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REGISTERED NUMBER: 10492400 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Forward HR Limited

Forward HR Limited (Registered number: 10492400)

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


Forward HR Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms Y Banks
Ms J Luxton





REGISTERED OFFICE: 40A Davies Road
West Bridgeford
Nottingham
Nottinghamshire
NG2 5JD





REGISTERED NUMBER: 10492400 (England and Wales)





ACCOUNTANTS: Professional Trust Group Limited
Chartered Accountants
7 Kendon Business Park
Maritime Close
Rochester
Kent
ME2 4JF

Forward HR Limited (Registered number: 10492400)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,499 1,359

CURRENT ASSETS
Debtors 5 83,596 8,708
Cash at bank 51,685 111,048
135,281 119,756
CREDITORS
Amounts falling due within one year 6 17,114 19,481
NET CURRENT ASSETS 118,167 100,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,666

101,634

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 119,564 101,532
119,666 101,634

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 directors acknowledge their 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 HR Limited (Registered number: 10492400)

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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Ms Y Banks - Director



Ms J Luxton - Director


Forward HR Limited (Registered number: 10492400)

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


1. STATUTORY INFORMATION

Forward HR 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.

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 - 33% on cost and 25% on cost

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.

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 2 (2023 - 2 ) .

Forward HR Limited (Registered number: 10492400)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 5,548
Additions 1,898
At 31 March 2024 7,446
DEPRECIATION
At 1 April 2023 4,189
Charge for year 1,758
At 31 March 2024 5,947
NET BOOK VALUE
At 31 March 2024 1,499
At 31 March 2023 1,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,867 8,355
Other debtors 80,729 353
83,596 8,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 15,112 16,207
Other creditors 2,002 3,274
17,114 19,481

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Ms Y Banks
Balance outstanding at start of year (1,342 ) -
Amounts advanced 82,852 -
Amounts repaid (1,189 ) (1,342 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,321 (1,342 )

Forward HR Limited (Registered number: 10492400)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms J Luxton
Balance outstanding at start of year (312 ) -
Amounts advanced 19,138 -
Amounts repaid (19,138 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (312 )