Company Registration No. 08912799 (England and Wales)
WILLIAM FORBES LIMITED
Unaudited accounts
for the year ended 28 February 2023
WILLIAM FORBES LIMITED
Unaudited accounts
Contents
WILLIAM FORBES LIMITED
Company Information
for the year ended 28 February 2023
Director
IFTIKHAR, Mohammed Ballal
Company Number
08912799 (England and Wales)
Registered Office
3 THE POPLARS
SOUTH HYLTON
SUNDERLAND
SR4 0PD
Accountants
TAX SHOP ACCOUNTANTS LTD
SUITE 201 THEPLACE
ATHENAEUM STREET
SUNDERLAND
TYNE AND WEAR
SR1 1QX
WILLIAM FORBES LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
469,686
473,234
Investments
1,219,000
989,000
Cash at bank and in hand
13,952
14,699
Creditors: amounts falling due within one year
397
(3,071)
Net current assets
14,349
11,628
Total assets less current liabilities
1,703,035
1,473,862
Creditors: amounts falling due after more than one year
(1,666,901)
(1,421,901)
Called up share capital
200
200
Profit and loss account
35,934
51,761
Shareholders' funds
36,134
51,961
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
IFTIKHAR, Mohammed Ballal
Director
Company Registration No. 08912799
WILLIAM FORBES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
WILLIAM FORBES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08912799. The registered office is 3 THE POPLARS, SOUTH HYLTON, SUNDERLAND, SR4 0PD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
455,491
17,743
473,234
At 28 February 2023
455,491
17,743
473,234
Charge for the year
-
3,548
3,548
At 28 February 2023
-
3,548
3,548
At 28 February 2023
455,491
14,195
469,686
At 28 February 2022
455,491
17,743
473,234
WILLIAM FORBES LIMITED
Notes to the Accounts
for the year ended 28 February 2023
5
Investments
Other investments
Valuation at 1 March 2022
989,000
Valuation at 28 February 2023
1,219,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(397)
3,071
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,666,901
1,421,901
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).