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REGISTERED NUMBER: 08516341 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Fork In The Road Limited

Fork In The Road Limited (Registered number: 08516341)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fork In The Road Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Buckle
Mrs S J Buckle
T Buckle





REGISTERED OFFICE: 9 St George's Yard
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 08516341 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Fork In The Road Limited (Registered number: 08516341)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,775 23,665

CURRENT ASSETS
Stocks 133,876 127,126
Debtors 5 1,747 1,083
Cash at bank 1,773 2,124
137,396 130,333
CREDITORS
Amounts falling due within one year 6 258,515 217,942
NET CURRENT LIABILITIES (121,119 ) (87,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(105,344

)

(63,944

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (105,346 ) (63,946 )
SHAREHOLDERS' FUNDS (105,344 ) (63,944 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





P Buckle - Director


Fork In The Road Limited (Registered number: 08516341)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fork In The Road 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.

At the balance sheet date the company had net current liabilities of £105,344. The ability of the company to continue to trade is dependant upon the continued support of the ultimate parent company.

The directors are of the opinion that the company will continue to receive this support and on this basis consider it appropriate to prepare the accounts on the going concern basis.

The financial statements do not include any adjustments that would result from the withdrawal of support by the ultimate parent company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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 of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stocks are also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Fork In The Road Limited (Registered number: 08516341)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 34,859
Additions 18,232
Disposals (34,380 )
At 31 December 2023 18,711
DEPRECIATION
At 1 January 2023 11,194
Charge for year 2,916
Eliminated on disposal (11,174 )
At 31 December 2023 2,936
NET BOOK VALUE
At 31 December 2023 15,775
At 31 December 2022 23,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,747 1,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 371 514
Amounts owed to group undertakings 255,950 215,559
Taxation and social security 506 669
Other creditors 1,688 1,200
258,515 217,942

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed an amount of £143,153 (2022 - £142,822) to Buckle & Partners Limited, a company in which the directors have a controlling interest.

At the balance sheet date the company owed an amount of £112,797 (2022 - £72,737) to Lifestyle Planning Limited, a company in which the directors have a controlling interest.