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REGISTERED NUMBER: SC587300 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FOREVER MEMORIALS LIMITED

FOREVER MEMORIALS LIMITED (REGISTERED NUMBER: SC587300)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


FOREVER MEMORIALS LIMITED (REGISTERED NUMBER: SC587300)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,592 5,386

CURRENT ASSETS
Stocks 5 77,800 50,000
Cash at bank 22,903 23,222
100,703 73,222
CREDITORS
Amounts falling due within one year 6 87,999 63,014
NET CURRENT ASSETS 12,704 10,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,296

15,594

CREDITORS
Amounts falling due after more than one
year

7

(4,000

)

(7,021

)

PROVISIONS FOR LIABILITIES (379 ) (720 )
NET ASSETS 11,917 7,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,817 7,753
11,917 7,853

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

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

FOREVER MEMORIALS LIMITED (REGISTERED NUMBER: SC587300)

BALANCE SHEET - continued
31 January 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 29 October 2024 and were signed by:





Andrew Joyce - Director


FOREVER MEMORIALS LIMITED (REGISTERED NUMBER: SC587300)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Forever Memorials Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC587300

Registered office: Block 2 Unit 1a Balmore Road
Glasgow
G22 6NT

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.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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 - 33% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

FOREVER MEMORIALS LIMITED (REGISTERED NUMBER: SC587300)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 8,096 5,723 13,819
DEPRECIATION
At 1 February 2023 4,433 4,000 8,433
Charge for year 1,221 573 1,794
At 31 January 2024 5,654 4,573 10,227
NET BOOK VALUE
At 31 January 2024 2,442 1,150 3,592
At 31 January 2023 3,663 1,723 5,386

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 77,800 50,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 3,000 3,000
Other loans 8,842 -
Trade creditors 492 -
Tax 19 -
Social security and other taxes 283 240
VAT 1,493 4,504
Directors' current accounts 71,878 52,494
Accrued expenses 1,992 2,776
87,999 63,014

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 4,000 7,021

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Andrew Joyce.