Company Registration No. SC228249 (Scotland)
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
COMPANY INFORMATION
Directors
Christopher Inglis
Ian Millward
Mark Steele
Jemma Bargery
(Appointed 27 February 2019)
Stuart Goodall
(Appointed 27 February 2019)
Secretary
Ian Millward
Company number
SC228249
Registered office
3rd Floor
59 George Street
Edinburgh
EH2 2JG
Auditor
Greaves West & Ayre
17 Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
Business address
Vernon Cottage
Hazeldene Road
Liphook
Hampshire
GU30 7PH
Bankers
Unity Trust Bank plc
Nine Brindleyplace
4 Oozells Square
Birmingham
B1 2HB
Lloyds Bank
12 High Street
Haslemere
Surrey
GU27 2JG
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Profit and loss account
6
Balance sheet
7
Statement of changes in equity
8
Notes to the financial statements
9 - 14
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2018
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2018.
Principal activities
The principal activity of the company continued to be that of organising and promoting the biennial APF International Forest Machinery Exhibition, and any other connected exhibitions and events.
It is a wholly owned subsidiary of The Confederation of Forest Industries (UK) Limited (Confor).
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Michael Box
(Resigned 19 February 2019)
Christopher Inglis
Ian Millward
Mark Steele
Jemma Bargery
(Appointed 27 February 2019)
Stuart Goodall
(Appointed 27 February 2019)
Results and dividends
The company does not intend to pay any dividends.
Statement of directors' responsibilities
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 2 -
By order of the board
Ian Millward
Secretary
4 July 2019
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
- 3 -
Opinion
We have audited the financial statements of APF International Forest Machinery Exhibition Ltd. (the 'company') for the year ended 31 December 2018 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and notes to the financial statements, including a summary of significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the company's affairs as at 31 December 2018 and of its profit for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the
Auditor's
responsibilities for the audit of the financial statements
section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard
, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
The impact of uncertainties on our audit due to the UK leaving the European Union
Uncertainties relating to the effects of the UK leaving the European Union are relevant to understanding our audit of the financial statements. All audits assess the reasonableness of estimates made by the directors and the appropriateness of the going concern basis of preparation of the financial statements. These depend upon assessments of the future economic environment and the company’s prospects.
Leaving the EU is a significant economic event for the UK, and at the date of this report its effects are subject to various possible outcomes, with the full range of possible effects unknown. We have applied a standard firm wide approach in response to this uncertainty when assessing the company’s future prospects. However, it is not possible to predict all of the possible effects on the company of the UK leaving the European Union.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
-
the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
-
the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue
.
However, as we cannot predict all future events, in particular with regard to any possible effects arising from the UK leaving the European Union, the absence of a reference to a material uncertainty in this report is not a guarantee that the company will continue in operation.
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
- 4 -
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the
financial statements
does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit
:
-
the information given in the directors' r
eport for the financial year for which the financial statements are prepared is consistent with the financial statements
; and
-
the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie
d
material misstatements in the directors'
r
eport
.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of directors' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and take advantage of the small companies exemption from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors'
r
esponsibilities
s
tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
- 5 -
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities
.
This description forms part of our auditor’s report.
This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member for our audit work, for this report, or for the opinions we have formed.
