REGISTERED NUMBER: SC691520 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2026

for

Howie Forestry Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Howie

A J Howie

REGISTERED OFFICE:

Allan Glen

Yett

Tarbolton

Mauchline

Ayrshire

KA5 5NU

REGISTERED NUMBER:

SC691520 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

Westburn Business Centre

McNee Road

Prestwick

KA9 2PB

FIXED ASSETS

Tangible assets

4

1,632,797

1,477,257

CURRENT ASSETS

Stocks

44,844

44,265

Debtors

5

304,022

325,824

Cash at bank

2,865

35,036

351,731

405,125

CREDITORS

Amounts falling due within one year

6

664,642

492,947

NET CURRENT LIABILITIES

(312,911

)

(87,822

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,319,886

1,389,435

CREDITORS

Amounts falling due after more than one year

7

(971,749

)

(969,803

)

PROVISIONS FOR LIABILITIES

9

(259,352

)

(278,813

)

NET ASSETS

88,785

140,819

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

88,685

140,719

SHAREHOLDERS' FUNDS

88,785

140,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

A J Howie - Director

1.	STATUTORY INFORMATION

Howie Forestry Solutions Ltd is a private company, limited by shares , registered in Scotland. 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.

Going concern

The directors review working capital requirement of the business on a regular basis taking account of current and projected trading performance. This is all with a view to ensuring as far as possible that there are adequate resources to meet commitments as they fall due.

In addition, the directors have indicated their willingness to continue with their support to the company in the form of loan monies. Taking account of all of these factors the directors are of the view that the accounts can be prepared on a going concern basis.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover

Turnover is derived from forestry services supplied by the company. Turnover is measured at the fair value of services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Impairment of fixed assets

At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to the income statement as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amounts of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors, creditors and non-puttable ordinary shares.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Ordinary shares are initially recognised at transaction cost and subsequently valued at fair value at the year end with any changes in fair value being recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 July 2025

-

1,844,376

152,539

1,996,915

Additions

21,625

519,771

69,495

610,891

Disposals

-

(267,859

)

(75,225

)

(343,084

)

At 30 June 2026

21,625

2,096,288

146,809

2,264,722

DEPRECIATION

At 1 July 2025

-

460,077

59,581

519,658

Charge for year

2,163

181,419

17,172

200,754

Eliminated on disposal

-

(47,188

)

(41,299

)

(88,487

)

At 30 June 2026

2,163

594,308

35,454

631,925

NET BOOK VALUE

At 30 June 2026

19,462

1,501,980

111,355

1,632,797

At 30 June 2025

-

1,384,299

92,958

1,477,257

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2025

936,017

65,900

1,001,917

Additions

255,700

43,000

298,700

Disposals

(85,000

)

(27,900

)

(112,900

)

Transfer to ownership

(171,780

)

-

(171,780

)

At 30 June 2026

934,937

81,000

1,015,937

DEPRECIATION

At 1 July 2025

170,084

15,889

185,973

Charge for year

87,788

11,594

99,382

Eliminated on disposal

(2,833

)

(13,514

)

(16,347

)

Transfer to ownership

(59,070

)

-

(59,070

)

At 30 June 2026

195,969

13,969

209,938

NET BOOK VALUE

At 30 June 2026

738,968

67,031

805,999

At 30 June 2025

765,933

50,011

815,944

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

302,576

297,962

Other debtors

1,446

27,862

304,022

325,824

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

11,996

10,219

Hire purchase contracts

145,727

214,457

Trade creditors

81,759

145,072

Taxation and social security

43,009

62,860

Other creditors

382,151

60,339

664,642

492,947

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,138

Hire purchase contracts

221,749

218,665

Other creditors

750,000

750,000

971,749

969,803

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

880

11,357

Hire purchase contracts

367,476

433,122

368,356

444,479

The bank loan is supported by a 100% guarantee from the UK Government and is also secured by a director.

The hire purchase liabilities are secured over the assets being financed together with a personal guarantee from the directors, up to £50,000.

9.	PROVISIONS FOR LIABILITIES

A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for the expenditure for which the provision was originally recognised.

10.	RELATED PARTY DISCLOSURES

The company operates a loan account with the directors. During the year, the directors introduced £381,660 and were repaid £62,727 from the company. At the year end, the balance due to the directors was £1,122,141 (2025: £803,208) this loan is unsecured, interest free and has no fixed repayment terms.