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REGISTERED NUMBER: 03524450 (England and Wales)



































Financial Statements

for the Year Ended 31 March 2023

for

Forever in Blue Jeans Limited

Forever in Blue Jeans Limited (Registered number: 03524450)






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


Forever in Blue Jeans Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs C Newman





SECRETARY: Mrs C Newman





REGISTERED OFFICE: High Tree Barn
Prince Hold Road
Lower Way
Thatcham
Berkshire
RG19 3TH





REGISTERED NUMBER: 03524450 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Forever in Blue Jeans Limited (Registered number: 03524450)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 2,360 3,372
2,361 3,373

CURRENT ASSETS
Debtors 6 15,337 7,547
Cash at bank 20,272 8,601
35,609 16,148
CREDITORS
Amounts falling due within one year 7 24,610 11,298
NET CURRENT ASSETS 10,999 4,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,360

8,223

PROVISIONS FOR LIABILITIES 8 448 641
NET ASSETS 12,912 7,582

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 12,910 7,580
SHAREHOLDERS' FUNDS 12,912 7,582

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 her 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.

Forever in Blue Jeans Limited (Registered number: 03524450)

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 director and authorised for issue on 15 November 2023 and were signed by:





Mrs C Newman - Director


Forever in Blue Jeans Limited (Registered number: 03524450)

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

1. STATUTORY INFORMATION

Forever in Blue Jeans 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 has been written down over a ten year period.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Forever in Blue Jeans Limited (Registered number: 03524450)

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 5,771
AMORTISATION
At 1 April 2022
and 31 March 2023 5,770
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 7,235 1,708 1,888 10,831
DEPRECIATION
At 1 April 2022 5,498 747 1,214 7,459
Charge for year 434 241 337 1,012
At 31 March 2023 5,932 988 1,551 8,471
NET BOOK VALUE
At 31 March 2023 1,303 720 337 2,360
At 31 March 2022 1,737 961 674 3,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,337 7,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 10,193 5,219
Tax 3,788 492
VAT 8,048 3,692
Directors' loan accounts 1,154 539
Accrued expenses 1,427 1,356
24,610 11,298

Forever in Blue Jeans Limited (Registered number: 03524450)

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

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 448 641

Deferred
tax
£   
Balance at 1 April 2022 641
Credit to Income Statement during year (193 )
Balance at 31 March 2023 448

9. RESERVES
Retained
earnings
£   

At 1 April 2022 7,580
Profit for the year 15,330
Dividends (10,000 )
At 31 March 2023 12,910