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REGISTERED NUMBER: 08399071 (England and Wales)




























Unaudited Financial Statements

for the Period 1 March 2023 to 31 May 2024

for

Mark Forrest (Design & Build) Limited

Mark Forrest (Design & Build) Limited (Registered number: 08399071)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mark Forrest (Design & Build) Limited

Company Information
for the Period 1 March 2023 to 31 May 2024







DIRECTORS: M Forrest



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 08399071 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Barclays Bank plc

Mark Forrest (Design & Build) Limited (Registered number: 08399071)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 47,014 -
47,014 -

CURRENT ASSETS
Stocks 13,814 -
Debtors 6 28,684 -
Cash at bank and in hand 16,858 100
59,356 100
CREDITORS
Amounts falling due within one year 7 84,843 -
NET CURRENT (LIABILITIES)/ASSETS (25,487 ) 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,527

100

CREDITORS
Amounts falling due after more than one
year

8

17,260

-
NET ASSETS 4,267 100

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 4,167 -
SHAREHOLDERS' FUNDS 4,267 100

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

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

Mark Forrest (Design & Build) Limited (Registered number: 08399071)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





M Forrest - Director


Mark Forrest (Design & Build) Limited (Registered number: 08399071)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 May 2024

1. STATUTORY INFORMATION

Mark Forrest (Design & Build) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Mark Forrest (Design & Build) Limited (Registered number: 08399071)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 5 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1,500
At 31 May 2024 1,500
AMORTISATION
Amortisation for period 1,500
At 31 May 2024 1,500
NET BOOK VALUE
At 31 May 2024 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 7,500 61,061 554 69,115
Disposals - (13,223 ) - (13,223 )
At 31 May 2024 7,500 47,838 554 55,892
DEPRECIATION
Charge for period 750 8,800 154 9,704
Eliminated on disposal - (826 ) - (826 )
At 31 May 2024 750 7,974 154 8,878
NET BOOK VALUE
At 31 May 2024 6,750 39,864 400 47,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 27,488 -
Prepayments 1,196 -
28,684 -

Mark Forrest (Design & Build) Limited (Registered number: 08399071)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,910 -
Trade creditors 32,669 -
Social security and other taxes 2,100 -
Pension control account 760 -
Net wages control account 629 -
VAT 18,687 -
Other creditors 18,582 -
Directors' loan accounts 1,856 -
Accrued expenses 1,650 -
84,843 -

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 17,260 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100