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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
Page
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Cox Forestry Limited Company Information for the year ended 31 August 2024
Director
Mr N Cox
Secretary
Mrs M L Cox
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
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Cox Forestry Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,400 
9,600 
Tangible assets
918,908 
884,348 
927,308 
893,948 
Current assets
Inventories
26,890 
24,250 
Debtors
91,738 
35,714 
Cash at bank and in hand
1,706 
558 
120,334 
60,522 
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 
Capital and reserves
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
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Cox Forestry Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Leased assets
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.
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Cox Forestry Limited Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
12,000 
At 31 August 2024
12,000 
Amortisation
At 1 September 2023
2,400 
Charge for the year
1,200 
At 31 August 2024
3,600 
Net book value
At 31 August 2024
8,400 
At 31 August 2023
9,600 
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 
Depreciation
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 
Net book value
At 31 August 2024
877,199 
41,008 
701 
918,908 
At 31 August 2023
828,794 
54,678 
876 
884,348 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
91,738 
35,283 
Other debtors
- 
431 
91,738 
35,714 
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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 
518,121 
648,949 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
43,383 
15,750 
Obligations under finance leases and hire purchase contracts
209,582 
132,166 
252,965 
147,916 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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