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REGISTERED NUMBER: 06503747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FORRESTERS SOLICITORS LIMITED

FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)






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


FORRESTERS SOLICITORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mr J L Fish
Mr M Graham





REGISTERED OFFICE: 117 Duke Street
Barrow in Furness
Cumbria
LA14 1XA





REGISTERED NUMBER: 06503747 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
120-124 Towngate
Leyland
Lancashire
PR25 2LQ

FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,493 43,429
Investments 5 2 2
36,495 43,431

CURRENT ASSETS
Stocks 122,243 119,800
Debtors 6 287,693 210,531
Investments 7 1,222 1,206
Cash at bank and in hand 42,420 51,182
453,578 382,719
CREDITORS
Amounts falling due within one year 8 114,914 100,467
NET CURRENT ASSETS 338,664 282,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,159

325,683

CREDITORS
Amounts falling due after more than one
year

9

(30,000

)

(40,278

)

PROVISIONS FOR LIABILITIES (6,934 ) (8,252 )
NET ASSETS 338,225 277,153

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 337,925 276,853
SHAREHOLDERS' FUNDS 338,225 277,153

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 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.

FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)

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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




Mr M Graham - Director



Mr J L Fish - Director


FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Forresters Solicitors 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
The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from fees is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to hours to date to total anticipated hours.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and dividends receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

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.


FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 16 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 137,283
Additions 4,294
At 31 March 2023 141,577
DEPRECIATION
At 1 April 2022 93,854
Charge for year 11,230
At 31 March 2023 105,084
NET BOOK VALUE
At 31 March 2023 36,493
At 31 March 2022 43,429

FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 2
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 152,650 82,109
Amounts owed by group undertakings 109,875 109,187
Prepayments 25,168 19,235
287,693 210,531

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 1,222 1,206

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,867 17,933
Corporation tax 32,529 18,692
Social security and other taxes 34,871 32,963
Other creditors - 8,452
Directors' loan accounts 2,419 849
Accruals and deferred income 20,228 21,578
114,914 100,467

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 30,000 33,333
Bank loans - 2-5 years - 6,945
30,000 40,278

FORRESTERS SOLICITORS LIMITED (REGISTERED NUMBER: 06503747)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 54,867 58,211

The bounce back loan is secured by the UK government.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following interest free advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr M Graham
Balance outstanding at start of year (119 ) (214 )
Amounts advanced 50,087 51,689
Amounts repaid (51,096 ) (51,594 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,128 ) (119 )

Mr J L Fish
Balance outstanding at start of year (730 ) (336 )
Amounts advanced 38,535 38,450
Amounts repaid (39,096 ) (38,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,291 ) (730 )

Transactions With Directors
The directors are also directors of Forresters Property Company Limited. At 31 March 2023, the company was owed £109,875 (2022 £109,187) from Forresters Property Company Limited.