Laggan Forest Trust Forestry Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC189326 (Scotland)

Unaudited Financial Statements For The Year Ended 30th September 2025

for

THE LAGGAN FOREST TRUST

FORESTRY COMPANY LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

D L Narro

J I G Menzies

Registered office:

Laggan Forest Office

Strathmashie

Laggan

Newtonmore

Inverness-shire

PH20 1BU

Registered number:

SC189326 (Scotland)

Accountants:

Goldwells

15-17 High Street

Kingussie

Inverness-Shire

PH21 1HS

Fixed assets

Intangible assets

4

3,504

4,088

Tangible assets

5

582,468

585,578

585,972

589,666

Current assets

Stocks

2,000

1,760

Debtors

6

6,048

Cash at bank

5,410

3,817

13,458

11,625

Creditors

Amounts falling due within one year

7

95,971

88,177

Net current liabilities

(82,513

)

(76,552

)

Total assets less current liabilities

503,459

513,114

Accruals and deferred income

8

144,052

145,336

Net assets

359,407

367,778

Capital and reserves

Called up share capital

2

Other reserves

472,593

Retained earnings

(113,188

)

(104,817

)

359,407

367,778

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th May 2026 and were signed on its behalf by:

D L Narro - Director

1.	Statutory information

The Laggan Forest Trust Forestry Company Ltd. 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

in accordance with the property

Improvements to Property

-

5% on cost

Fixtures and fittings

-

25% on reducing balance

Plant & machinery

-

25% on reducing balance

Computer equipment

-

33% on 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 Income Statement, 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

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

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 7 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1st October 2024

and 30th September 2025

5,840

Amortisation

At 1st October 2024

1,752

Charge for year

584

At 30th September 2025

2,336

Net book value

At 30th September 2025

3,504

At 30th September 2024

4,088

5.	Tangible fixed assets

Improvements

Fixtures

Freehold

to

and

property

Property

fittings

£

Cost

At 1st October 2024

571,571

16,610

8,570

Additions

-

357

Disposals

-

At 30th September 2025

571,571

16,610

8,927

Depreciation

At 1st October 2024

-

9,985

6,314

Charge for year

-

828

564

Eliminated on disposal

-

At 30th September 2025

-

10,813

6,878

Net book value

At 30th September 2025

571,571

5,797

2,049

At 30th September 2024

571,571

6,625

2,256

Plant &

Computer

machinery

Equipment

equipment

Totals

£

Cost

At 1st October 2024

26,705

8,938

1,798

634,192

Additions

-

357

Disposals

(17,193

)

(150

)

(924

)

(18,267

)

At 30th September 2025

9,512

8,788

874

616,282

Depreciation

At 1st October 2024

24,601

5,916

1,798

48,614

Charge for year

185

502

-

2,079

Eliminated on disposal

(15,835

)

(120

)

(924

)

(16,879

)

At 30th September 2025

8,951

6,298

874

33,814

Net book value

At 30th September 2025

561

2,490

-

582,468

At 30th September 2024

2,104

3,022

-

585,578

6.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

6,048

7.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

7,500

12,800

Other loans

74,513

59,513

Trade creditors

3,145

5,574

Social security and other taxes

426

613

VAT

4,771

4,406

Amounts owed to Laggan Forest

Trust

2,784

Rent Deposit

865

Accrued expenses

1,967

1,622

95,971

88,177

8.	Accruals and deferred income

The balance of £144,052 relates to the capital grants for the EV charger point being depreciated over its useful life of 10 years, the digital grant, canopy grant and building improvements grant.