Company Registration number: SC206862

European Forest Machinery Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 8

European Forest Machinery Limited

Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	7,326	8,162
Tangible assets	5	273,830	237,053
		281,156	245,215
Current assets
Stocks		855,905	914,410
Debtors	6	125,704	399,539
Cash at bank and in hand		2,199	2,369
		983,808	1,316,318
Creditors: Amounts falling due within one year	7	(977,901)	(1,226,944)
Net current assets		5,907	89,374
Total assets less current liabilities		287,063	334,589
Creditors: Amounts falling due after more than one year	7	(77,449)	(43,332)
Net assets		209,614	291,257
Capital and reserves
Called up share capital		900	900
Capital redemption reserve		100	100
Retained earnings		208,614	290,257
Shareholders' funds		209,614	291,257

European Forest Machinery Limited

Balance Sheet as at 31 January 2026 (continued)

For the financial year ending 31 January 2026 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2026 and signed on its behalf by:
 

......................................... Mr W J Wilson Company secretary and director

Company registration number: SC206862

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2026

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 1
Industrial Site
Coast Road
Dalbeattie
DG5 4QU

These financial statements were authorised for issue by the Board on 20 August 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
 

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% straight line
Plant and machinery	15% reducing balance
Equipment, fixtures and fittings	20% reducing balance
Motor vehicles	33% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangible assets	10% straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2026 (continued)

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

4	INTANGIBLE ASSETS

	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2025	8,372	8,372
At 31 January 2026	8,372	8,372
Amortisation
At 1 February 2025	209	209
Amortisation charge	837	837
At 31 January 2026	1,046	1,046
Carrying amount
At 31 January 2026	7,326	7,326
At 31 January 2025	8,162	8,162

The aggregate amount of research and development expenditure recognised as an expense during the period is £79,894 (2025 - £nil).
 

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2026 (continued)

5	TANGIBLE ASSETS

	Land and buildings £	Plant and machinery £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	56,365	544,660	33,083	11,174	645,282
Additions	-	-	72,620	-	72,620
At 31 January 2026	56,365	544,660	105,703	11,174	717,902
Depreciation
At 1 February 2025	19,049	363,559	14,857	10,765	408,230
Charge for the year	1,127	27,165	7,415	135	35,842
At 31 January 2026	20,176	390,724	22,272	10,900	444,072
Carrying amount
At 31 January 2026	36,189	153,936	83,431	274	273,830
At 31 January 2025	37,316	181,102	18,226	409	237,053

6

DEBTORS

Current	2026 £	2025 £
Trade debtors	52,420	233,513
Prepayments	5,636	23,879
Other debtors	67,648	142,147
	125,704	399,539

European Forest Machinery Limited

Notes to the financial statements for the Year Ended 31 January 2026 (continued)

7

CREDITORS

Creditors: amounts falling due within one year

		2026 £	2025 £
Due within one year
Loans and borrowings		105,335	179,798
Trade creditors		159,955	959,943
Taxation and social security		-	17,366
Accruals and deferred income		27,907	63,005
Other creditors		684,704	6,832
		977,901	1,226,944

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £100,335 (2025 - £171,465).

Creditors: amounts falling due after more than one year

		2026 £	2025 £
Due after one year
Loans and borrowings		17,412	43,332
Deferred income		60,037	-
		77,449	43,332

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £17,412 (2025 - £38,315).