Colin Frame CA (Senior Statutory Auditor)
for and on behalf of Greaves West & Ayre
31 July 2019
Chartered Accountants
Statutory Auditor
17 Walkergate
Berwick-upon-Tweed
Northumberland
TD15 1DJ
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2018
- 6 -
2018
2017
Notes
£
£
Turnover
776,388
5,200
Cost of sales
(585,555)
(17,539)
Gross profit/(loss)
190,833
(12,339)
Administrative expenses
(138,688)
(44,486)
Other operating income
-
1,522
Operating profit/(loss)
2
52,145
(55,303)
Interest receivable and similar income
(10,735)
25,673
Profit/(loss) before taxation
41,410
(29,630)
Tax on profit/(loss)
(6,059)
5,421
Profit/(loss) for the financial year
35,351
(24,209)
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
BALANCE SHEET
AS AT 31 DECEMBER 2018
31 December 2018
- 7 -
2018
2017
Notes
£
£
£
£
Fixed assets
Investments
5
237,348
200,290
Current assets
Debtors
6
22,413
77,420
Cash at bank and in hand
100,281
255,296
122,694
332,716
Creditors: amounts falling due within one year
7
(80,756)
(285,135)
Net current assets
41,938
47,581
Total assets less current liabilities
279,286
247,871
Provisions for liabilities
(3,624)
(7,560)
Net assets
275,662
240,311
Capital and reserves
Called up share capital
8
1
1
Other reserves
22,932
39,772
Profit and loss reserves
252,729
200,538
Total equity
275,662
240,311
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 July 2019 and are signed on its behalf by:
Christopher Inglis
Ian Millward
Director
Director
Company Registration No. SC228249
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2018
- 8 -
Share capital
Other reserves
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2017
1
18,873
245,646
264,520
Year ended 31 December 2017:
Loss and total comprehensive income for the year
-
-
(24,209)
(24,209)
Transfers
-
20,899
(20,899)
-
Balance at 31 December 2017
1
39,772
200,538
240,311
Year ended 31 December 2018:
Profit and total comprehensive income for the year
-
-
35,351
35,351
Transfers
-
(16,840)
16,840
-
Balance at 31 December 2018
1
22,932
252,729
275,662
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
- 9 -
1
Accounting policies
Company information
APF International Forest Machinery Exhibition Ltd. is a
private
company
limited by shares
incorporated in Scotland.
The registered office is
3rd Floor, 59 George Street, Edinburgh, EH2 2JG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods
and services
is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Income from investments, including dividends, interest and other income types, is recognised as follows:
Dividend income from investments is recognised when the shareholder's right to receive payment has been established.
Interest and other income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Computer equipment 33% straight-line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
1
Accounting policies
(Continued)
- 10 -
1.4
Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised through the profit and loss account. Transactions costs are expensed to the profit and loss account as they are incurred.
1.5
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities. Trade creditors are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
1
Accounting policies
(Continued)
- 11 -
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
As a large amount of the company's trading takes place with or on behalf of its members, the company benefits from mutual trading exemptions from taxation.
The tax currently payable is based on
the proportion of
taxable profit for the year
which does not relate to transactions with or on behalf of members
. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Operating profit/(loss)
2018
2017
Operating profit/(loss) for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
1,750
1,750
3
Employees
The average number of employees was 1 (2017 - 1). As this year was an exhibition year, a number of others were paid fees and expenses to assist with the running of the show over around a 10 day period, however these people are not included as employees of the company.
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 12 -
4
Tangible fixed assets
Office equipment
£
Cost
At 1 January 2018 and 31 December 2018
2,346
Depreciation and impairment
At 1 January 2018 and 31 December 2018
2,346
Carrying amount
At 31 December 2018
-
At 31 December 2017
-
5
Fixed asset investments
2018
2017
£
£
Investments
237,348
200,290
Fixed asset investments revalued
Fixed asset investments are included at market value. The historic cost of the investment portfolio is £210,791 (2017 £156,356).
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 January 2018
200,290
Additions
109,197
Valuation changes
(17,377)
Disposals
(54,762)
At 31 December 2018
237,348
Carrying amount
At 31 December 2018
237,348
At 31 December 2017
200,290
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 13 -
6
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
21,653
49,650
Corporation tax recoverable
-
8,820
Other debtors
760
18,950
22,413
77,420
7
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
41,514
11,622
Corporation tax
10,391
-
Other taxation and social security
-
7,265
Other creditors
28,851
266,248
80,756
285,135
8
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1 each
1
1
9
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Name of related party
Nature of relationship
Confor (UK) Limited
Parent Company
E J Box
Son of Mike Box
Eric Boyd
Exhibition committee member
Forest & Land Management Ltd
Mike Box is a director
Gordon Adam
Exhibition committee member
Ian Millward Forestry Ltd
Ian Millward is a director
J Bargery
Daughter of Mike Box
L Box
Wife of Mike Box
Lakeland Forestry Contracting
Mark Steele is a director
M Box
Son of Mike Box
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
9
Related party transactions
(Continued)
- 14 -
Description of
Payments
transaction
2018
2017
£
£
Confor (UK) Limited
Supply of services
15,236
E J Box
Wages/expenses
1,472
Eric Boyd
Supply of services
10,125
1,692
Forest & Land Management Ltd
Supply of services
13,440
3,429
Gordon Adam
Supply of services
2,528
1,225
Ian Millward Forestry Ltd
Supply of services
54,591
23,880
J Bargery
Committee expenses
9,271
1,418
L Box
Wages/expenses
1,372
Lakeland Forestry Contracting
Supply of services
22,087
M Box
Committee expenses
10,431
2,698
Amounts owed to/by related parties
At the reporting date, the following amounts were owed to the related parties. No amounts were outstanding at the previous year end, other than specifically noted below:
Confor (UK) Limited £15,236
Eric Boyd £ 1,015
Forest & Land Management Ltd £ 658 (2017 £1,334)
Gordon Adam £ 400
Ian Millward Forestry Limited £20,730
Lakeland Forestry Contracting £ 3,535
10
Directors' transactions
The following expenses were reimbursed to directors (as natural persons) during the year:
Ian Millward £ 811
Mike Box £ 1,986
Mark Steele £ 3,405
Chris Inglis £ 306
Payments were also made to companies with common directorship in respect of services provided, as delineated above.
