FORESTGATE LOGISTICS HOLDING LIMITED
Registered number: SC753434
Balance Sheet
as at 31 December 2023
Notes 2023
£
Current assets
Debtors 3 9
Cash at bank and in hand 5
14
Creditors: amounts falling due within one year 4 (1,082)
Net current liabilities (1,068)
Net liabilities (1,068)
Capital and reserves
Called up share capital 20
Profit and loss account (1,088)
Shareholder's funds (1,068)
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 his 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.
Kenny Obun AGBOR
Director
Approved by the board on 4 September 2024
FORESTGATE LOGISTICS HOLDING LIMITED
Notes to the Accounts
for the period from 19 December 2022 to 31 December 2023
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Debtors 2023
£
Directors loan account 9
4 Creditors: amounts falling due within one year 2023
£
Other creditors 1,082
5 Other information
FORESTGATE LOGISTICS HOLDING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11/6 Calder Drive
Edinburgh
Scotland
EH11 4LP
5 Directors loan account
During the period the director, Kenny Obun AGBOR, had a loan account with the company. The balance of the loan as at the balance sheet date was £9. The loan is interest free and there are no fixed terms of repayment.
FORESTGATE LOGISTICS HOLDING LIMITED SC753434 false 2022-12-19 2023-12-31 2023-12-31 VT Final Accounts April 2024 Kenny Obun AGBOR No description of principal activity SC753434 2022-12-19 2023-12-31 SC753434 bus:PrivateLimitedCompanyLtd 2022-12-19 2023-12-31 SC753434 bus:AuditExemptWithAccountantsReport 2022-12-19 2023-12-31 SC753434 bus:Director40 2022-12-19 2023-12-31 SC753434 1 2022-12-19 2023-12-31 SC753434 2 2022-12-19 2023-12-31 SC753434 countries:England 2022-12-19 2023-12-31 SC753434 bus:FRS102 2022-12-19 2023-12-31 SC753434 bus:FilletedAccounts 2022-12-19 2023-12-31 SC753434 2023-12-31 SC753434 core:WithinOneYear 2023-12-31 SC753434 core:ShareCapital 2023-12-31 SC753434 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC753434 2022-12-18 iso4217:GBP xbrli:pure