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REGISTERED NUMBER: 04447550 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st May 2023

for

Forevergreen Ltd

Forevergreen Ltd (Registered number: 04447550)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Forevergreen Ltd

Company Information
For The Year Ended 31st May 2023







DIRECTORS: A T Bessant
Mrs M H Bessant - Brown





SECRETARY: Mrs M H Bessant - Brown





REGISTERED OFFICE: King's Buildings
Hill Street
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 04447550 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Forevergreen Ltd (Registered number: 04447550)

Balance Sheet
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,391 37,165

CURRENT ASSETS
Debtors 5 142,129 148,230
Cash at bank 230,641 265,074
372,770 413,304
CREDITORS
Amounts falling due within one year 6 45,662 87,652
NET CURRENT ASSETS 327,108 325,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,499

362,817

CREDITORS
Amounts falling due after more than one
year

7

(81,504

)

(96,627

)

PROVISIONS FOR LIABILITIES (8,814 ) -
NET ASSETS 283,181 266,190

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 283,180 266,189
SHAREHOLDERS' FUNDS 283,181 266,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Forevergreen Ltd (Registered number: 04447550)

Balance Sheet - continued
31st May 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 and authorised for issue by the Board of Directors and authorised for issue on 28th February 2024 and were signed on its behalf by:





Mrs M H Bessant - Brown - Director


Forevergreen Ltd (Registered number: 04447550)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

Forevergreen Ltd 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 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.

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 3 (2022 - 4 ) .

Forevergreen Ltd (Registered number: 04447550)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2022 123,791 56,588 762 181,141
Additions - 34,125 - 34,125
Disposals - (20,850 ) - (20,850 )
At 31st May 2023 123,791 69,863 762 194,416
DEPRECIATION
At 1st June 2022 105,852 37,912 212 143,976
Charge for year 4,484 12,231 253 16,968
Eliminated on disposal - (12,919 ) - (12,919 )
At 31st May 2023 110,336 37,224 465 148,025
NET BOOK VALUE
At 31st May 2023 13,455 32,639 297 46,391
At 31st May 2022 17,939 18,676 550 37,165

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 19,229 30,907
Provision for bad debts (915 ) (4,500 )
Other debtors 122,340 121,763
Prepayments and accrued income 1,475 60
142,129 148,230

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts - 611
Trade creditors 897 4,710
Taxation and social security 33,870 41,175
Other creditors 10,895 41,156
45,662 87,652

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans (see note 8) 81,504 96,627

Forevergreen Ltd (Registered number: 04447550)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.5.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 81,504 96,627

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1st June 2022 266,189
Profit for the year 16,991
At 31st May 2023 283,180

11. ULTIMATE CONTROLLING PARTY

The controlling party is A T Bessant.

Forevergreen Ltd

Report of the Accountants to the Directors of
Forevergreen Ltd

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st May 2023 set out on pages one to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 28th February 2024