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REGISTERED NUMBER: 04831666 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FORGET ME KNOT LIMITED

FORGET ME KNOT LIMITED (REGISTERED NUMBER: 04831666)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORGET ME KNOT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs J Beason





REGISTERED OFFICE: 40 Lindridge Lane
Desford
Leicester
Leicestershire
LE9 9GN





REGISTERED NUMBER: 04831666 (England and Wales)

FORGET ME KNOT LIMITED (REGISTERED NUMBER: 04831666)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,703 3,179
2,703 3,179

CURRENT ASSETS
Stocks 6 56,702 67,740
Debtors 7 3,842 2,274
Cash at bank and in hand 33,730 51,501
94,274 121,515
CREDITORS
Amounts falling due within one year 8 51,152 52,620
NET CURRENT ASSETS 43,122 68,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,825

72,074

CREDITORS
Amounts falling due after more than one
year

9

23,567

27,943
NET ASSETS 22,258 44,131

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,158 44,031
SHAREHOLDERS' FUNDS 22,258 44,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FORGET ME KNOT LIMITED (REGISTERED NUMBER: 04831666)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2024 and were signed by:





Mrs J Beason - Director


FORGET ME KNOT LIMITED (REGISTERED NUMBER: 04831666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Forget Me Knot 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on receipt of the goods.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was previously amortised evenly over twenty years but as of 1 February 2015, is being amortised over its remaining life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

FORGET ME KNOT LIMITED (REGISTERED NUMBER: 04831666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 12,000
AMORTISATION
At 1 February 2023
and 31 January 2024 12,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 18,406
DEPRECIATION
At 1 February 2023 15,227
Charge for year 476
At 31 January 2024 15,703
NET BOOK VALUE
At 31 January 2024 2,703
At 31 January 2023 3,179

6. STOCKS
2024 2023
£    £   
Stocks 56,702 67,740

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,167 -
Prepayments 2,675 2,274
3,842 2,274

FORGET ME KNOT LIMITED (REGISTERED NUMBER: 04831666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 121 5,162
Taxation - 2,445
Paye/Ni payable 974 251
Vat liability 10,461 6,394
Other creditors 1,703 1,345
Directors' loan accounts 29,338 29,163
Accrued expenses 3,555 2,860
51,152 52,620

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 18,567 22,943
23,567 27,943