IRIS Accounts Production v23.3.0.418 03043589 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030435892022-03-31030435892023-03-31030435892022-04-012023-03-31030435892021-03-31030435892021-04-012022-03-31030435892022-03-3103043589ns10:Originalns15:EnglandWales2022-04-012023-03-3103043589ns14:PoundSterlingns10:Original2022-04-012023-03-3103043589ns10:Originalns10:Director12022-04-012023-03-3103043589ns10:Original2022-04-012023-03-3103043589ns10:Original2023-03-3103043589ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3103043589ns10:Originalns10:SmallEntities2022-04-012023-03-3103043589ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3103043589ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103043589ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3103043589ns10:Originalns10:AbridgedAccounts2022-04-012023-03-3103043589ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3103043589ns10:CompanySecretary1ns10:Original2022-04-012023-03-3103043589ns10:Originalns10:RegisteredOffice2022-04-012023-03-3103043589ns10:Original2022-03-3103043589ns10:Originalns5:CurrentFinancialInstruments2023-03-3103043589ns10:Originalns5:CurrentFinancialInstruments2022-03-3103043589ns10:Originalns5:Non-currentFinancialInstruments2023-03-3103043589ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103043589ns5:ShareCapitalns10:Original2023-03-3103043589ns5:ShareCapitalns10:Original2022-03-3103043589ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3103043589ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103043589ns10:Originalns5:PlantMachinery2022-04-012023-03-3103043589ns10:Originalns5:MotorVehicles2022-04-012023-03-3103043589ns10:Original2021-04-012022-03-3103043589ns10:Originalns5:PlantMachinery2022-03-3103043589ns10:Originalns5:PlantMachinery2023-03-3103043589ns10:Originalns5:PlantMachinery2022-03-3103043589ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3103043589ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3103043589ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3103043589ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3103043589ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103043589ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103043589ns10:Originalns5:DeferredTaxation2022-03-3103043589ns10:Originalns5:DeferredTaxation2022-04-012023-03-3103043589ns10:Originalns5:DeferredTaxation2023-03-3103043589ns10:Originalns10:OrdinaryShareClass12023-03-3103043589ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103043589ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 03043589 (England and Wales)


Forest Taxis Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Forest Taxis Limited (Registered number: 03043589)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Forest Taxis Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: Mr S Keski





SECRETARY: Mrs E Keski





REGISTERED OFFICE: 195 Richmond Road
Hackney
London
E8 3NJ





REGISTERED NUMBER: 03043589 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Forest Taxis Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forest Taxis Limited for the year ended 31 March 2023 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Forest Taxis Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forest Taxis Limited and state those matters that we have agreed to state to the director of Forest Taxis Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forest Taxis Limited and its director for our work or for this report.

It is your duty to ensure that Forest Taxis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forest Taxis Limited. You consider that Forest Taxis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forest Taxis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


7 November 2023

Forest Taxis Limited (Registered number: 03043589)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 946,369 618,475

CURRENT ASSETS
Debtors 5 158,012 67,180
Cash at bank and in hand 87,171 15,353
245,183 82,533
CREDITORS
Amounts falling due within one year 6 364,151 203,810
NET CURRENT LIABILITIES (118,968 ) (121,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,401

497,198

CREDITORS
Amounts falling due after more than one
year

7

(618,798

)

(255,976

)

PROVISIONS FOR LIABILITIES 8 (141,294 ) (76,188 )
NET ASSETS 67,309 165,034

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 67,307 165,032
SHAREHOLDERS' FUNDS 67,309 165,034

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 director acknowledges his 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.

Forest Taxis Limited (Registered number: 03043589)

Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





Mr S Keski - Director


Forest Taxis Limited (Registered number: 03043589)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Forest Taxis 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Turnover is generated from ordinary activities of the business and is recognised when the right to consideration is due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Motor vehicles - 10% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 3 ) .

Forest Taxis Limited (Registered number: 03043589)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,439,655
Additions 515,286
Disposals (103,948 )
At 31 March 2023 1,850,993
DEPRECIATION
At 1 April 2022 821,180
Charge for year 156,998
Eliminated on disposal (73,554 )
At 31 March 2023 904,624
NET BOOK VALUE
At 31 March 2023 946,369
At 31 March 2022 618,475

Forest Taxis Limited (Registered number: 03043589)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 1,139,201
Additions 515,287
Disposals (83,853 )
Transfer to ownership (815,703 )
At 31 March 2023 754,932
DEPRECIATION
At 1 April 2022 563,494
Charge for year 148,050
Eliminated on disposal (59,296 )
Charge written back 8,118
Transfer to ownership (578,998 )
At 31 March 2023 81,368
NET BOOK VALUE
At 31 March 2023 673,564
At 31 March 2022 575,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,678 30,678
Other debtors 131,334 36,502
158,012 67,180

Forest Taxis Limited (Registered number: 03043589)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,000 12,000
Hire purchase contracts 109,606 84,139
Trade creditors 152,251 24,517
Taxation and social security 20,173 11,067
Other creditors 70,121 72,087
364,151 203,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 27,000 39,000
Hire purchase contracts 591,798 216,976
618,798 255,976

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 141,294 76,188

Deferred
tax
£   
Balance at 1 April 2022 76,188
Charge to Income Statement during year 65,106
Balance at 31 March 2023 141,294

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Forest Taxis Limited (Registered number: 03043589)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

10. RESERVES
Retained
earnings
£   

At 1 April 2022 165,032
Deficit for the year (97,725 )
At 31 March 2023 67,307

11. RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

1.Amount due to related party at balance sheet date: £67,238 (2022: £68,297). An interest-free loan is payable on demand and is presented within the creditors note.

Transactions with Entities under common and joint control:

1. Amount due from related party at balance sheet date £26,678 (2022:£30,678). An interest-free loan is repayable on demand and presented within the debtors note.

2. Rent of £24,000 was paid to related party for the use of business premises as office.