REGISTERED NUMBER: SC257904 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Forest Direct Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Thompson

J Thompson

Mrs S J Thompson

S L Kafai

SECRETARY:

Mrs S J Thompson

REGISTERED OFFICE:

7 Valley View

Clovenfords

Galashiels

Selkirkshire

TD1 3NG

REGISTERED NUMBER:

SC257904 (Scotland)

ACCOUNTANTS:

EQ Accountants Ltd

47-49 The Square

Kelso

Roxburghshire

TD5 7HW

FIXED ASSETS

Tangible assets

4

16,558

31,991

Investments

5

1

1

16,559

31,992

CURRENT ASSETS

Stocks

27,106

79,582

Debtors

6

459,287

266,834

Cash at bank

57,808

169,838

544,201

516,254

CREDITORS

Amounts falling due within one year

7

523,986

458,992

NET CURRENT ASSETS

20,215

57,262

TOTAL ASSETS LESS CURRENT LIABILITIES

36,774

89,254

CREDITORS

Amounts falling due after more than one year

8

(3,531

)

(13,950

)

PROVISIONS FOR LIABILITIES

(4,000

)

(10,164

)

NET ASSETS

29,243

65,140

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,143

65,040

29,243

65,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

J Thompson - Director

1.	STATUTORY INFORMATION

Forest Direct Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

113,272

Disposals

(34,274

)

At 31 March 2025

78,998

DEPRECIATION

At 1 April 2024

81,281

Charge for year

4,408

Eliminated on disposal

(23,249

)

At 31 March 2025

62,440

NET BOOK VALUE

At 31 March 2025

16,558

At 31 March 2024

31,991

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

454,196

216,517

Tax

3,435

3,405

Accrued income

-

44,459

Prepayments

1,656

2,453

459,287

266,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

10,419

10,162

Trade creditors

359,303

145,982

Tax

3,860

39,338

Social security and other taxes

264

771

VAT

29,938

35,107

Other creditors

399

73,020

Directors' current accounts

117,178

138,019

Accrued expenses

2,625

16,593

523,986

458,992

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans - 1-2 years

3,531

13,950