REGISTERED NUMBER: 07196980 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

S P J Forestry Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S P Jones

Mrs C D Jones

REGISTERED OFFICE:

Goleugoed

Llanwnog

Caersws

Powys

SY17 5PA

REGISTERED NUMBER:

07196980 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

4

1,932,359

1,684,707

CURRENT ASSETS

Stocks

9,520

59,360

Debtors

5

116,216

43,741

Cash at bank

198,923

232,820

324,659

335,921

CREDITORS

Amounts falling due within one year

6

306,685

225,241

NET CURRENT ASSETS

17,974

110,680

TOTAL ASSETS LESS CURRENT LIABILITIES

1,950,333

1,795,387

PROVISIONS FOR LIABILITIES

472,403

416,252

NET ASSETS

1,477,930

1,379,135

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,477,830

1,379,035

SHAREHOLDERS' FUNDS

1,477,930

1,379,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

S P Jones - Director

Mrs C D Jones - Director

1.	STATUTORY INFORMATION

S P J 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents work done, exclusive of value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

101,365

2,645,344

2,746,709

Additions

-

921,940

921,940

Disposals

-

(743,400

)

(743,400

)

At 31 December 2025

101,365

2,823,884

2,925,249

DEPRECIATION

At 1 January 2025

-

1,062,002

1,062,002

Charge for year

-

190,120

190,120

Eliminated on disposal

-

(259,232

)

(259,232

)

At 31 December 2025

-

992,890

992,890

NET BOOK VALUE

At 31 December 2025

101,365

1,830,994

1,932,359

At 31 December 2024

101,365

1,583,342

1,684,707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

112,136

-

Other debtors

4,080

43,741

116,216

43,741

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

11,867

17,173

Taxation and social security

9,182

-

Other creditors

285,636

208,068

306,685

225,241