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REGISTERED NUMBER: 00561307 (England and Wales)








Unaudited Financial Statements

for the Year Ended 29 February 2024

for

R H Foster Limited

R H Foster Limited (Registered number: 00561307)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R H Foster Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: T Harrington





REGISTERED OFFICE: 16 Essex Road
Basingtoke
Hampshire
RG21 7TD





REGISTERED NUMBER: 00561307 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

R H Foster Limited (Registered number: 00561307)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,115 20,001

CURRENT ASSETS
Stocks 20,705 35,081
Debtors 5 110,254 180,054
Cash at bank and in hand 226,586 170,040
357,545 385,175
CREDITORS
Amounts falling due within one year 6 98,624 128,930
NET CURRENT ASSETS 258,921 256,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,036

276,246

PROVISIONS FOR LIABILITIES 7 2,682 3,800
NET ASSETS 270,354 272,446

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 260,354 262,446
SHAREHOLDERS' FUNDS 270,354 272,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 H Foster Limited (Registered number: 00561307)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





T Harrington - Director


R H Foster Limited (Registered number: 00561307)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

R H Foster 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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


R H Foster Limited (Registered number: 00561307)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023 1,801 53,975 55,776
Disposals - (9,750 ) (9,750 )
At 29 February 2024 1,801 44,225 46,026
DEPRECIATION
At 1 March 2023 899 34,876 35,775
Charge for year 135 4,451 4,586
Eliminated on disposal - (8,450 ) (8,450 )
At 29 February 2024 1,034 30,877 31,911
NET BOOK VALUE
At 29 February 2024 767 13,348 14,115
At 28 February 2023 902 19,099 20,001

R H Foster Limited (Registered number: 00561307)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS - continued

The company has allowed a fixed charge over the company's assets, including the leasehold property and all other assets owned outright as security for the bank.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 100,438 168,681
Other debtors 9,816 11,373
110,254 180,054

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 20,353 32,946
Taxation and social security 50,803 73,244
Other creditors 27,468 22,740
98,624 128,930

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 2,682 3,800

Deferred
tax
£   
Balance at 1 March 2023 3,800
Accelerated capital allowances (1,118 )
Balance at 29 February 2024 2,682

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
10,000 Ordinary £1 10,000 10,000