11
Parent company
The company is a wholly owned subsidiary of The Confederation of Forest Industries (UK) Limited, (Confor), a UK registered company.
Consolidated accounts are produced by the parent, showing the results of the group as a whole, and are available from the company's registered office.
Confor is the ultimate controlling party as it controls 100% of the company's share capital.
2018-12-31
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CCH Software
CCH Accounts Production 2019.100
Michael Box
Christopher Inglis
Mark Steele
Jemma Bargery
Stuart Goodall
Stuart Goodall
Ian Millward
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2017-12-31
SC228249
bus:OrdinaryShareClass1
2018-01-01
2018-12-31
SC228249
bus:OrdinaryShareClass1
2018-12-31
SC228249
core:ParentEntities
2018-01-01
2018-12-31
SC228249
core:CloseFamilyMember1
2018-01-01
2018-12-31
SC228249
core:OtherRelatedPartyRelationshipType2ComponentTotalRelatedParties
2018-01-01
2018-12-31
SC228249
core:EntitiesControlledByKeyManagementPersonnel
2018-01-01
2018-12-31
SC228249
core:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties
2018-01-01
2018-12-31
SC228249
core:EntityControlledByKeyManagementPersonnel1
2018-01-01
2018-12-31
SC228249
core:CloseFamilyMember2
2018-01-01
2018-12-31
SC228249
core:CloseFamilyMember3
2018-01-01
2018-12-31
SC228249
core:EntityControlledByKeyManagementPersonnel2
2018-01-01
2018-12-31
SC228249
core:CloseFamilyMember4
2018-01-01
2018-12-31
SC228249
core:RenderingOrReceivingServices
2018-01-01
2018-12-31
SC228249
core:InterestFeesOtherExpenseTransactions
2018-01-01
2018-12-31
SC228249
core:CloseFamilyMember2
core:ExpensesReimbursed
2018-01-01
2018-12-31
SC228249
core:ExpensesReimbursed
2018-01-01
2018-12-31
SC228249
core:ParentEntities
2017-01-01
2017-12-31
SC228249
core:CloseFamilyMember1
2017-01-01
2017-12-31
SC228249
core:OtherRelatedPartyRelationshipType2ComponentTotalRelatedParties
2017-01-01
2017-12-31
SC228249
core:EntitiesControlledByKeyManagementPersonnel
2017-01-01
2017-12-31
SC228249
core:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties
2017-01-01
2017-12-31
SC228249
core:EntityControlledByKeyManagementPersonnel1
2017-01-01
2017-12-31
SC228249
core:CloseFamilyMember2
2017-01-01
2017-12-31
SC228249
core:CloseFamilyMember3
2017-01-01
2017-12-31
SC228249
core:EntityControlledByKeyManagementPersonnel2
2017-01-01
2017-12-31
SC228249
core:CloseFamilyMember4
2017-01-01
2017-12-31
SC228249
bus:PrivateLimitedCompanyLtd
2018-01-01
2018-12-31
SC228249
bus:FRS102
2018-01-01
2018-12-31
SC228249
bus:Audited
2018-01-01
2018-12-31
SC228249
bus:FullAccounts
2018-01-01
2018-12-31
xbrli:pure
xbrli:shares
iso4217:GBP