FOREVER BARGAINS LTD

Company Registration Number:
14265711 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

FOREVER BARGAINS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

FOREVER BARGAINS LTD

Company Information

for the Period Ended 31 July 2024




Director: Daniel Mitchell
Registered office: 7
Lesley Road
Southport
England
PR8 6AZ
Company Registration Number: 14265711 (England and Wales)

FOREVER BARGAINS LTD

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Turnover 89,655 21,872
Cost of sales ( 43,181 ) ( 25,186 )
Gross Profit or (Loss) 46,474 ( 3,314 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 39,671 ) ( 0 )
Administrative Expenses ( 5,442 ) ( 0 )
Other operating income 0 0
Operating Profit or (Loss) 1,361 ( 3,314 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 1,361 ( 3,314 )
Tax on Profit ( 259 ) ( 0 )
Profit or (Loss) for Period 1,102 ( 3,314 )

The notes form part of these financial statements

FOREVER BARGAINS LTD

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 700 700
Total fixed assets: 700 700
Current assets
Stocks: 459 442
Debtors: 6 0 0
Cash at bank and in hand: 1,454 100
Total current assets: 1,913 542
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 0 ) ( 0 )
Net current assets (liabilities): 1,913 542
Total assets less current liabilities: 2,613 1,242
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 2,613 1,242

The notes form part of these financial statements

FOREVER BARGAINS LTD

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 4,645 4,645
Profit and loss account: ( 2,033 ) ( 3,404 )
Shareholders funds: 2,613 1,242

For the year ending 31 July 2024 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.

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

This report was approved by the board of directors on 24 September 2024
And Signed On Behalf Of The Board By:

Name: Daniel Mitchell
Status: Director

The notes form part of these financial statements

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

    director only

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Intangible assets

Other Total
Cost £ £
At 01 August 2023 0 0
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 July 2024 0 0
Amortisation
Amortisation at 01 August 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 July 2024 0 0
Net book value
Net book value at 31 July 2024 0 0
Net book value at 31 July 2023 0 0

no intangible assets

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Tangible assets

Office equipment Total
Cost £ £
At 01 August 2023 700 700
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 July 2024 700 700
Depreciation
At 01 August 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 July 2024 0 0
Net book value
At 31 July 2024 700 700
At 31 July 2023 700 700

Office laptop

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

No Debtors

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 0

No Creditors

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

No Creditors

FOREVER BARGAINS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

9. Revaluation reserve


2024
£
Balance at 01 August 2023 4,645
Surplus or deficit after revaluation 0
Balance at 31 July 2024 4,645