Company registration number SC364839 (Scotland)
Forsyth Floorings Ltd.
Unaudited financial statements
for the year ended 31 August 2025
Pages for filing with registrar
Forsyth Floorings Ltd.
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Forsyth Floorings Ltd.
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forsyth Floorings Ltd. for the year ended 31 August 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20.

This report is made solely to the Board of Directors of Forsyth Floorings Ltd., as a body, in accordance with the terms of our engagement letter dated 7 January 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Forsyth Floorings Ltd. and state those matters that we have agreed to state to the Board of Directors of Forsyth Floorings Ltd., as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-j une-20 20. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forsyth Floorings Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Forsyth Floorings Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Forsyth Floorings Ltd.. You consider that Forsyth Floorings Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forsyth Floorings Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

James Milne
Chartered Accountants
5 High Street
Inverurie
AB51 3QA
22 April 2026
Forsyth Floorings Ltd.
Statement of financial position
as at 31 August 2025
31 August 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,054
25,384
Current assets
Stocks
456
756
Debtors
9,435
8,084
Cash at bank and in hand
105,315
74,276
115,206
83,116
Creditors: amounts falling due within one year
(40,230)
(33,335)
Net current assets
74,976
49,781
Total assets less current liabilities
94,030
75,165
Provisions for liabilities
(3,620)
(4,823)
Net assets
90,410
70,342
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
90,310
70,242
Total equity
90,410
70,342
Forsyth Floorings Ltd.
Statement of financial position (continued)
as at 31 August 2025
31 August 2025
3

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 April 2026 and are signed on its behalf by:
Brian C. Forsyth
Director
Company registration number SC364839 (Scotland)
Forsyth Floorings Ltd.
Notes to the financial statements
for the year ended 31 August 2025
4
1
Accounting policies
Company information

Forsyth Floorings Ltd. is a private company limited by shares incorporated in Scotland. The registered office is 75a George Street, Huntly, Aberdeenshire, AB54 8HJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Fixtures and fittings
33% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Forsyth Floorings Ltd.
Notes to the financial statements (continued)
for the year ended 31 August 2025
1
Accounting policies (continued)
5

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
Forsyth Floorings Ltd.
Notes to the financial statements (continued)
for the year ended 31 August 2025
6
3
Tangible fixed assets
Total
£
Cost
At 1 September 2024 and 31 August 2025
39,743
Depreciation and impairment
At 1 September 2024
14,359
Depreciation charged in the year
6,330
At 31 August 2025
20,689
Carrying amount
At 31 August 2025
19,054
At 31 August 2024
25,384
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