023-03-31SC364023core:WithinOneYear2024-03-31SC364023core:WithinOneYear2023-03-31SC364023core:ShareCapital2024-03-31SC364023core:ShareCapital2023-03-31SC364023core:RetainedEarningsAccumulatedLosses2024-03-31SC364023core:RetainedEarningsAccumulatedLosses2023-03-31SC364023bus:Director12023-04-012024-03-31SC364023bus:RegisteredOffice2023-04-012024-03-31SC364023core:FurnitureFittings2023-04-012024-03-31SC3640232022-04-012023-03-31SC364023core:LandBuildings2024-03-31SC364023core:PlantMachinery2024-03-31SC364023core:LandBuildings2023-04-01SC364023core:PlantMachinery2023-04-01SC3640232023-04-01SC364023core:LandBuildings2023-04-012024-03-31SC364023core:PlantMachinery2023-04-012024-03-31SC364023core:LandBuildings2023-03-31SC364023core:PlantMachinery2023-03-31SC36402312023-04-012024-03-31SC364023countries:Scotland2023-04-012024-03-31SC364023bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC364023bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC364023bus:SmallEntities2023-04-012024-03-31SC364023bus:FullAccounts2023-04-012024-03-31
Company registration number:
SC364023
Enchanted Forest Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Enchanted Forest Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Enchanted Forest Limited
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
Enchanted Forest Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Enchanted Forest Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
10,209
 
26,424
 
Current assets    
Debtors 6
116,176
 
179,882
 
Cash at bank and in hand
5,278
 
11,011
 
121,454
 
190,893
 
Creditors: amounts falling due within one year 7
(763,614
)
(544,607
)
Net current liabilities
(642,160
)
(353,714
)
Total assets less current liabilities (631,951 ) (327,290 )
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
(631,953
)
(327,292
)
Shareholders deficit
(631,951
)
(327,290
)
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 March 2025
, and are signed on behalf of the board by:
Mrs Aisha Ali
Director
Company registration number:
SC364023
Enchanted Forest Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
8 Spiersbridge Way
,
Thornliebank
,
Glasgow
,
G46 8NG
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The business has net current liabilities of £642,160 (2023: £353,714) and is reliant on the support of current directors. In preparation of the financial statements, the directors have made an assessment of the company’s ability to continue as a going concern and based on the future forecasts. Based on the above indications the directors believe it remains appropriate to prepare the financial statements on a going concern basis. In making their assessment the directors have considered a period of at least 12 months from the date of signature of these financial statements

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
30
(2023:
30.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2023
and
31 March 2024
125,197
 
46,228
 
171,425
 
Depreciation      
At
1 April 2023
110,828
 
34,173
 
145,001
 
Charge
11,989
 
4,226
 
16,215
 
At
31 March 2024
122,817
 
38,399
 
161,216
 
Carrying amount      
At
31 March 2024
2,380
 
7,829
 
10,209
 
At 31 March 2023
14,369
 
12,055
 
26,424
 

6 Debtors

20242023
££
Trade debtors
689
 
10,122
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
80,265
 
126,059
 
Other debtors
35,222
 
43,701
 
116,176
 
179,882
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
62,709
 
23,449
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
652,284
 
439,532
 
Taxation and social security -  
4,911
 
Other creditors
48,621
 
76,715
 
763,614
 
544,607