REGISTERED NUMBER: 04975930 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Midland Forestry Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P D Nowell

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

West Midlands

CV3 1JN

REGISTERED NUMBER:

04975930 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

340,289

356,868

Investments

6

4

4

340,293

356,872

CURRENT ASSETS

Stocks

25,000

25,000

Debtors

7

331,120

290,012

Cash at bank

255,996

162,497

612,116

477,509

CREDITORS

Amounts falling due within one year

8

355,380

295,150

NET CURRENT ASSETS

256,736

182,359

TOTAL ASSETS LESS CURRENT LIABILITIES

597,029

539,231

CREDITORS

Amounts falling due after more than one year

9

-

(8,620

)

PROVISIONS FOR LIABILITIES

(85,470

)

(86,497

)

NET ASSETS

511,559

444,114

CAPITAL AND RESERVES

Called up share capital

40

40

Share premium

66,637

66,637

Capital Redemption Reserve

11

100

100

Retained earnings

444,782

377,337

SHAREHOLDERS' FUNDS

511,559

444,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 December 2025 and were signed by:

P D Nowell - Director

1.	STATUTORY INFORMATION

Midland Forestry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 30 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

15,000

AMORTISATION

At 1 October 2024

and 30 September 2025

15,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2024

406,530

20,672

290,075

19,117

736,394

Additions

46,606

-

19,500

1,768

67,874

Disposals

-

-

(18,450

)

-

(18,450

)

At 30 September 2025

453,136

20,672

291,125

20,885

785,818

DEPRECIATION

At 1 October 2024

201,572

17,558

142,520

17,876

379,526

Charge for year

33,935

467

36,311

936

71,649

Eliminated on disposal

-

-

(5,646

)

-

(5,646

)

At 30 September 2025

235,507

18,025

173,185

18,812

445,529

NET BOOK VALUE

At 30 September 2025

217,629

2,647

117,940

2,073

340,289

At 30 September 2024

204,958

3,114

147,555

1,241

356,868

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

23,500

16,000

39,500

DEPRECIATION

At 1 October 2024

10,151

10,938

21,089

Charge for year

2,002

1,266

3,268

At 30 September 2025

12,153

12,204

24,357

NET BOOK VALUE

At 30 September 2025

11,347

3,796

15,143

At 30 September 2024

13,349

5,062

18,411

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

4

NET BOOK VALUE

At 30 September 2025

4

At 30 September 2024

4

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

241,306

198,279

Other debtors

89,814

91,733

331,120

290,012

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

7,908

10,915

Hire purchase contracts

1,316

7,903

Trade creditors

86,042

46,547

Taxation and social security

149,659

124,902

Other creditors

110,455

104,883

355,380

295,150

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

-

7,304

Hire purchase contracts

-

1,316

-

8,620

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Hire purchase contracts

1,316

9,219

The hire purchase creditor is secured upon the assets purchased under each agreement.

11.

RESERVES

Capital

Redemption

Reserve

£

At 1 October 2024

and 30 September 2025

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

P D Nowell

Balance outstanding at start of year

25,374

40,921

Amounts advanced

30,125

29,354

Amounts repaid

(26,000

)

(44,901

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,499

25,374

The above amount is owed to the Company by the Director.

This amount has been charged at HMRC official rate of interest and is repaid in full following the balance sheet date.

13.	ULTIMATE CONTROLLING PARTY

With effect from 28 July 2022 following the company share buy back the ultimate controlling party is Mr & Mrs Nowell.

14.	SHARE BUY BACK

In the prior year on 29 July 2024 in accordance with clearance obtained from HMRC at the balance sheet date the company completed the fourth and final stage in respect of a company share buy back. The final tranche of 15 shares out of a total 50 shares to be acquired for £72,000.00.