REGISTERED NUMBER: 06702076 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

NICK MILLS FORESTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

N Mills

C Mills

REGISTERED OFFICE:

Market House

21 Lenten Street

Alton

GU34 1HG

REGISTERED NUMBER:

06702076 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

FIXED ASSETS

Tangible assets

4

703,557

850,903

CURRENT ASSETS

Debtors

5

32,824

160,283

Cash at bank

583,094

516,963

615,918

677,246

CREDITORS

Amounts falling due within one year

6

232,706

174,995

NET CURRENT ASSETS

383,212

502,251

TOTAL ASSETS LESS CURRENT LIABILITIES

1,086,769

1,353,154

CREDITORS

Amounts falling due after more than one year

7

(396,178

)

(499,630

)

PROVISIONS FOR LIABILITIES

9

(133,676

)

(161,672

)

NET ASSETS

556,915

691,852

CAPITAL AND RESERVES

Called up share capital

10

125

125

Retained earnings

556,790

691,727

SHAREHOLDERS' FUNDS

556,915

691,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 2 February 2026 and were signed on its behalf by:

N Mills - Director

1.	STATUTORY INFORMATION

Nick Mills 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.

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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

1,285,433

102,287

500

1,388,220

Additions

96,500

-

-

96,500

At 31 October 2025

1,381,933

102,287

500

1,484,720

DEPRECIATION

At 1 November 2024

477,197

59,620

500

537,317

Charge for year

233,180

10,666

-

243,846

At 31 October 2025

710,377

70,286

500

781,163

NET BOOK VALUE

At 31 October 2025

671,556

32,001

-

703,557

At 31 October 2024

808,236

42,667

-

850,903

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 November 2024

1,057,100

78,995

1,136,095

Additions

96,500

-

96,500

Transfer to ownership

(118,600

)

(34,678

)

(153,278

)

At 31 October 2025

1,035,000

44,317

1,079,317

DEPRECIATION

At 1 November 2024

306,912

39,437

346,349

Charge for year

200,094

6,232

206,326

Transfer to ownership

(72,287

)

(20,049

)

(92,336

)

At 31 October 2025

434,719

25,620

460,339

NET BOOK VALUE

At 31 October 2025

600,281

18,697

618,978

At 31 October 2024

750,188

39,558

789,746

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

36,065

Directors' loan account

32,824

50,220

Tax

-

30,544

VAT

-

43,454

32,824

160,283

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,667

10,000

Hire purchase contracts

156,909

152,839

Trade creditors

553

-

Tax

23,120

-

Social security and other taxes

3,349

3,007

VAT

21,891

-

Net wages

(658

)

(574

)

Directors' loan account

17,458

6,320

Accrued expenses

3,417

3,403

232,706

174,995

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

6,667

Hire purchase contracts

396,178

492,963

396,178

499,630

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

553,087

645,802

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

133,676

161,672

Deferred

tax

£

Balance at 1 November 2024

161,672

Movement in year

(27,996

)

Balance at 31 October 2025

133,676

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

125

125

11.	RELATED PARTY DISCLOSURES

During the period related parties repaid £17,396 of an advance (2024: advanced £11,883). At the year end the balance outstanding was £32,824 (2024: £50,220). Interest has been charged on the loan at the official rate where applicable.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nick Mills Forestry Limited for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Nick Mills Forestry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nick Mills Forestry Limited and state those matters that we have agreed to state to the Board of Directors of Nick Mills Forestry Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nick Mills Forestry Limited 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 loss of Nick Mills Forestry Limited. You consider that Nick Mills Forestry Limited 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 Nick Mills Forestry Limited. 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 financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

2 February 2026