Registered number: 04819723 | ||||||||
FOR THE YEAR ENDED 30/04/2023 | ||||||||
Prepared By: | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
R. M. Forlow Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/04/2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Mrs V A Forlow | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04819723 | ||||||||
BANKERS | ||||||||
HBSC plc | ||||||||
ACCOUNTANTS | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
R. M. Forlow Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/04/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
R. M. Forlow Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Current Asset Investments | 4 | |||||||||
Cash at bank and in hand | ||||||||||
123,229 | 32,269 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 13,867 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 32,346 | 27,644 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 39,211 | 15,908 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
R. M. Forlow Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/04/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Computer Equipment | reducing balance 25% | |||||||
Motor Vehicles | reducing balance 25% |
1c. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the provision of goods and services. |
R. M. Forlow Limited | ||||||||
1f. Leases | ||||||||
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. | ||||||||
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | ||||||||
Machinery | Equipment | Motor Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/05/2022 | 88,626 | 4,239 | 37,290 | 130,155 | ||||
Additions | 27,500 | - | - | 27,500 | ||||
Disposals | - | - | (17,500) | (17,500) | ||||
At 30/04/2023 | 116,126 | 4,239 | 19,790 | 140,155 | ||||
Depreciation | ||||||||
At 01/05/2022 | 76,398 | 1,685 | 15,301 | 93,384 | ||||
Disposals | - | - | (4,375) | (4,375) | ||||
For the year | 9,932 | 638 | 255 | 10,825 | ||||
At 30/04/2023 | 86,330 | 2,323 | 11,181 | 99,834 | ||||
Net Book Amounts | ||||||||
At 30/04/2023 | 29,796 | 1,916 | 8,609 | 40,321 | ||||
At 30/04/2022 | 12,228 | 2,554 | 21,989 | 36,771 | ||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 56,130 | 2,826 | ||||||
56,130 | 2,826 | |||||||
4. CURRENT ASSET INVESTMENTS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Other investments | 25,750 | 25,750 | ||||||
R. M. Forlow Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 17,543 | 3,183 | ||||||
VAT | 12,333 | 1,702 | ||||||
Other taxation and social security creditors | 454 | 180 | ||||||
Directors current account | 6,931 | 1,665 | ||||||
Bank loan | 7,764 | 8,091 | ||||||
Hire purchase | 7,500 | - | ||||||
Trade creditors | 26,883 | 1,781 | ||||||
Accruals | 1,800 | 1,800 | ||||||
81,208 | 18,402 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 20,471 | 27,644 | ||||||
Hire purchase >1yr | 11,875 | - | ||||||
32,346 | 27,644 | |||||||
7. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 19,375 | - | ||||||
The bank overdraft is secured by way of a fixed and floating charge over the assets of the company. Hire purchase creditors are secured on the asset to which the liability relates. | ||||||||
8. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
R. M. Forlow Limited | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 04819723. | ||||||||
The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN. |