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COMPANY REGISTRATION NUMBER: SC690605

Forestry for Life Limited

Filleted Unaudited Financial Statements

28 February 2025

Forestry for Life Limited

Statement of Financial Position

28 February 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 4 | – | 1,065

Current assets

Cash at bank and in hand | 403 | 486

Creditors: amounts falling due within one year | 5 | 7,378 | 6,260
| ------- | -------
Net current liabilities | 6,975 | 5,774
| ------- | -------
Total assets less current liabilities | ( 6,975) | ( 4,709)
| ------- | -------
Net liabilities | ( 6,975) | ( 4,709)
| ------- | -------

Capital and reserves

Called up share capital | 600 | 600
Profit and loss account | ( 7,575) | ( 5,309)
| ------- | -------
Shareholders deficit | ( 6,975) | ( 4,709)
| ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 February 2026 , and are signed on behalf of the board by:

Mr G Maes |
Director |

Company registration number: SC690605

Forestry for Life Limited

Notes to the Financial Statements

Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Forbes House, 36 Huntly Street, Inverness, IV3 5PR, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At 28 February 2025 the company had net current liabilities of £6,975 (2024 - £5,774) and the balance sheet was in deficit of £6,975 (2024 - £4,709). The director will support the company for at least the next 12 months and anticipates the company will make a profit going forward. On this basis the director considers the use of the going concern basis of accounting in preparing the financial statements appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Website | - | 50% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments, which include debtors, cash at bank and in hand and creditors are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. 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.
4. Intangible assets

| Website
| £
Cost |
At 1 March 2024 and 28 February 2025 | 2,131
| -------
Amortisation |
At 1 March 2024 | 1,066
Charge for the year | 1,065
| -------
At 28 February 2025 | 2,131
| -------
Carrying amount |
At 28 February 2025 | –
| -------
At 29 February 2024 | 1,065
| -------

5. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 72 | 71
Social security and other taxes | 13 | 11
Other creditors | 7,293 | 6,178
| ------- | -------
| 7,378 | 6,260
| ------- | -------

6. Related party transactions
At 28 February 2025 the company was due one (2024 - one) director £34 (2024 - £3,874). This loan is interest free and has no definite terms of repayment.