FORWARD AND THINKING LIMITED

Company Registration Number:
06950905 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

FORWARD AND THINKING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

FORWARD AND THINKING LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 11,748 13,123
Total fixed assets: 11,748 13,123
Current assets
Debtors:   1,453,277 1,377,010
Cash at bank and in hand: 61,417 2,083
Total current assets: 1,514,694 1,379,093
Creditors: amounts falling due within one year: 4 (672,605) (493,868)
Net current assets (liabilities): 842,089 885,225
Total assets less current liabilities: 853,837 898,348
Creditors: amounts falling due after more than one year: 5 (90,138) (162,560)
Total net assets (liabilities): 763,699 735,788
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 763,599 735,688
Shareholders funds: 763,699 735,788

The notes form part of these financial statements

FORWARD AND THINKING LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 April 2024
and signed on behalf of the board by:

Name: A W Johnson
Status: Director

The notes form part of these financial statements

FORWARD AND THINKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Fixtures and fittings 20% on written down value. Plant and machinery 15% on written down value.

FORWARD AND THINKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 17 14

FORWARD AND THINKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 24,172
Additions 1,561
At 31 December 2023 25,733
Depreciation
At 01 January 2023 11,049
Charge for year 2,936
At 31 December 2023 13,985
Net book value
At 31 December 2023 11,748
At 31 December 2022 13,123

FORWARD AND THINKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 Bank loans and overdrafts £ 85248, Trade creditors £ 178596, Taxation and social security £ 298909, Other creditors £ 109852. 2022 Bank loans and overdrafts £ 85248, Trade creditors £ 293161, Taxation and social security £ 70515, Other creditors £ 44944.

FORWARD AND THINKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

2023 Bank loans £ 90138. 2022 Bank loans £ 162560.

FORWARD AND THINKING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party: A W Johnson
Relationship:
Director
Description of the Transaction: Overdrawn directors loan account.
£
Balance at 01 January 2023 0
Balance at 31 December 2023 10,000