Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Charles Court 05/08/2013 Philippa Court 01/01/2022 13 March 2025 no description of principal activity 08638101 2024-08-31 08638101 bus:Director1 2024-08-31 08638101 bus:Director2 2024-08-31 08638101 2023-08-31 08638101 core:CurrentFinancialInstruments 2024-08-31 08638101 core:CurrentFinancialInstruments 2023-08-31 08638101 core:Non-currentFinancialInstruments 2024-08-31 08638101 core:Non-currentFinancialInstruments 2023-08-31 08638101 core:ShareCapital 2024-08-31 08638101 core:ShareCapital 2023-08-31 08638101 core:RetainedEarningsAccumulatedLosses 2024-08-31 08638101 core:RetainedEarningsAccumulatedLosses 2023-08-31 08638101 2022-08-31 08638101 bus:OrdinaryShareClass1 2024-08-31 08638101 2023-09-01 2024-08-31 08638101 bus:AbridgedAccounts 2023-09-01 2024-08-31 08638101 bus:SmallEntities 2023-09-01 2024-08-31 08638101 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08638101 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08638101 bus:Director1 2023-09-01 2024-08-31 08638101 bus:Director2 2023-09-01 2024-08-31 08638101 core:TopRangeValue 2023-09-01 2024-08-31 08638101 core:Goodwill 2023-09-01 2024-08-31 08638101 core:BottomRangeValue 2023-09-01 2024-08-31 08638101 2022-09-01 2023-08-31 08638101 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08638101 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08638101 (England and Wales)

JOE COURT FORESTRY LTD

Abridged Unaudited Financial Statements
For the financial year ended 31 August 2024

JOE COURT FORESTRY LTD

Abridged Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

JOE COURT FORESTRY LTD

COMPANY INFORMATION

For the financial year ended 31 August 2024
JOE COURT FORESTRY LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTORS Charles Court
Philippa Court
REGISTERED OFFICE Hascombe Woodyard Dunsfold Road
Loxhill
Godalming
GU8 4BN
United Kingdom
COMPANY NUMBER 08638101 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
JOE COURT FORESTRY LTD

BALANCE SHEET

As at 31 August 2024
JOE COURT FORESTRY LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 5 780,490 573,330
780,490 573,330
Current assets
Stocks 6 45,336 15,000
Debtors 163,865 140,607
Cash at bank and in hand 88,482 132,217
297,683 287,824
Creditors: amounts falling due within one year ( 237,999) ( 165,360)
Net current assets 59,684 122,464
Total assets less current liabilities 840,174 695,794
Creditors: amounts falling due after more than one year ( 234,633) ( 160,236)
Provision for liabilities 7 ( 195,123) ( 108,933)
Net assets 410,418 426,625
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 410,318 426,525
Total shareholders' funds 410,418 426,625

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Joe Court Forestry Ltd (registered number: 08638101) were approved and authorised for issue by the Board of Directors on 13 March 2025. They were signed on its behalf by:

Charles Court
Director
JOE COURT FORESTRY LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
JOE COURT FORESTRY LTD

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Joe Court Forestry Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hascombe Woodyard Dunsfold Road, Loxhill, Godalming, GU8 4BN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Intangible assets 5 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 5 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets 25 % reducing balance
3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Interest receivable and interest payable

2024 2023
£ £
Interest receivable and similar income 1,216 1,006
Interest payable and similar expenses ( 21,121) ( 15,635)
(19,905) (14,629)

4. Intangible assets

5. Tangible assets

6. Stocks

2024 2023
£ £
Stocks 45,336 15,000

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 108,933) ( 100,363)
Charged to the Statement of Income and Retained Earnings ( 86,190) ( 8,570)
At the end of financial year ( 195,123) ( 108,933)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100