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REGISTERED NUMBER: 08758356 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Forest Medical (UK) Limited

Forest Medical (UK) Limited (Registered number: 08758356)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forest Medical (UK) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: J Dillon
Mrs W L Dillon





REGISTERED OFFICE: 18 Heather Close
Newthorpe
Nottinghamshire
NG16 2EP





REGISTERED NUMBER: 08758356 (England and Wales)





ACCOUNTANTS: Noy & Partners Accountants Limited
17 Farrington Way
Eastwood
Nottingham
Nottinghamshire
NG16 3BF

Forest Medical (UK) Limited (Registered number: 08758356)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,061 18,347

CURRENT ASSETS
Stocks 500 500
Debtors 5 30,502 29,473
Cash at bank 102,203 66,530
133,205 96,503
CREDITORS
Amounts falling due within one year 6 48,460 38,138
NET CURRENT ASSETS 84,745 58,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,806

76,712

PROVISIONS FOR LIABILITIES 7 2,862 3,486
NET ASSETS 96,944 73,226

CAPITAL AND RESERVES
Called up share capital 8 103 103
Retained earnings 96,841 73,123
SHAREHOLDERS' FUNDS 96,944 73,226

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

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

Forest Medical (UK) Limited (Registered number: 08758356)

Balance Sheet - continued
31st 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 8th August 2024 and were signed on its behalf by:





J Dillon - Director


Forest Medical (UK) Limited (Registered number: 08758356)

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

1. STATUTORY INFORMATION

Forest Medical (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Testing equipment - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Forest Medical (UK) Limited (Registered number: 08758356)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Testing and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 22,950 457 24,005 3,357 50,769
Additions 1,547 - - - 1,547
At 31st March 2024 24,497 457 24,005 3,357 52,316
DEPRECIATION
At 1st April 2023 18,064 360 11,025 2,973 32,422
Charge for year 1,248 20 3,245 320 4,833
At 31st March 2024 19,312 380 14,270 3,293 37,255
NET BOOK VALUE
At 31st March 2024 5,185 77 9,735 64 15,061
At 31st March 2023 4,886 97 12,980 384 18,347

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,090 29,236
Other debtors 1,412 237
30,502 29,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 33,862 29,889
Other creditors 14,598 8,249
48,460 38,138

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,862 3,486

Forest Medical (UK) Limited (Registered number: 08758356)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 3,486
Utilised during year (624 )
Balance at 31st March 2024 2,862

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
3 Ordinary (non-voting) £1 3 3
103 103