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Company Registration No. 12934896 (England and Wales)
Forresters Builders Merchants Ltd. Unaudited accounts for the year ended 31 October 2023
Forresters Builders Merchants Ltd. Unaudited accounts Contents
Page
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Forresters Builders Merchants Ltd. Company Information for the year ended 31 October 2023
Director
Parshotam Lal Chort
Company Number
12934896 (England and Wales)
Registered Office
12 AULT STREET WEST BROMWICH WEST MIDLANDS B70 7HA UNITED KINGDOM
Accountants
More Professional Services 234 Oak Road West Bromwich West Midlands B70 8HL
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Forresters Builders Merchants Ltd. Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
19,151 
19,151 
Tangible assets
8,838 
11,048 
27,989 
30,199 
Current assets
Inventories
166,875 
163,960 
Debtors
8,750 
8,750 
Cash at bank and in hand
758 
2,161 
176,383 
174,871 
Creditors: amounts falling due within one year
(91,298)
(47,027)
Net current assets
85,085 
127,844 
Total assets less current liabilities
113,074 
158,043 
Creditors: amounts falling due after more than one year
(306,107)
(276,967)
Net liabilities
(193,033)
(118,924)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(193,034)
(118,925)
Shareholders' funds
(193,033)
(118,924)
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Parshotam Lal Chort Director Company Registration No. 12934896
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Forresters Builders Merchants Ltd. Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Forresters Builders Merchants Ltd. is a private company, limited by shares, registered in England and Wales, registration number 12934896. The registered office is 12 AULT STREET, WEST BROMWICH, WEST MIDLANDS, B70 7HA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20%
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2022
10,000 
9,151 
19,151 
At 31 October 2023
10,000 
9,151 
19,151 
Amortisation
At 1 November 2022
- 
- 
- 
At 31 October 2023
- 
- 
- 
Net book value
At 31 October 2023
10,000 
9,151 
19,151 
At 31 October 2022
10,000 
9,151 
19,151 
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Forresters Builders Merchants Ltd. Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
12,500 
3,132 
15,632 
At 31 October 2023
12,500 
3,132 
15,632 
Depreciation
At 1 November 2022
3,666 
918 
4,584 
Charge for the year
1,767 
443 
2,210 
At 31 October 2023
5,433 
1,361 
6,794 
Net book value
At 31 October 2023
7,067 
1,771 
8,838 
At 31 October 2022
8,834 
2,214 
11,048 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
8,750 
8,750 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,327 
21,776 
VAT
855 
1,552 
Obligations under finance leases and hire purchase contracts
1,038 
4,094 
Trade creditors
64,786 
14,754 
Taxes and social security
729 
2,463 
Other creditors
3,000 
1,500 
Accruals
1,563 
888 
91,298 
47,027 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
69,000 
69,000 
Loans from directors
237,107 
207,967 
306,107 
276,967 
9
Transactions with related parties
Other loan of £ 69000 was related to party transaction on the grounds that it has not been concluded under normal market conditions. The parties are directly or indirectly related to the director of the company.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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