REGISTERED NUMBER: SC307012 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Timber-Tech Harvesting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

M W McKnight

Mrs G McKnight

REGISTERED OFFICE:

c/o Farries Kirk & McVean

Dumfries Enterprise Park

Heathall

Dumfries

DUMFRIESSHIRE

DG3 4LX

REGISTERED NUMBER:

SC307012 (Scotland)

ACCOUNTANTS:

Farries Kirk & McVean

Dumfries Enterprise Park

Heathhall

Dumfries

DUMFRIESSHIRE

DG1 3SJ

FIXED ASSETS

Tangible assets

4

2,975,170

2,902,235

CURRENT ASSETS

Debtors

5

334,693

211,529

Cash at bank

1,981,155

1,794,794

2,315,848

2,006,323

CREDITORS

Amounts falling due within one year

6

(419,792

)

(377,252

)

NET CURRENT ASSETS

1,896,056

1,629,071

TOTAL ASSETS LESS CURRENT LIABILITIES

4,871,226

4,531,306

CREDITORS

Amounts falling due after more than one year

7

(226,066

)

(153,611

)

PROVISIONS FOR LIABILITIES

(743,793

)

(725,559

)

NET ASSETS

3,901,367

3,652,136

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

3,900,267

3,651,036

SHAREHOLDERS' FUNDS

3,901,367

3,652,136

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 15th December 2025 and were signed on its behalf by:

M W McKnight - Director

1.	STATUTORY INFORMATION

Timber-Tech Harvesting 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

Financial instruments

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 the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

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.

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 transactions 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.

Provisions and contingencies

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Provisions and contingencies

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

4,698,378

Additions

1,214,766

Disposals

(844,685

)

Transfer to ownership

181,170

At 31st March 2025

5,249,629

DEPRECIATION

At 1st April 2024

1,796,143

Charge for year

534,601

Eliminated on disposal

(237,455

)

Transfer to ownership

181,170

At 31st March 2025

2,274,459

NET BOOK VALUE

At 31st March 2025

2,975,170

At 31st March 2024

2,902,235

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

2,647,768

Additions

922,199

Disposals

(717,635

)

Transfer to ownership

(113,830

)

At 31st March 2025

2,738,502

DEPRECIATION

At 1st April 2024

803,743

Charge for year

309,989

Eliminated on disposal

(199,145

)

Transfer to ownership

(113,830

)

At 31st March 2025

800,757

NET BOOK VALUE

At 31st March 2025

1,937,745

At 31st March 2024

1,844,025

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

322,693

199,529

Other debtors

12,000

12,000

334,693

211,529

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

217,222

214,695

Trade creditors

77,264

31,327

Taxation and social security

118,985

125,262

Other creditors

6,321

5,968

419,792

377,252

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

226,066

153,611

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

443,288

368,306

The hire purchase creditor is secured against the assets which have been financed.

9.	RELATED PARTY DISCLOSURES

The company operates a directors' current account. As at 31st March 2025 the company owed funds of £821 (2024 - £718). This sum is interest free and repayable on demand.