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REGISTERED NUMBER: 13817075 (England and Wales)


















Forward Thinking (Nottingham) Limited

Unaudited Financial Statements

for the Year Ended 31st December 2023






Forward Thinking (Nottingham) Limited (Registered number: 13817075)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forward Thinking (Nottingham) Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: S J Green





REGISTERED OFFICE: 12 Bridgford Road
West Bridgford
Nopttingham
NG2 6AB





REGISTERED NUMBER: 13817075 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

Forward Thinking (Nottingham) Limited (Registered number: 13817075)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 30,380 35,806

CURRENT ASSETS
Debtors 6 4,026 5,521
Cash at bank 969 12,680
4,995 18,201
CREDITORS
Amounts falling due within one year 7 (21,081 ) (16,479 )
NET CURRENT (LIABILITIES)/ASSETS (16,086 ) 1,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,294

37,528

CREDITORS
Amounts falling due after more than one
year

8

(1,689

)

(11,822

)

PROVISIONS FOR LIABILITIES (5,773 ) (6,803 )
NET ASSETS 6,832 18,903

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 6,732 18,803
SHAREHOLDERS' FUNDS 6,832 18,903

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

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

The director acknowledges his 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.

Forward Thinking (Nottingham) Limited (Registered number: 13817075)

Balance Sheet - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th September 2024 and were signed by:





S J Green - Director


Forward Thinking (Nottingham) Limited (Registered number: 13817075)

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

1. STATUTORY INFORMATION

Forward Thinking (Nottingham) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

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

Forward Thinking (Nottingham) Limited (Registered number: 13817075)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 1,527 40,684 42,211
DEPRECIATION
At 1st January 2023 302 6,103 6,405
Charge for year 239 5,187 5,426
At 31st December 2023 541 11,290 11,831
NET BOOK VALUE
At 31st December 2023 986 29,394 30,380
At 31st December 2022 1,225 34,581 35,806

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,026 5,521

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,133 10,133
Taxation and social security 2,773 5,345
Other creditors 8,175 1,001
21,081 16,479

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,689 11,822

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 100 100 100