Registration number: 08640865

Sovereign Forestry Contractors Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Sovereign Forestry Contractors Limited

Company Information

Directors

Mr Mark Wincott Mr John William Wincott

Registered office

Lodge Hill Crouch Lane Sandhurst Kent TN18 5PD

Accountants

Horden Accountancy Services Limited Hop Press Risebridge Farm Goudhurst Kent TN17 1HN

Sovereign Forestry Contractors Limited

(Registration number: 08640865)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	365,011	360,138
Current assets
Debtors	6	384,962	121,042
Cash at bank and in hand		776,959	1,010,053
		1,161,921	1,131,095
Creditors: Amounts falling due within one year	7	(78,306)	(123,536)
Net current assets		1,083,615	1,007,559
Total assets less current liabilities		1,448,626	1,367,697
Provisions for liabilities		(42,625)	(41,407)
Net assets		1,406,001	1,326,290
Capital and reserves
Called up share capital	8	10	10
Retained earnings		1,405,991	1,326,280
Shareholders' funds		1,406,001	1,326,290

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 May 2026 and signed on its behalf by:
 

......................................... Mr John William Wincott Director

Sovereign Forestry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lodge Hill
Crouch Lane
Sandhurst
Kent
TN18 5PD
United Kingdom

These financial statements were authorised for issue by the Board on 14 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Sovereign Forestry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Vehicles, plant and machinery	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill, acquired on the incorporation of a previous business, represents future economic benefits arising from the company's assets that are not capable of being individually identified and separately recognised.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 5 years

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 merchandise sold or services performed in the ordinary course of business.

Sovereign Forestry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2024	100,000	100,000
At 31 August 2025	100,000	100,000
Amortisation
At 1 September 2024	100,000	100,000
At 31 August 2025	100,000	100,000
Carrying amount
At 31 August 2025	-	-

Goodwill

Sovereign Forestry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	122,824	484,326	126,206	733,356
Additions	-	52,656	17,740	70,396
Disposals	-	-	(7,647)	(7,647)
At 31 August 2025	122,824	536,982	136,299	796,105
Depreciation
At 1 September 2024	-	314,637	58,581	373,218
Charge for the year	-	42,821	20,887	63,708
Eliminated on disposal	-	-	(5,832)	(5,832)
At 31 August 2025	-	357,458	73,636	431,094
Carrying amount
At 31 August 2025	122,824	179,524	62,663	365,011
At 31 August 2024	122,824	169,689	67,625	360,138

Included within the net book value of land and buildings above is £122,824 (2024 - £122,824) in respect of freehold land and buildings.
 

6

Debtors

Current	2025 £	2024 £
Trade debtors	333,338	67,416
Prepayments	10,656	9,920
Other debtors	40,968	43,706
	384,962	121,042

Sovereign Forestry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	38,604	8,314
Taxation and social security	34,762	110,932
Accruals and deferred income	4,940	4,290
	78,306	123,536

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary 'A' of £1 each	5	5	5	5
Ordinary 'B' of £1 each	5	5	5	5
	10	10	10	10

9

Dividends

		2025		2024
		£		£
Interim dividend of £3,284.00 (2024 - £3,399.00) per ordinary share		32,840		33,995

10	Related party transactions

Sovereign Forestry Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	10,107	10,106