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REGISTERED NUMBER: 04677128 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FORENSIT LIMITED

FORENSIT LIMITED (REGISTERED NUMBER: 04677128)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORENSIT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: D J Rowe





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 04677128 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

FORENSIT LIMITED (REGISTERED NUMBER: 04677128)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,920 56,097

CURRENT ASSETS
Debtors: amounts falling due within one year 5 151,940 156,409
Debtors: amounts falling due after more than
one year

5

32,710

300,000
Cash at bank 375,295 525,046
559,945 981,455
CREDITORS
Amounts falling due within one year 6 20,203 159,596
NET CURRENT ASSETS 539,742 821,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,662

877,956

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 592,562 877,856
SHAREHOLDERS' FUNDS 592,662 877,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 23 November 2023 and were signed by:





D J Rowe - Director


FORENSIT LIMITED (REGISTERED NUMBER: 04677128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

ForensiT 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 (£).


The company's principal place of business is Innovation Centre Medway, Maidstone Road, Chatham, Kent, ME5 9FD.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 50 years
Computer equipment - 33% on cost
Furniture, fittings and 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FORENSIT LIMITED (REGISTERED NUMBER: 04677128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
fittings
Long Computer and
leasehold equipment equipment Totals
£    £    £    £   
COST
At 1 March 2022 123,536 18,427 1,535 143,498
Disposals - (18,427 ) (1,535 ) (19,962 )
At 28 February 2023 123,536 - - 123,536
DEPRECIATION
At 1 March 2022 68,172 17,902 1,327 87,401
Charge for year 2,444 - - 2,444
Eliminated on disposal - (17,902 ) (1,327 ) (19,229 )
At 28 February 2023 70,616 - - 70,616
NET BOOK VALUE
At 28 February 2023 52,920 - - 52,920
At 28 February 2022 55,364 525 208 56,097

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 1,594
Other debtors 150,000 153,419
Prepayments 1,940 1,396
151,940 156,409

Amounts falling due after more than one year:
Other debtors 32,710 300,000

Aggregate amounts 184,650 456,409

FORENSIT LIMITED (REGISTERED NUMBER: 04677128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 869 57
Tax - 154,039
Social security and other taxes 15,058 2,099
Other creditors 1,276 401
Accrued expenses 3,000 3,000
20,203 159,596

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Forensit Group Limited whose registered office is Charlton House, Dour Street, Dover, Kent, CT16 1BL.