Registered number
11329697
Forestville Communications Ltd
Filleted Accounts
31 March 2023
Forestville Communications Ltd
Registered number: 11329697
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,169 1,580
Current assets
Debtors 4 138,109 108,944
Cash at bank and in hand 56,531 97,020
194,640 205,964
Creditors: amounts falling due within one year 5 (105,346) (129,893)
Net current assets 89,294 76,071
Net assets 92,463 77,651
Capital and reserves
Called up share capital 100 100
Profit and loss account 92,363 77,551
Shareholders' funds 92,463 77,651
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Oliver Deed
Director
Approved by the board on 24 October 2023
Forestville Communications Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,136
Additions 2,687
At 31 March 2023 5,823
Depreciation
At 1 April 2022 1,556
Charge for the year 1,098
At 31 March 2023 2,654
Net book value
At 31 March 2023 3,169
At 31 March 2022 1,580
4 Debtors 2023 2022
£ £
Trade debtors 126,582 97,417
Other debtors 11,527 11,527
138,109 108,944
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 19,956 47,603
Taxation and social security costs 48,718 45,025
Other creditors 36,672 37,265
105,346 129,893
6 Other information
Forestville Communications Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
United Kingdom
CH44 4BT
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