Northwood Forest Products International - Accounts to registrar (filleted)

REGISTERED NUMBER: 03100520 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

NORTHWOOD FOREST PRODUCTS INTERNATIONAL

LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A R Brown

A M Brown

REGISTERED OFFICE:

2 Chesterton Drive

Nailsea

Bristol

BS48 2UY

REGISTERED NUMBER:

03100520 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northwood Forest Products International Limited for the year ended 30 April 2025 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Northwood Forest Products International Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Northwood Forest Products International Limited and state those matters that we have agreed to state to the directors of Northwood Forest Products International Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northwood Forest Products International Limited and its directors for our work or for this report.

It is your duty to ensure that Northwood Forest Products International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Northwood Forest Products International Limited. You consider that Northwood Forest Products International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Northwood Forest Products International Limited. For this reason, we do not express any opinion on the statutory financial statements.

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

9 September 2025

FIXED ASSETS

Tangible assets

4

1,809

2,129

Investment property

5

680,000

640,000

681,809

642,129

CURRENT ASSETS

Debtors

6

34,714

109,178

Cash at bank and in hand

95,267

139,076

129,981

248,254

CREDITORS

Amounts falling due within one year

7

(310,457

)

(440,329

)

NET CURRENT LIABILITIES

(180,476

)

(192,075

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

501,333

450,054

PROVISIONS FOR LIABILITIES

(11,123

)

(1,203

)

NET ASSETS

490,210

448,851

CAPITAL AND RESERVES

Called up share capital

8

3,125

Capital redemption reserve

7,500

Retained earnings

479,585

438,226

SHAREHOLDERS' FUNDS

490,210

448,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

A R Brown - Director

1.	COMPANY INFORMATION

Northwood Forest Products International Limited 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.

The principal activity of the company in the year under review was that of the importation and sale of timber products to a number of market segments.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year 30 April 2025 and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures, fittings and equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

machinery

equipment

Totals

£

COST

At 1 May 2024

and 30 April 2025

10,136

601

10,737

DEPRECIATION

At 1 May 2024

8,088

520

8,608

Charge for year

307

13

320

At 30 April 2025

8,395

533

8,928

NET BOOK VALUE

At 30 April 2025

1,741

68

1,809

At 30 April 2024

2,048

81

2,129

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

640,000

Revaluations

40,000

At 30 April 2025

680,000

NET BOOK VALUE

At 30 April 2025

680,000

At 30 April 2024

640,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2024

2,683

Valuation in 2025

40,000

Cost

637,317

680,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

637,317

Investment properties were valued on a fair value basis on 30 April 2025 by the directors of the company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

31,190

105,350

Other debtors

625

651

Prepayments

2,899

3,177

34,714

109,178

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

12,594

70,041

Tax

2,939

5,253

Social security and other taxes

29

407

VAT

786

18,619

Directors' loan accounts

290,000

325,000

Accruals and deferred income

4,109

21,009

310,457

440,329

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

3,125

Ordinary

£1

3,125