General Information
Forestry, Rail & Civils Limited is a private company, limited by shares, registered in England and Wales, registration number 13604432, registration address Unit A Derby Building Wallops Wood, Sheardley Lane, Droxford, Southhampton, Hampshire, England, SO32 3QY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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.
Going concern basis
The director believes that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover represents net sales of services, excluding value added tax, as adjusted for work inprogress. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
10% Reducing Balance
|
| Motor Vehicles |
10% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
| Improvements to property |
2% Straight Line |
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 21 (2023 : 18).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Improvements to property |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2024 |
469,055 |
|
84,112 |
|
2,027 |
|
3,158 |
|
27,314 |
|
585,666 |
| Additions |
311,051 |
|
143,107 |
|
7,523 |
|
7,441 |
|
- |
|
469,122 |
| Disposals |
(131,276) |
|
- |
|
- |
|
- |
|
- |
|
(131,276) |
| At 31 December 2024 |
648,830 |
|
227,219 |
|
9,550 |
|
10,599 |
|
27,314 |
|
923,512 |
| Depreciation |
| At 01 January 2024 |
85,136 |
|
6,804 |
|
584 |
|
834 |
|
455 |
|
93,813 |
| Charge for year |
47,910 |
|
16,805 |
|
1,092 |
|
1,237 |
|
546 |
|
67,590 |
| On disposals |
(34,399) |
|
- |
|
- |
|
- |
|
- |
|
(34,399) |
| At 31 December 2024 |
98,647 |
|
23,609 |
|
1,676 |
|
2,071 |
|
1,001 |
|
127,004 |
| Net book values |
| Closing balance as at 31 December 2024 |
550,183 |
|
203,610 |
|
7,874 |
|
8,528 |
|
26,313 |
|
796,508 |
| Opening balance as at 01 January 2024 |
383,919 |
|
77,308 |
|
1,443 |
|
2,324 |
|
26,859 |
|
491,853 |
|
| 4. |
Debtors: amounts falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Debtors |
435,366 |
|
94,498 |
| Prepayments & Accrued Income |
9,104 |
|
2,114 |
| Amounts Recoverable on Contracts |
81,786 |
|
71,262 |
| Other Debtors |
1,600 |
|
1,600 |
|
527,856 |
|
169,474 |
|
| 5. |
Creditors: amount falling due within one year
|
2024
£ |
|
2023
£ |
| Trade Creditors |
143,975 |
|
80,763 |
| Bank Loans 1-2 years |
33,333 |
|
27,720 |
| Hire Purchase - within 1 year |
79,639 |
|
53,139 |
| Social Security and Other Taxes |
101,358 |
|
36,647 |
| Accrued Expenses |
4,810 |
|
646 |
| Other Creditors |
3,162 |
|
3,497 |
| Pension Payable |
3,606 |
|
1,646 |
| Directors' Current Accounts |
619,557 |
|
108,513 |
|
989,440 |
|
312,571 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2024
£ |
|
2023
£ |
| Hire Purchase - 2-5 years |
396,126 |
|
270,903 |
| Other Creditors |
28,782 |
|
- |
|
424,908 |
|
270,903 |
|
| 7. |
Provisions for liabilities
|
2024
£ |
|
2023
£ |
| Deferred Tax |
(2,204) |
|
16,543 |
|
(2,204) |
|
16,543 |
|
4
|