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REGISTERED NUMBER: 08993777 (England and Wales)








































Langbank Forestry Services Ltd

Unaudited Financial Statements

for the Year Ended 31st August 2024






Langbank Forestry Services Ltd (Registered number: 08993777)






Contents of the Financial Statements
for the year ended 31st August 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Langbank Forestry Services Ltd

Company Information
for the year ended 31st August 2024







Director: L T Pickles





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: Darnchester West Mains Farmhouse
Coldstream
TD12 4HZ





Registered number: 08993777 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Langbank Forestry Services Ltd (Registered number: 08993777)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 376,273 239,271

Current assets
Stocks 74,349 45,850
Debtors 5 57,798 20,073
Cash at bank 1 1
132,148 65,924
Creditors
Amounts falling due within one year 6 1,171,950 1,096,271
Net current liabilities (1,039,802 ) (1,030,347 )
Total assets less current liabilities (663,529 ) (791,076 )

Creditors
Amounts falling due after more than one
year

7

178,262

98,950
Net liabilities (841,791 ) (890,026 )

Capital and reserves
Called up share capital 100 100
Retained earnings (841,891 ) (890,126 )
(841,791 ) (890,026 )

Langbank Forestry Services Ltd (Registered number: 08993777)

Balance Sheet - continued
31st August 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th May 2025 and were signed by:





L T Pickles - Director


Langbank Forestry Services Ltd (Registered number: 08993777)

Notes to the Financial Statements
for the year ended 31st August 2024

1. Statutory information

Langbank Forestry Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tenant improvements - 4% on cost
Biomass boilers - 4% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The following assets and liabilities are classified as financial instruments - directors' loans, trade debtors, trade creditors, hire purchase creditors, bank loans, bank overdraft and accruals.

Hire purchase creditors and bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors, bank overdraft and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Langbank Forestry Services Ltd (Registered number: 08993777)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The continued trading of the company is dependent on the future support of the director and manager through their loan accounts. The director and manager have confirmed that they will continue to support the company throughout the coming year. The accounts have therefore been prepared on the going concern basis.

3. Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

Langbank Forestry Services Ltd (Registered number: 08993777)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

4. Tangible fixed assets
Tenant Biomass Plant and
improvements boilers machinery
£    £    £   
Cost
At 1st September 2023 45,221 70,000 137,636
Additions 3,158 - 246,414
Disposals - - (61,090 )
At 31st August 2024 48,379 70,000 322,960
Depreciation
At 1st September 2023 1,808 2,800 39,724
Charge for year 1,936 2,800 61,042
Eliminated on disposal - - (21,985 )
At 31st August 2024 3,744 5,600 78,781
Net book value
At 31st August 2024 44,635 64,400 244,179
At 31st August 2023 43,413 67,200 97,912

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st September 2023 35,995 555 289,407
Additions - - 249,572
Disposals - - (61,090 )
At 31st August 2024 35,995 555 477,889
Depreciation
At 1st September 2023 5,249 555 50,136
Charge for year 7,687 - 73,465
Eliminated on disposal - - (21,985 )
At 31st August 2024 12,936 555 101,616
Net book value
At 31st August 2024 23,059 - 376,273
At 31st August 2023 30,746 - 239,271

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 57,798 20,073

Langbank Forestry Services Ltd (Registered number: 08993777)

Notes to the Financial Statements - continued
for the year ended 31st August 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 27,586 28,400
Hire purchase contracts 50,311 22,952
Trade creditors 21,181 24,615
Taxation and social security 90,384 111,389
Other creditors 982,488 908,915
1,171,950 1,096,271

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 16,233 26,459
Hire purchase contracts 162,029 72,491
178,262 98,950

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 212,340 95,443

The HP liabilities are secured against the assets to which they relate.