| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
35,010 |
|
|
8,492 |
| Current assets |
|
268,297 |
|
|
334,054 |
|
| Prepayments and accrued income |
|
2,088 |
|
|
36,233 |
|
| Creditors: amount falling due within one year |
|
(247,124) |
|
|
(278,072) |
|
|
Net current assets
|
|
|
23,261
|
|
|
92,215
|
|
Total assets less current liabilities
|
|
|
58,271 |
|
|
100,707 |
| Creditors: amount falling due after more than one year |
|
|
(18,973) |
|
|
0 |
| Accruals and deferred income |
|
|
(78,390) |
|
|
(65,687) |
|
Net assets
|
|
|
(39,092) |
|
|
35,020 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(39,092) |
|
|
35,020 |
| |
NOTES TO THE ACCOUNTS
General Information
SUSTAINABLE WOODCHIP LTD is a private company, limited by shares, registered in England and Wales, registration number 13660652, registration address 2 & 8 Collinson Court, Church Street, Frodsham, Cheshire, WA6 6PN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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.
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 November 2024 |
7,833 |
|
2,106 |
|
- |
|
9,939 |
| Additions |
3,025 |
|
1,796 |
|
33,175 |
|
37,996 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 October 2025 |
10,858 |
|
3,902 |
|
33,175 |
|
47,935 |
| Depreciation |
| At 01 November 2024 |
1,007 |
|
440 |
|
- |
|
1,447 |
| Charge for year |
2,181 |
|
1,003 |
|
8,294 |
|
11,478 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 October 2025 |
3,188 |
|
1,443 |
|
8,294 |
|
12,925 |
| Net book values |
| Closing balance as at 31 October 2025 |
7,670 |
|
2,459 |
|
24,881 |
|
35,010 |
| Opening balance as at 01 November 2024 |
6,826 |
|
1,666 |
|
- |
|
8,492 |
The net book value of Motor Vehicles includes £ 24,881 in respect of assets leased under finance leases or hire purchase contracts.
|
| 3. |
Average number of employees
Average number of employees during the year was 5 (2024 : 3).
|
For the year ended 31 October 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 August 2026 and were signed on its behalf by: --------------------------------
Scott Leader
Director |
1
|