Registered number
05867558
Forget Me Not Care Limited
Accounts
For the Year Ended
30 June 2024
Oakensen
Chartered Accountants and Registered Auditors
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Forget Me Not Care Limited
Registered number: 05867558
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 27,344 36,221
Current assets
Debtors 5 58,531 8,150
Cash at bank and in hand 36,783 101,883
95,314 110,033
Creditors: amounts falling due within one year 6 (27,034) (31,807)
Net current assets 68,280 78,226
Total assets less current liabilities 95,624 114,447
Creditors: amounts falling due after more than one year 7 (57,177) -
Net assets 38,447 114,447
Capital and reserves
Called up share capital 1 1
Profit and loss account 38,445 114,445
Capital redemption reserve 1 1
Shareholder's funds 38,447 114,447
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K R Williams
Director
Approved by the board on 21 August 2024
Forget Me Not Care Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when service complete.
Exceptional Items
For the financial period ended 30 June 2024 the Company has used the term "exceptional items" for expenditure which is unusual in nature or outside the normal course of business and has significant value.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 3 years
Motor Vehicles 5 years
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Exceptional items 2024 2023
£ £
Amounts repayable in relation to prior periods 75,177 0
75,177 -
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 21
4 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2023 27,129 59,650 86,779
Additions 353 - 353
At 30 June 2024 27,482 59,650 87,132
Depreciation
At 1 July 2023 27,005 23,553 50,558
Charge for the year 231 8,999 9,230
At 30 June 2024 27,236 32,552 59,788
Net book value
At 30 June 2024 246 27,098 27,344
At 30 June 2023 124 36,097 36,221
5 Debtors 2024 2023
£ £
Trade debtors 11,396 5,730
Other debtors 47,135 2,420
58,531 8,150
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 19,358 6,436
Taxes and social security costs 5,242 22,776
Other creditors 2,434 2,595
27,034 31,807
7 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors 57,177 -
8 Related party transactions
Included in Other Debtors is an amount of £39,125 owed by the Director (2023 £400 owed to the Director).
9 Other information
Forget Me Not Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Westfield House
Bratton Road
Westbury
Wiltshire
BA133EP
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