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REGISTERED NUMBER: 13177008 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Forest Joinery and Carpentry Limited

Forest Joinery and Carpentry Limited (Registered number: 13177008)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Forest Joinery and Carpentry Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: O Stokes





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 13177008 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Forest Joinery and Carpentry Limited (Registered number: 13177008)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,180 17,423

CURRENT ASSETS
Debtors 5 165,436 366,151
Cash at bank 256,726 177,054
422,162 543,205
CREDITORS
Amounts falling due within one year 6 260,180 370,809
NET CURRENT ASSETS 161,982 172,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,162

189,819

CREDITORS
Amounts falling due after more than one
year

7

13,574

-
NET ASSETS 225,588 189,819

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 225,587 189,818
SHAREHOLDERS' FUNDS 225,588 189,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Forest Joinery and Carpentry Limited (Registered number: 13177008)

Statement of Financial Position - continued
29 February 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 19 July 2024 and were signed by:





O Stokes - Director


Forest Joinery and Carpentry Limited (Registered number: 13177008)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Forest Joinery and Carpentry 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 year was 6 (2023 - 6 ) .

Forest Joinery and Carpentry Limited (Registered number: 13177008)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 24,122 4,130 - 28,252
Additions 17,557 3,979 51,000 72,536
At 29 February 2024 41,679 8,109 51,000 100,788
DEPRECIATION
At 1 March 2023 9,439 1,390 - 10,829
Charge for year 5,161 1,243 6,375 12,779
At 29 February 2024 14,600 2,633 6,375 23,608
NET BOOK VALUE
At 29 February 2024 27,079 5,476 44,625 77,180
At 28 February 2023 14,683 2,740 - 17,423

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 83,211 227,327
Other debtors 82,225 138,824
165,436 366,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 45,559 -
Hire purchase contracts 9,945 -
Trade creditors 143,934 152,760
Taxation and social security 53,929 99,400
Other creditors 6,813 118,649
260,180 370,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 13,574 -