Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08442766 Mr Andrew Falcon Mrs Victoria Falcon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08442766 2024-03-31 08442766 2025-03-31 08442766 2024-04-01 2025-03-31 08442766 frs-core:CurrentFinancialInstruments 2025-03-31 08442766 frs-core:BetweenOneFiveYears 2025-03-31 08442766 frs-core:NetGoodwill 2025-03-31 08442766 frs-core:NetGoodwill 2024-04-01 2025-03-31 08442766 frs-core:NetGoodwill 2024-03-31 08442766 frs-core:MotorVehicles 2024-04-01 2025-03-31 08442766 frs-core:PlantMachinery 2025-03-31 08442766 frs-core:PlantMachinery 2024-04-01 2025-03-31 08442766 frs-core:PlantMachinery 2024-03-31 08442766 frs-core:WithinOneYear 2025-03-31 08442766 frs-core:ShareCapital 2025-03-31 08442766 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08442766 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08442766 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08442766 frs-bus:SmallEntities 2024-04-01 2025-03-31 08442766 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08442766 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08442766 frs-bus:Director1 2024-04-01 2025-03-31 08442766 frs-bus:Director2 2024-04-01 2025-03-31 08442766 frs-countries:EnglandWales 2024-04-01 2025-03-31 08442766 2023-03-31 08442766 2024-03-31 08442766 2023-04-01 2024-03-31 08442766 frs-core:CurrentFinancialInstruments 2024-03-31 08442766 frs-core:BetweenOneFiveYears 2024-03-31 08442766 frs-core:WithinOneYear 2024-03-31 08442766 frs-core:ShareCapital 2024-03-31 08442766 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08442766
New Woods Forestry Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08442766
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 48,583 43,314
48,583 43,314
CURRENT ASSETS
Stocks 6 52,324 82,500
Debtors 7 222,671 192,435
Cash at bank and in hand 185,400 102,700
460,395 377,635
Creditors: Amounts Falling Due Within One Year 8 (179,027 ) (192,532 )
NET CURRENT ASSETS (LIABILITIES) 281,368 185,103
TOTAL ASSETS LESS CURRENT LIABILITIES 329,951 228,417
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,394 ) (11,478 )
NET ASSETS 314,557 216,939
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 314,457 216,839
SHAREHOLDERS' FUNDS 314,557 216,939
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Falcon
Director
06/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
New Woods Forestry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08442766 . The registered office is Bridge Farm, Southborough Road, Reymerston, Norwich, NR9 4QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 60,000
As at 31 March 2025 60,000
Amortisation
As at 1 April 2024 60,000
As at 31 March 2025 60,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 72,876
Additions 16,497
Disposals (2,133 )
As at 31 March 2025 87,240
Depreciation
As at 1 April 2024 29,562
Provided during the period 11,228
Disposals (2,133 )
As at 31 March 2025 38,657
Net Book Value
As at 31 March 2025 48,583
As at 1 April 2024 43,314
Page 4
Page 5
6. Stocks
2025 2024
£ £
Stock 52,324 82,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 216,181 185,666
Prepayments and accrued income 6,490 6,769
222,671 192,435
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 83,618 110,454
Corporation tax 29,597 23,507
Other taxes and social security 16,551 1,730
VAT 33,607 7,179
Other creditors 3,029 1,065
Accruals and deferred income 2,000 1,900
Directors' loan accounts 10,625 46,697
179,027 192,532
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 8,320 8,320
Later than one year and not later than five years 20,800 29,120
29,120 37,440
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