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REGISTERED NUMBER: 08837611 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

NEIL FORBES LIMITED

NEIL FORBES LIMITED (REGISTERED NUMBER: 08837611)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

NEIL FORBES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: N R Forbes
Mrs A Forbes





REGISTERED OFFICE: Mileydale
Loughrigg
Ambleside
Cumbria
LA22 9HF





REGISTERED NUMBER: 08837611 (England and Wales)





ACCOUNTANTS: Williamson Croft (Liverpool) Limited
Chartered Certified Accountants
Edward House
North Mersey Business Centre
Knowsley Industrial Park
Liverpool
Merseyside
L33 7UY

NEIL FORBES LIMITED (REGISTERED NUMBER: 08837611)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,974 23,004

CURRENT ASSETS
Debtors 5 90,035 14,411
Cash at bank 92,799 126,160
182,834 140,571
CREDITORS
Amounts falling due within one year 6 118,334 84,963
NET CURRENT ASSETS 64,500 55,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,474

78,612

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 86,464 78,602
86,474 78,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




N R Forbes - Director


NEIL FORBES LIMITED (REGISTERED NUMBER: 08837611)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Neil Forbes 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 ) .

NEIL FORBES LIMITED (REGISTERED NUMBER: 08837611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc.
£   
COST
At 1 May 2022 33,209
Additions 5,565
Disposals (2,015 )
At 30 April 2023 36,759
DEPRECIATION
At 1 May 2022 10,205
Charge for year 6,156
Eliminated on disposal (1,576 )
At 30 April 2023 14,785
NET BOOK VALUE
At 30 April 2023 21,974
At 30 April 2022 23,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,787 8,209
Amounts recoverable on contract 38,638 4,325
Other debtors 2,610 1,877
90,035 14,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,753 -
Taxation and social security 18,148 26,485
Other creditors 85,433 58,478
118,334 84,963

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
NEIL FORBES LIMITED


The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Neil Forbes Limited for the year ended 30 April 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Neil Forbes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Neil Forbes Limited and state those matters that we have agreed to state to the Board of Directors of Neil Forbes Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Neil Forbes 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 profit of Neil Forbes Limited. You consider that Neil Forbes 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 Neil Forbes 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.






Williamson Croft (Liverpool) Limited
Chartered Certified Accountants
Edward House
North Mersey Business Centre
Knowsley Industrial Park
Liverpool
Merseyside
L33 7UY


14 November 2023