Company Registration number: SC206862

European Forest Machinery Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 7

European Forest Machinery Limited

Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	8,162	-
Tangible assets	5	237,053	255,501
		245,215	255,501
Current assets
Stocks		914,410	996,265
Debtors	6	399,539	131,160
Cash at bank and in hand		2,369	13,763
		1,316,318	1,141,188
Creditors: Amounts falling due within one year	7	(1,226,944)	(929,954)
Net current assets		89,374	211,234
Total assets less current liabilities		334,589	466,735
Creditors: Amounts falling due after more than one year	7	(43,332)	(74,235)
Net assets		291,257	392,500
Capital and reserves
Called up share capital		900	900
Capital redemption reserve		100	100
Retained earnings		290,257	391,500
Shareholders' funds		291,257	392,500

European Forest Machinery Limited

Balance Sheet as at 31 January 2025 (continued)

For the financial year ending 31 January 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 27 October 2025 and signed on its behalf by:
 

......................................... Mr W J Wilson Company secretary and director

Company registration number: SC206862

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2025

1	GENERAL INFORMATION

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

The address of its registered office is:
Unit 1
Industrial Site
Coast Road
Dalbeattie
DG5 4QU

These financial statements were authorised for issue by the Board on 27 October 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

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

Going concern

The financial statements have been prepared on a going concern basis.

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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 corporation 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.

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:

Asset class	Depreciation method and rate
Land and buildings	2% straight line

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Plant and machinery	15% reducing balance
Equipment, fixtures and fittings	20% reducing balance
Motor vehicles	33% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

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

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2025 (continued)

4	INTANGIBLE ASSETS

	Other intangible assets  £	Total £
Cost or valuation
Additions	8,372	8,372
At 31 January 2025	8,372	8,372
Amortisation
Amortisation charge	210	210
At 31 January 2025	210	210
Carrying amount
At 31 January 2025	8,162	8,162

5	TANGIBLE ASSETS

	Land and buildings £	Plant and machinery £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	56,365	544,660	16,733	11,174	628,932
Additions	-	-	16,350	-	16,350
At 31 January 2025	56,365	544,660	33,083	11,174	645,282
Depreciation
At 1 February 2024	17,922	330,640	14,345	10,524	373,431
Charge for the year	1,127	32,918	512	241	34,798
At 31 January 2025	19,049	363,558	14,857	10,765	408,229
Carrying amount
At 31 January 2025	37,316	181,102	18,226	409	237,053
At 31 January 2024	38,443	214,020	2,388	650	255,501

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2025 (continued)

6

DEBTORS

Current	2025 £	2024 £
Trade debtors	233,513	14,745
Prepayments	23,879	103,145
Other debtors	142,147	13,270
	399,539	131,160

7

CREDITORS

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Loans and borrowings		179,798	239,682
Trade creditors		959,943	503,974
Taxation and social security		17,366	480
Accruals and deferred income		63,005	82,556
Other creditors		6,832	103,262
		1,226,944	929,954

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £171,465 (2024 - £229,682).

Creditors: amounts falling due after more than one year

		2025 £	2024 £
Due after one year
Loans and borrowings		43,332	74,235

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £38,315 (2024 - £59,218).