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REGISTERED NUMBER: 08338959 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 December 2022

for

FORERUNNER COMMERCE LTD

FORERUNNER COMMERCE LTD (REGISTERED NUMBER: 08338959)






Contents of the Financial Statements
for the Year Ended 30 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORERUNNER COMMERCE LTD

Company Information
for the Year Ended 30 December 2022







DIRECTORS: Mr P J Van De Vyver
Mr A Watson





SECRETARY: MR P Van De Vyver





REGISTERED OFFICE: 32 Sandgate Road
Folkestone
Kent
CT20 1DP





REGISTERED NUMBER: 08338959 (England and Wales)





ACCOUNTANTS: MMP Accounting Solutions Ltd
Unit 34 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH

FORERUNNER COMMERCE LTD (REGISTERED NUMBER: 08338959)

Balance Sheet
30 December 2022

30.12.22 30.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,830 109,106
Investments 5 128,736 128,736
210,566 237,842

CURRENT ASSETS
Stocks 151,154 117,799
Debtors 6 2,857 -
Cash at bank and in hand 320,287 304,644
474,298 422,443
CREDITORS
Amounts falling due within one year 7 250,029 252,870
NET CURRENT ASSETS 224,269 169,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,835

407,415

CREDITORS
Amounts falling due after more than
one year

8

48,308

88,143
NET ASSETS 386,527 319,272

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 385,527 318,272
386,527 319,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 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.

FORERUNNER COMMERCE LTD (REGISTERED NUMBER: 08338959)

Balance Sheet - continued
30 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





Mr A Watson - Director


FORERUNNER COMMERCE LTD (REGISTERED NUMBER: 08338959)

Notes to the Financial Statements
for the Year Ended 30 December 2022

1. STATUTORY INFORMATION

Forerunner Commerce Ltd 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.

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

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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 24 (2021 - 20 ) .

FORERUNNER COMMERCE LTD (REGISTERED NUMBER: 08338959)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2021
and 30 December 2022 250,139
DEPRECIATION
At 31 December 2021 141,033
Charge for year 27,276
At 30 December 2022 168,309
NET BOOK VALUE
At 30 December 2022 81,830
At 30 December 2021 109,106

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 December 2021
and 30 December 2022 128,736
NET BOOK VALUE
At 30 December 2022 128,736
At 30 December 2021 128,736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 30.12.21
£    £   
Other debtors 2,857 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 30.12.21
£    £   
Bank loans and overdrafts 41,047 44,864
Trade creditors 102 100
Taxation and social security 65,354 92,802
Other creditors 143,526 115,104
250,029 252,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.22 30.12.21
£    £   
Bank loans 24,153 53,695
Other creditors 24,155 34,448
48,308 88,143