Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31falsetrueTimber extractionfalsetrue2024-04-011111The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03728548 2024-04-01 2025-03-31 03728548 2023-04-01 2024-03-31 03728548 2025-03-31 03728548 2024-03-31 03728548 c:Director1 2024-04-01 2025-03-31 03728548 d:PlantMachinery 2024-04-01 2025-03-31 03728548 d:PlantMachinery 2025-03-31 03728548 d:PlantMachinery 2024-03-31 03728548 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03728548 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 03728548 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03728548 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03728548 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 03728548 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03728548 d:ShareCapital 2025-03-31 03728548 d:ShareCapital 2024-03-31 03728548 d:SharePremium 2025-03-31 03728548 d:SharePremium 2024-03-31 03728548 d:RetainedEarningsAccumulatedLosses 2025-03-31 03728548 d:RetainedEarningsAccumulatedLosses 2024-03-31 03728548 c:FRS102 2024-04-01 2025-03-31 03728548 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03728548 c:AbridgedAccounts 2024-04-01 2025-03-31 03728548 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03728548 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 03728548



















WALTON LOGGING LIMITED
UNAUDITED ABRIDGED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2025













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WALTON LOGGING LIMITED
REGISTERED NUMBER: 03728548

ABRIDGED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,603,768
3,805,326

  
4,603,768
3,805,326

Current assets
  

Debtors
  
598,933
425,287

Cash at bank and in hand
  
948,831
1,029,934

  
1,547,764
1,455,221

Creditors: amounts falling due within one year
  
(1,062,663)
(1,077,614)

Net current assets
  
 
 
485,101
 
 
377,607

Total assets less current liabilities
  
5,088,869
4,182,933

Creditors: amounts falling due after more than one year
  
(1,246,898)
(1,101,374)

Provisions for liabilities
  
(1,150,785)
(945,521)

Net assets
  
2,691,186
2,136,038

Page 1

 
WALTON LOGGING LIMITED
REGISTERED NUMBER: 03728548

ABRIDGED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Capital and reserves
  

Called up share capital 
  
11,695
11,695

Share premium account
  
13,889
13,889

Profit and loss account
  
2,665,602
2,110,454

  
2,691,186
2,136,038


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2025.




C R Robertson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WALTON LOGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The company is a private company limited by shares, registered in England & Wales.  The address of the registered office is Milburn House, Hexham Business Park, Burn Lane, Hexham, Northumberland, NE46 3RU. The principal place of business address is Corriebrae, Chapelknowe, Canonbie, Dumfriesshire, DG14 0YF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents the total value, excluding value added tax, of timber harvesting work undertaken during the year. Timber harvesting work is recognised at the date the services are performed.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WALTON LOGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


  
2.6

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and are subsequently stated at cost less depreciation and impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

  Plant and machinery at 10%, 20% or 25% reducing balance and 25% straight line.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WALTON LOGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2024 - 11).


4.


Tangible fixed assets






£



Cost or valuation


At 1 April 2024
4,996,870


Additions
2,011,596


Disposals
(1,031,343)



At 31 March 2025

5,977,123



Depreciation


At 1 April 2024
1,191,544


Charge for the year on owned assets
100,405


Charge for the year on financed assets
358,314


Disposals
(276,908)



At 31 March 2025

1,373,355



Net book value



At 31 March 2025
4,603,768



At 31 March 2024
3,805,326

Page 5

 
WALTON LOGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Creditors: amounts falling due within one year

Included within creditors due within one year are hire purchase contracts totalling £530,952 (2024 -  £491,406).

The hire purchase contracts are secured on the assets concerned.


6.


Creditors: Amounts falling due after more than one year

Included within creditors due after more than one year are hire purchase contracts totalling £1,246,898
(2024 - £1,101,374).

The hire purchase contracts are secured on the assets concerned.


7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. 
Contributions totalling £1,467 (2024 - £1,427) were payable to the fund at the reporting date and are included in creditors.


Page 6