General Information
Airedale Forestry Limited is a private company, limited by shares, registered in England and Wales, registration number 04584612, registration address 14 Market Place Industrial Estate, Market Place, Houghton le Spring, Tyne and Wear, DH5 8AN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 (1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
4% Straight Line |
| Plant and Machinery |
20% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
33.33% Reducing Balance
|
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 12 (2024 : 14).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
40,500 |
|
40,500 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
40,500 |
|
40,500 |
| Amortisation |
| At 01 December 2024 |
40,500 |
|
40,500 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 30 November 2025 |
40,500 |
|
40,500 |
| Net book values |
| At 30 November 2025 |
- |
|
- |
| At 30 November 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2024 |
72,000 |
|
244,653 |
|
175,317 |
|
15,288 |
|
- |
|
507,258 |
| Additions |
- |
|
65,498 |
|
33,395 |
|
- |
|
47 |
|
98,940 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
72,000 |
|
310,151 |
|
208,712 |
|
15,288 |
|
47 |
|
606,198 |
| Depreciation |
| At 01 December 2024 |
10,800 |
|
154,842 |
|
96,491 |
|
10,216 |
|
- |
|
272,349 |
| Charge for year |
2,880 |
|
31,062 |
|
28,056 |
|
1,624 |
|
16 |
|
63,638 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 30 November 2025 |
13,680 |
|
185,904 |
|
124,547 |
|
11,840 |
|
16 |
|
335,987 |
| Net book values |
| Closing balance as at 30 November 2025 |
58,320 |
|
124,247 |
|
84,165 |
|
3,448 |
|
31 |
|
270,211 |
| Opening balance as at 01 December 2024 |
61,200 |
|
89,811 |
|
78,826 |
|
5,072 |
|
- |
|
234,909 |
|
| 5. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
3,000 |
|
3,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
3,000 |
|
3,000 |
|
| 6. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
13,789 |
|
34,376 |
|
13,789 |
|
34,376 |
|
| 7. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
115,820 |
|
155,088 |
| Prepayments & Accrued Income |
1,176 |
|
945 |
| Other Debtors |
3,000 |
|
3,000 |
| Staff Loan |
1,323 |
|
351 |
|
121,319 |
|
159,384 |
|
| 8. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
46,123 |
|
98,279 |
| Corporation Tax |
29,293 |
|
34,244 |
| PAYE & Social Security |
7,592 |
|
6,929 |
| Pension Control |
1,920 |
|
2,064 |
| Accrued Expenses |
975 |
|
975 |
| Other Creditors |
2,200 |
|
4,018 |
| Obligations under HP/Financial Leases |
50,506 |
|
34,946 |
| Wages & Salaries Control Account |
308 |
|
308 |
| CJ Taylor loan account |
14,641 |
|
2,062 |
| J Kelso loan account |
26,424 |
|
15,256 |
| D Jane loan account |
1,400 |
|
580 |
| VAT |
50,875 |
|
48,291 |
|
232,257 |
|
247,952 |
|
| 9. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
5,000 |
|
15,000 |
| Obligations Under HP/Financial Leases |
91,050 |
|
50,990 |
| CJ & L Taylor Unit Loan |
15,000 |
|
27,000 |
|
111,050 |
|
92,990 |
|
| 10. |
Directors advances, credits and guarantees
Included in creditors: amounts falling due within one year, are amounts owed to Directors of £42,465 (2024 - £17,898).
|
| 11. |
Controlling party
During the year the company was under the control of J Kelso, director and shareholder of the company.
|
2
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