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REGISTERED NUMBER: 09176456 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Forwessun Total Solutions Limited

Forwessun Total Solutions Limited (Registered number: 09176456)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forwessun Total Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr A Thomas
Mr A L Thomas





REGISTERED OFFICE: The Printworks Woodend Industrial Estate
Woodend Avenue
Speke
Merseyside
L24 9NB





REGISTERED NUMBER: 09176456 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Forwessun Total Solutions Limited (Registered number: 09176456)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,500 267,918
4,500 267,918

CURRENT ASSETS
Stocks 61,563 52,211
Debtors 6 289,338 190,364
Cash at bank and in hand 63,091 42,015
413,992 284,590
CREDITORS
Amounts falling due within one year 7 316,668 404,953
NET CURRENT ASSETS/(LIABILITIES) 97,324 (120,363 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,824

147,555

PROVISIONS FOR LIABILITIES 855 -
NET ASSETS 100,969 147,555

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 100,869 147,455
100,969 147,555

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.

Forwessun Total Solutions Limited (Registered number: 09176456)

Balance Sheet - continued
31 December 2023


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 3 September 2024 and were signed on its behalf by:





Mr A Thomas - Director


Forwessun Total Solutions Limited (Registered number: 09176456)

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

1. STATUTORY INFORMATION

Forwessun Total Solutions 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Forwessun Total Solutions Limited (Registered number: 09176456)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,500
AMORTISATION
At 1 January 2023
and 31 December 2023 2,500
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2023 261,918 15,000 276,918
Disposals (261,918 ) - (261,918 )
At 31 December 2023 - 15,000 15,000
DEPRECIATION
At 1 January 2023 - 9,000 9,000
Charge for year - 1,500 1,500
At 31 December 2023 - 10,500 10,500
NET BOOK VALUE
At 31 December 2023 - 4,500 4,500
At 31 December 2022 261,918 6,000 267,918

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 50,160 190,364
Amounts owed by participating interests 156,081 -
Tax 1,578 -
VAT 75,519 -
Prepayments and accrued income 6,000 -
289,338 190,364

Forwessun Total Solutions Limited (Registered number: 09176456)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 36,760 43,139
Trade creditors 84,615 7,680
Amounts owed to participating interests 158,953 301,366
Tax - 1,578
Social security and other taxes 6,365 8,322
VAT - 12,785
Other creditors 1,581 1,689
Directors' current accounts 25,694 25,694
Accrued expenses 2,700 2,700
316,668 404,953