2023-04-01 SC728649 2024-03-31 SC728649 2023-04-01 2024-03-31 SC728649 2023-03-31 SC728649 2022-04-05 2023-03-31 SC728649 uk-core:WithinOneYear 2023-03-31 SC728649 uk-core:WithinOneYear 2024-03-31 SC728649 uk-core:AfterOneYear 2023-03-31 SC728649 uk-core:AfterOneYear 2024-03-31 SC728649 uk-core:ShareCapital 2024-03-31 SC728649 uk-core:ShareCapital 2023-03-31 SC728649 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC728649 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC728649 uk-bus:Director1 2023-04-01 2024-03-31 SC728649 uk-core:ComputerEquipment 2023-04-01 2024-03-31 SC728649 uk-core:MotorCars 2023-04-01 2024-03-31 SC728649 uk-core:ComputerEquipment 2023-03-31 SC728649 uk-core:MotorCars 2023-03-31 SC728649 uk-core:MotorCars 2024-03-31 SC728649 uk-core:ComputerEquipment 2024-03-31 SC728649 3 uk-bus:Director1 2023-04-01 2024-03-31 SC728649 3 uk-bus:Director1 2024-03-31 SC728649 3 uk-bus:Director1 2023-03-31 iso4217:GBP xbrli:pure SC728649 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC728649 uk-bus:FRS102 2023-04-01 2024-03-31 SC728649 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC728649 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Forrest & Co. Mortgages & Protection Ltd
Registered Number:SC728649
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Forrest & Co. Mortgages & Protection Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC728649
As at 31 March 2024
Forrest & Co. Mortgages & Protection Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
41,622
2,299
2
41,622
2,299
Current assets
Trade and other receivables
1,400
14,400
3
10,823
Cash and cash equivalents
4,810
19,210
12,223
Trade and other payables: amounts falling due within one
year
(13,327)
(30,712)
4
(1,104)
(11,502)
Net current liabilities
Total assets less current liabilities
30,120
1,195
Trade and other payables: amounts falling due after more
than one year
(1,149)
(30,119)
5
1
Net assets
46
Capital and reserves
Called up share capital
1
1
Retained earnings
-
45
1
46
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Rhys Forrest Director
These financial statements were approved and authorised for issue by the Board on 23 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Forrest & Co. Mortgages & Protection Ltd
Notes to the Financial Statements
Statutory Information
Forrest & Co. Mortgages & Protection Ltd is a private limited company, limited by shares, domiciled in Scotland,
registration number SC728649.
Registered address:
2 Park View
Tranent Mains Road
Tranent
East Lothian
EH33 1EW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Straight line
Computer Equipment
20% Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 April 2023
2,299
2,299
-
46,803
-
46,803
Additions
At 31 March 2024
46,803
2,299
49,102
Provision for depreciation and impairment
Charge for year
7,480
460
7,020
At 31 March 2024
7,480
460
7,020
At 31 March 2024
Net book value
39,783
1,839
41,622
At 31 March 2023
-
2,299
2,299
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5
For the year ended 31 March 2024
Forrest & Co. Mortgages & Protection Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
14,400
1,400
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
18,126
10,977
Other creditors
12,586
2,350
30,712
13,327
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
30,119
1,149
6. Directors advances and guarantees
At 01/04/2023
Loaned
At 31/03/2024
£
£
£
Mr Rhys Forrest
Director's Loan Account
14,400
1,400
13,000
14,400
1,400
13,000
The Director's loan was repaid in full within 9 months of the accounting year end.
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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