Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseThe principal activity of the company is that of a mail order retailer for gourmet food.1818falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07186609 2022-09-01 2023-08-31 07186609 2021-09-01 2022-08-31 07186609 2023-08-31 07186609 2022-08-31 07186609 c:Director1 2022-09-01 2023-08-31 07186609 d:FurnitureFittings 2022-09-01 2023-08-31 07186609 d:FurnitureFittings 2023-08-31 07186609 d:FurnitureFittings 2022-08-31 07186609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 07186609 d:Goodwill 2023-08-31 07186609 d:Goodwill 2022-08-31 07186609 d:CurrentFinancialInstruments 2023-08-31 07186609 d:CurrentFinancialInstruments 2022-08-31 07186609 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 07186609 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 07186609 d:ShareCapital 2023-08-31 07186609 d:ShareCapital 2022-08-31 07186609 d:RetainedEarningsAccumulatedLosses 2023-08-31 07186609 d:RetainedEarningsAccumulatedLosses 2022-08-31 07186609 c:OrdinaryShareClass1 2022-09-01 2023-08-31 07186609 c:OrdinaryShareClass1 2023-08-31 07186609 c:OrdinaryShareClass1 2022-08-31 07186609 c:FRS102 2022-09-01 2023-08-31 07186609 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07186609 c:FullAccounts 2022-09-01 2023-08-31 07186609 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07186609 e:PoundSterling 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07186609














FORMAN FIELD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

 
FORMAN FIELD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
FORMAN FIELD LIMITED
REGISTERED NUMBER:07186609

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
44,384
-

Current assets
  

Stocks
 6 
122,309
121,710

Debtors: amounts falling due within one year
 7 
114,929
48,291

Cash at bank and in hand
  
44,010
132,103

  
281,248
302,104

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(240,452)
(239,715)

Net current assets
  
 
 
40,796
 
 
62,389

Net assets
  
85,180
62,389


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
85,179
62,388

  
85,180
62,389


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 August 2024.



L P Anisfeld
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
FORMAN FIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Forman Field Limited is a private limited liability company incorporated in England and Wales. Its registered office address is Stour Road, Fish Island, Bow, London, E3 2NT.
The principal activity of the company is that of a mail order retailer for gourmet food.
The functional and presentational currency of the company is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.
Turnover from the sale of products is recognised when goods are dispatched.

 
2.3

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. 
Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life of ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
FORMAN FIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures & fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for out of date and slow-moving stocks. Cost includes all direct costs.
Stocks are regularly assessed for impairment. If stock is impaired, the impairment loss is recognised immediately in the Statement of Comprehensive Income.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


3.


Employees

Staff costs in the financial statements represent amounts recharged from a related party for the services of staff utilised by the company during the year.

The average monthly number of employees, including directors, during the year was 18 (2022 - 18).

Page 3

 
FORMAN FIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2022
3,399,830



At 31 August 2023

3,399,830



Amortisation


At 1 September 2022
3,399,830



At 31 August 2023

3,399,830



Net book value



At 31 August 2023
-



At 31 August 2022
-




5.


Tangible fixed assets





Fixtures & fittings

£



Cost 


Additions
50,000



At 31 August 2023

50,000



Depreciation


Charge for the year on owned assets
5,616



At 31 August 2023

5,616



Net book value



At 31 August 2023
44,384



At 31 August 2022
-

Page 4

 
FORMAN FIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Stocks

2023
2022
£
£

Products for sale
77,468
85,183

Packaging stock
44,841
36,527

122,309
121,710



7.


Debtors

2023
2022
£
£


Trade debtors
34,494
18,799

Other debtors
28,786
18,235

Prepayments and accrued income
40,000
-

Tax recoverable
11,649
11,257

114,929
48,291



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
88,698
45,841

Other creditors
137,778
178,311

Accruals and deferred income
13,976
15,563

240,452
239,715



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) ordinary share of £1
1
1


 
Page 5