Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC330358 2023-01-01 2023-12-31 SC330358 2022-01-01 2022-12-31 SC330358 2023-12-31 SC330358 2022-12-31 SC330358 c:CompanySecretary1 2023-01-01 2023-12-31 SC330358 c:Director1 2023-01-01 2023-12-31 SC330358 c:RegisteredOffice 2023-01-01 2023-12-31 SC330358 d:CurrentFinancialInstruments 2023-12-31 SC330358 d:CurrentFinancialInstruments 2022-12-31 SC330358 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC330358 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC330358 d:ShareCapital 2023-12-31 SC330358 d:ShareCapital 2022-12-31 SC330358 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC330358 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC330358 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC330358 c:OrdinaryShareClass1 2023-12-31 SC330358 c:OrdinaryShareClass2 2023-01-01 2023-12-31 SC330358 c:OrdinaryShareClass2 2023-12-31 SC330358 c:FRS102 2023-01-01 2023-12-31 SC330358 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC330358 c:FullAccounts 2023-01-01 2023-12-31 SC330358 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC330358 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC330358










FORSTER ENERGY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
FORSTER ENERGY LIMITED
 

COMPANY INFORMATION


Director
Mr J A G Forster 




Company secretary
Mrs K A Adams



Registered number
SC330358



Registered office
22 Commerce Street
Brechin

Angus

DD9 7BD




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
FORSTER ENERGY LIMITED
REGISTERED NUMBER: SC330358

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

  

Current assets
  

Stocks
  
11,580
12,193

Debtors: amounts falling due within one year
 4 
52,084
42,923

Cash at bank and in hand
  
738
33,286

  
64,402
88,402

Creditors: amounts falling due within one year
 5 
(368,091)
(472,042)

Net current liabilities
  
 
 
(303,689)
 
 
(383,640)

Total assets less current liabilities
  
(303,689)
(383,640)

  

Net liabilities
  
(303,689)
(383,640)


Capital and reserves
  

Called up share capital 
 6 
200,100
200,100

Profit and loss account
  
(503,789)
(583,740)

  
(303,689)
(383,640)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 August 2024.




Mr J A G Forster
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FORSTER ENERGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Forster Energy Limited is a private company, limited by shares, domiciled in Scotland with registration number SC330358.  The registered office and trading address is 22 Commerce Street, Brechin, Angus, DD9 7BD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

Although the shareholders' deficit is currently £303,689, the director is confident that sufficient revenue will be generated in future years to ensure the company will achieve a net asset position and consequently these accounts have been prepared using the going concern basis. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
FORSTER ENERGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
FORSTER ENERGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Debtors

2023
2022
£
£


Trade debtors
49,809
42,923

Amounts owed by group undertakings
1,175
-

Prepayments and accrued income
1,100
-

52,084
42,923



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,833
1,200

Amounts owed to group undertakings
134,970
361,040

Other taxation and social security
1,476
16,826

Accruals and deferred income
212,812
92,976

368,091
472,042



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100
200,000 Preference shares of £1.00 each
200,000
200,000

200,100

200,100



Page 4