Registration number: 05545818

Edmondson Logging Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Edmondson Logging Ltd

Company Information

Directors

Mr Alistair David Edmondson Mrs Victoria Estrilde Sutherland Edmondson Mr Charles Timothy Edmondson

Company secretary

Mrs Victoria Estrilde Sutherland Edmondson

Registered office

Cheviot Cottage West Plain Milfield Northumberland NE71 6HP

Accountants

AMT Business (Northumbria) Ltd Ground Floor Lion House Willowburn Trading Estate Alnwick Northumberland NE66 2PF

Edmondson Logging Ltd

(Registration number: 05545818)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,436,536	1,404,017
Current assets
Stocks	5	4,800	4,800
Debtors	6	43,205	93,957
Cash at bank and in hand		41,019	23,420
		89,024	122,177
Creditors: Amounts falling due within one year	7	(270,156)	(298,467)
Net current liabilities		(181,132)	(176,290)
Total assets less current liabilities		1,255,404	1,227,727
Creditors: Amounts falling due after more than one year	7	(24,362)	(61,687)
Provisions for liabilities		(254,672)	(254,672)
Net assets		976,370	911,368
Capital and reserves
Called up share capital	8	100	100
Revaluation reserve		211,607	211,607
Retained earnings		764,663	699,661
Shareholders' funds		976,370	911,368

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 June 2025 and signed on its behalf by:
 

......................................... Mr Alistair David Edmondson Director

Edmondson Logging Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cheviot Cottage
West Plain
Milfield
Northumberland
NE71 6HP

These financial statements were authorised for issue by the Board on 18 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Edmondson Logging Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Edmondson Logging Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 4).

Edmondson Logging Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £
Cost or valuation
At 1 April 2024	72,318	2,636	127,920	1,512,129
Additions	-	-	-	683,394
Disposals	-	-	-	(609,958)
At 31 March 2025	72,318	2,636	127,920	1,585,565
Depreciation
At 1 April 2024	8,680	2,212	26,336	273,758
Charge for the year	4,340	85	25,418	146,886
Eliminated on disposal	-	-	-	(135,812)
At 31 March 2025	13,020	2,297	51,754	284,832
Carrying amount
At 31 March 2025	59,298	339	76,166	1,300,733
At 31 March 2024	63,638	424	101,584	1,238,371

	Total £
Cost or valuation
At 1 April 2024	1,715,003
Additions	683,394
Disposals	(609,958)
At 31 March 2025	1,788,439
Depreciation
At 1 April 2024	310,986
Charge for the year	176,729
Eliminated on disposal	(135,812)
At 31 March 2025	351,903
Carrying amount
At 31 March 2025	1,436,536
At 31 March 2024	1,404,017

Included within the net book value of land and buildings above is £59,298 (2024 - £63,638) in respect of freehold land and buildings.
 

Edmondson Logging Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stocks

	2025 £	2024 £
Other inventories	4,800	4,800

6

Debtors

Current	2025 £	2024 £
Trade debtors	29,593	60,358
Other debtors	13,612	33,599
	43,205	93,957

Edmondson Logging Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	71,828	102,653
Trade creditors		12,517	7,897
Accruals and deferred income		1,705	1,550
Other creditors		1,801	1,422
Amounts due to related parties		182,305	184,945
		270,156	298,467