Company Registration No. 10347762 (England and Wales)
Cox Forestry Limited
Unaudited accounts
for the year ended 31 August 2024
Cox Forestry Limited
Unaudited accounts
Contents
Cox Forestry Limited
Company Information
for the year ended 31 August 2024
Company Number
10347762 (England and Wales)
Registered Office
Blacksmith Cottage
Chipshop
Tavistock
Devon
PL19 8NT
Accountants
Blackwell Bate Ltd
Brunel Court
122 Fore Street
Saltash
Cornwall
PL12 6JW
Cox Forestry Limited
Statement of financial position
as at 31 August 2024
Intangible assets
8,400
9,600
Tangible assets
918,908
884,348
Cash at bank and in hand
1,706
558
Creditors: amounts falling due within one year
(518,121)
(648,949)
Net current liabilities
(397,787)
(588,427)
Total assets less current liabilities
529,521
305,521
Creditors: amounts falling due after more than one year
(252,965)
(147,916)
Provisions for liabilities
Deferred tax
(107,482)
(26,792)
Net assets
169,074
130,813
Called up share capital
100
100
Profit and loss account
168,974
130,713
Shareholders' funds
169,074
130,813
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
Mr N Cox
Director
Company Registration No. 10347762
Cox Forestry Limited
Notes to the Accounts
for the year ended 31 August 2024
Cox Forestry Limited is a private company, limited by shares, registered in England and Wales, registration number 10347762. The registered office is Blacksmith Cottage, Chipshop, Tavistock, Devon, PL19 8NT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance and 10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 accounts. 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Cox Forestry Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill
At 1 September 2023
12,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
1,043,823
63,906
1,369
1,109,098
Additions
351,000
-
-
351,000
Disposals
(257,550)
-
-
(257,550)
At 31 August 2024
1,137,273
63,906
1,369
1,202,548
At 1 September 2023
215,029
9,228
493
224,750
Charge for the year
96,555
13,670
175
110,400
On disposals
(51,510)
-
-
(51,510)
At 31 August 2024
260,074
22,898
668
283,640
At 31 August 2024
877,199
41,008
701
918,908
At 31 August 2023
828,794
54,678
876
884,348
Amounts falling due within one year
Trade debtors
91,738
35,283
Cox Forestry Limited
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,500
74,252
Obligations under finance leases and hire purchase contracts
145,573
155,429
Trade creditors
46,675
53,601
Taxes and social security
16,729
27,584
Other creditors
284,644
338,083
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
209,582
132,166
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).