FORWARD GB LIMITED

Company Registration Number:
05553303 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

FORWARD GB LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

FORWARD GB LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 146,754 148,737
Total fixed assets: 146,754 148,737
Current assets
Debtors:   28,212 14,905
Cash at bank and in hand: 71,562 83,929
Total current assets: 99,774 98,834
Creditors: amounts falling due within one year: 4 (55,258) (66,683)
Net current assets (liabilities): 44,516 32,151
Total assets less current liabilities: 191,270 180,888
Creditors: amounts falling due after more than one year:     (7,486)
Provision for liabilities: (1,562) (1,566)
Total net assets (liabilities): 189,708 171,836
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 189,705 171,833
Shareholders funds: 189,708 171,836

The notes form part of these financial statements

FORWARD GB LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 December 2023
and signed on behalf of the board by:

Name: Mr B Perkins
Status: Director

The notes form part of these financial statements

FORWARD GB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at rates of 20%-30% per annum.

FORWARD GB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

FORWARD GB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 184,443
At 30 September 2023 184,443
Depreciation
At 01 October 2022 35,706
Charge for year 1,983
At 30 September 2023 37,689
Net book value
At 30 September 2023 146,754
At 30 September 2022 148,737

FORWARD GB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

Creditors include bank loans and overdrafts which are secured of £9872 ( 2022: £10880). The bank loan is secured by a fixed and floating charge over the company's assets.