Tayside Forestry Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC355016

		2026
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		391,387

			391,387
CURRENT ASSETS
Stocks	5	1,714,500
Debtors	6	174,081
Cash at bank and in hand		4,120

		1,892,701
Creditors: Amounts Falling Due Within One Year	7	(780,210 )

NET CURRENT ASSETS (LIABILITIES)			1,112,491

TOTAL ASSETS LESS CURRENT LIABILITIES			1,503,878

Creditors: Amounts Falling Due After More Than One Year	8		(1,346,192 )

NET ASSETS			157,686

CAPITAL AND RESERVES
Called up share capital	10		100
Profit and Loss Account			157,586

SHAREHOLDERS' FUNDS			157,686

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Tayside Forestry Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Brian Hughes

Director

23/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tayside Forestry Limited is a private company, limited by shares, incorporated in Scotland, registered number SC355016 . The registered office is Templeton, Strathmartine, Dundee, DD3 0PP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 36

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Tayside Forestry Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	714,840	83,699	28,858	827,397
Additions	76,212	20,900	-	97,112

As at 31 March 2026	791,052	104,599	28,858	924,509

Depreciation
As at 1 April 2025	391,706	46,843	19,542	458,091
Provided during the period	59,395	14,439	1,197	75,031

As at 31 March 2026	451,101	61,282	20,739	533,122

Net Book Value
As at 31 March 2026	339,951	43,317	8,119	391,387

As at 1 April 2025	323,134	36,856	9,316	369,306

5. Stocks

	2026
	£
Materials	1,714,500

6. Debtors

	2026
	£
Due within one year
Trade debtors	(1,766 )
Other debtors	175,847

	174,081

7. Creditors: Amounts Falling Due Within One Year

	2026
	£
Net obligations under finance lease and hire purchase contracts	12,680
Trade creditors	95,060
Bank loans and overdrafts	361,708
Other creditors	78,823
Taxation and social security	231,939

	780,210

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Tayside Forestry Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Creditors: Amounts Falling Due After More Than One Year

	2026
	£
Net obligations under finance lease and hire purchase contracts	816
Bank loans	1,345,376

	1,346,192

9. Obligations Under Finance Leases and Hire Purchase

	2026
	£
The future minimum finance lease payments are as follows:
Not later than one year	12,680
Later than one year and not later than five years	816

	13,496

	13,496

10. Share Capital

	2026
	£
Allotted, Called up and fully paid	100

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