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REGISTERED NUMBER: 04181126 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Andrew Forbes Limited

Andrew Forbes Limited (Registered number: 04181126)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andrew Forbes Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A G B Forbes
M G Mather
D Chichester





SECRETARY: A G B Forbes





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 04181126 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Andrew Forbes Limited (Registered number: 04181126)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,902 25,343
26,902 25,343

CURRENT ASSETS
Debtors 6 178,135 192,521
Cash at bank 427,597 317,741
605,732 510,262
CREDITORS
Amounts falling due within one year 7 286,713 243,876
NET CURRENT ASSETS 319,019 266,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,921

291,729

CREDITORS
Amounts falling due after more than one
year

8

(93,943

)

(184,488

)

PROVISIONS FOR LIABILITIES (5,035 ) (4,722 )
NET ASSETS 246,943 102,519

CAPITAL AND RESERVES
Called up share capital 9 109 109
Share premium 10 3,991 3,991
Retained earnings 10 242,843 98,419
SHAREHOLDERS' FUNDS 246,943 102,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Andrew Forbes Limited (Registered number: 04181126)

Balance Sheet - continued
31 March 2023


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 19 October 2023 and were signed on its behalf by:




A G B Forbes - Director



M G Mather - Director


Andrew Forbes Limited (Registered number: 04181126)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Andrew Forbes 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance basis
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 25% on straight line basis

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2022 - 19 ) .

Andrew Forbes Limited (Registered number: 04181126)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 40,000
AMORTISATION
At 1 April 2022
and 31 March 2023 40,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 6,817 36,493 52,109 95,419
Additions - 6,593 2,159 8,752
At 31 March 2023 6,817 43,086 54,268 104,171
DEPRECIATION
At 1 April 2022 5,895 23,863 40,318 70,076
Charge for year 139 2,884 4,170 7,193
At 31 March 2023 6,034 26,747 44,488 77,269
NET BOOK VALUE
At 31 March 2023 783 16,339 9,780 26,902
At 31 March 2022 922 12,630 11,791 25,343

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 134,440 154,877
Prepayments 43,695 37,644
178,135 192,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,273 -
Trade creditors 39,795 69,118
Tax 89,083 54,146
Social security and other taxes 88,481 91,173
Other creditors 3,580 3,564
Directors' loan accounts 12,844 18,785
Accrued expenses 7,657 7,090
286,713 243,876

Andrew Forbes Limited (Registered number: 04181126)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 93,943 184,488

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
109 Ordinary £1 109 109

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 98,419 3,991 102,410
Profit for the year 382,424 382,424
Dividends (238,000 ) (238,000 )
At 31 March 2023 242,843 3,991 246,834