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
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
Forresters Builders Merchants Ltd.
Statement of financial position
as at 31 October 2023
Intangible assets
19,151
19,151
Tangible assets
8,838
11,048
Inventories
166,875
163,960
Cash at bank and in hand
758
2,161
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)
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
Forresters Builders Merchants Ltd.
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill) are included at cost.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2022
10,000
9,151
19,151
At 31 October 2023
10,000
9,151
19,151
At 31 October 2023
10,000
9,151
19,151
At 31 October 2022
10,000
9,151
19,151
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
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
At 31 October 2023
7,067
1,771
8,838
At 31 October 2022
8,834
2,214
11,048
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,327
21,776
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
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
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).