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REGISTERED NUMBER: 07585430 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Forsight (Blackwater) Limited

Forsight (Blackwater) Limited (Registered number: 07585430)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forsight (Blackwater) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L J E Blake





REGISTERED OFFICE: Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP





REGISTERED NUMBER: 07585430 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Unit 4D, Lansbury Business Estate
102 Lower Guildford Road
Knaphill
Woking
Surrey
GU21 2EP

Forsight (Blackwater) Limited (Registered number: 07585430)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 45,150 51,600
Property, plant and equipment 5 35,448 33,105
80,598 84,705

CURRENT ASSETS
Inventories 14,800 13,150
Debtors 6 3,229 738
Cash at bank 98,029 98,699
116,058 112,587
CREDITORS
Amounts falling due within one year 7 (78,330 ) (61,433 )
NET CURRENT ASSETS 37,728 51,154
TOTAL ASSETS LESS CURRENT LIABILITIES 118,326 135,859

CREDITORS
Amounts falling due after more than one
year

8

(32,700

)

(50,584

)

PROVISIONS FOR LIABILITIES (8,410 ) (6,290 )
NET ASSETS 77,216 78,985

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,116 78,885
SHAREHOLDERS' FUNDS 77,216 78,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Forsight (Blackwater) Limited (Registered number: 07585430)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





L J E Blake - Director


Forsight (Blackwater) Limited (Registered number: 07585430)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Forsight (Blackwater) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Revenue
Turnover represents net invoiced sales of goods and services excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Forsight (Blackwater) Limited (Registered number: 07585430)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 129,000
AMORTISATION
At 1 April 2023 77,400
Amortisation for year 6,450
At 31 March 2024 83,850
NET BOOK VALUE
At 31 March 2024 45,150
At 31 March 2023 51,600

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 40,551 15,564 5,077 61,192
Additions 13,615 - 675 14,290
At 31 March 2024 54,166 15,564 5,752 75,482
DEPRECIATION
At 1 April 2023 10,138 13,045 4,904 28,087
Charge for year 11,007 629 311 11,947
At 31 March 2024 21,145 13,674 5,215 40,034
NET BOOK VALUE
At 31 March 2024 33,021 1,890 537 35,448
At 31 March 2023 30,413 2,519 173 33,105

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 3,229 738

Forsight (Blackwater) Limited (Registered number: 07585430)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,884 7,206
Trade creditors 22,466 24,459
Taxation and social security 36,575 18,368
Other creditors 1,405 1,400
78,330 61,433

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 21,033 28,917
32,700 50,584