FOREVER BARGAINS LTD

Company Registration Number:
14265711 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 31 July 2022

End date: 31 July 2023

FOREVER BARGAINS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

FOREVER BARGAINS LTD

Company Information

for the Period Ended 31 July 2023




Director: Daniel Mitchell
Registered office: 7
Lesley Road
Southport
England
PR8 6AZ
Company Registration Number: 14265711 (England and Wales)

FOREVER BARGAINS LTD

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£
Turnover 21,783
Cost of sales ( 25,186 )
Gross Profit or (Loss) ( 3,403 )
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 0 )
Administrative Expenses ( 413 )
Other operating income 0
Operating Profit or (Loss) ( 3,816 )
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax ( 3,816 )
Tax on Profit ( 0 )
Profit or (Loss) for Period ( 3,816 )

The notes form part of these financial statements

FOREVER BARGAINS LTD

Balance sheet

As at 31 July 2023


Notes

2023
£
Fixed assets
Tangible assets: 4 700
Total fixed assets: 700
Current assets
Stocks: 442
Cash at bank and in hand: 100
Total current assets: 542
Net current assets (liabilities): 542
Total assets less current liabilities: 1,242
Total net assets (liabilities): 1,242

The notes form part of these financial statements

FOREVER BARGAINS LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£
Capital and reserves
Called up share capital: 1
Revaluation reserve: 5 4,645
Profit and loss account: ( 3,404 )
Shareholders funds: 1,242

For the year ending 31 July 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.

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

This report was approved by the board of directors on 10 April 2024
And Signed On Behalf Of The Board By:

Name: Daniel Mitchell
Status: Director

The notes form part of these financial statements

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    20% PER YEAR, LINEAR DEPRECIATON

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023
    Average number of employees during the period 0

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Office equipment Total
Cost £ £
Additions 700 700
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 700 700
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2023 - -
Net book value
At 31 July 2023 700 700

LAPTOP DEPRECIATON @ 20% PER YEAR, LINEAR

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Revaluation reserve


2023
£
Surplus or deficit after revaluation 4,645
Balance at 31 July 2023 4,645