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REGISTERED NUMBER: SC022973 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

R & A FORRESTER LIMITED

R & A FORRESTER LIMITED (REGISTERED NUMBER: SC022973)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & A FORRESTER LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: D R Forrester
A D Forrester
Mrs C L Sandberg





SECRETARY: D R Forrester





REGISTERED OFFICE: Ardnacross
Aros
ISLE OF MULL
Argyll
PA72 6JS





REGISTERED NUMBER: SC022973 (Scotland)





ACCOUNTANTS: R A Clement Associates
Chartered Accountants
Argyll Square
Oban
Argyll
PA34 4AZ

R & A FORRESTER LIMITED (REGISTERED NUMBER: SC022973)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 299,079 305,613
Investments 5 100 100
299,179 305,713

CURRENT ASSETS
Stocks 59,310 63,310
Debtors 6 285,338 293,319
344,648 356,629
CREDITORS
Amounts falling due within one year 7 103,239 79,347
NET CURRENT ASSETS 241,409 277,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,588

582,995

CREDITORS
Amounts falling due after more than one
year

8

209,391

192,834
NET ASSETS 331,197 390,161

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Revaluation reserve 9 24,192 24,192
Retained earnings 305,505 364,469
SHAREHOLDERS' FUNDS 331,197 390,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

R & A FORRESTER LIMITED (REGISTERED NUMBER: SC022973)

BALANCE SHEET - continued
30 June 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 11 January 2024 and were signed on its behalf by:





A D Forrester - Director


R & A FORRESTER LIMITED (REGISTERED NUMBER: SC022973)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

R & A Forrester Limited is a private company, limited by shares , registered in Scotland. 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.
Freehold property - Nil
Improvements to property - Nil
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2022 - NIL).

R & A FORRESTER LIMITED (REGISTERED NUMBER: SC022973)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022
and 30 June 2023 162,650 112,135 42,182
DEPRECIATION
At 1 July 2022 - - 19,468
Charge for year - - 4,543
At 30 June 2023 - - 24,011
NET BOOK VALUE
At 30 June 2023 162,650 112,135 18,171
At 30 June 2022 162,650 112,135 22,714

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 9,440 18,337 344,744
DEPRECIATION
At 1 July 2022 9,062 10,601 39,131
Charge for year 57 1,934 6,534
At 30 June 2023 9,119 12,535 45,665
NET BOOK VALUE
At 30 June 2023 321 5,802 299,079
At 30 June 2022 378 7,736 305,613

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100

R & A FORRESTER LIMITED (REGISTERED NUMBER: SC022973)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 34,685
Other debtors 285,338 258,634
285,338 293,319

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,704 51,415
Hire purchase contracts - 491
Trade creditors 15,543 1,505
Taxation and social security 16,478 15,465
Other creditors 45,514 10,471
103,239 79,347

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 209,391 192,834

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 24,192