Carlton Forest Logistics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09487893 (England and Wales)

Financial Statements

for the year ended

31 August 2020

for

Carlton Forest Logistics Limited

Previously known as

Carlton Forest Copak Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M Pepper

D Ward

Green Forest Solutions LLP

S A Robson

REGISTERED OFFICE:

Carlton Forest Distribution Centre

Blyth Road

Worksop

Nottinghamshire

S81 0TP

REGISTERED NUMBER:

09487893 (England and Wales)

SENIOR STATUTORY AUDITOR:

Robert Whitehead FCCA

AUDITORS:

Clive Owen LLP

Chartered Accountants

Statutory Auditors

Oak Tree House, Harwood Road

Northminster Business Park

Upper Poppleton

York

YO26 6QU

CURRENT ASSETS

Debtors

4

176,706

6,827

Cash at bank

1,962

296

178,668

7,123

CREDITORS

Amounts falling due within one year

5

168,102

562

NET CURRENT ASSETS

10,566

6,561

TOTAL ASSETS LESS CURRENT LIABILITIES

10,566

6,561

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

10,565

6,560

SHAREHOLDERS' FUNDS

10,566

6,561

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 25 November 2020 and were signed on its behalf by:

A M Pepper - Director

1.	STATUTORY INFORMATION

Carlton Forest Logistics 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

At the date of approval, the country and indeed the rest of the world is in the midst of dealing with the COVID-19 pandemic. The Directors do not consider this has impacted unfavourably on the business but have taken advantage of government support in order to mitigate any possible financial impact. Whilst there is uncertainty around the length of time the COVID-19 pandemic will last and the full impact on the global economy, the directors believe that it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements, taking into account the continuing support of the group, the shareholders and finance providers.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 1A, not to disclose related party transactions with wholly owned subsidiaries within the group or where transactions are deemed to have been conducted at a market rate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. This is usually a the point that the customer has signed for delivery of the goods.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

117,680

5,909

VAT

58,921

-

Prepayments and accrued income

105

918

176,706

6,827

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

167,886

-

Social security and other taxes

-

562

Accruals and deferred income

216

-

168,102

562

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary

£1

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Whitehead FCCA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

8.	CONTINGENT LIABILITIES

The Company, along with other group companies Green Forest Solutions LLP, IRR CarbonTech Ltd, Carlton Forest Property Management Limited and Carlton Forest 3PL Limited holds a composite banking agreement with Clydesdale Bank Plc. The Group liabilities due to Clydesdale Bank Plc as at the financial year end amounted to £3,646,478 (2019: £3,801,938). Security is held by way of fixed and floating charge over the property, assets and rights of the group companies.

9.	ULTIMATE PARENT COMPANY

The ultimate parent company is Green Forest Solutions LLP (previously known as Carlton Forest Group LLP), a limited liability partnership, registered in England and Wales. The limited liability partnership's registered office is Carlton Forest Distribution Centre Carlton Forest, Blyth Road, Worksop, Nottinghamshire, S81 0TP.

ULTIMATE CONTROLLING PARTY

The parent undertaking is Carlton Forest 3PL Holdings Limited, a limited company, registered in England and Wales. The company's registered office is Carlton Forest Distribution Centre Carlton Forest, Blyth Road, Worksop, Nottinghamshire, S81 0TP.