Registered number
07394133
Forecourtexpo limited
Filleted Accounts
31 October 2024
Forecourtexpo limited
Registered number: 07394133
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 190,000 190,000
Current assets
Debtors 4 154,725 154,725
Cash at bank and in hand 1,126 1,124
155,851 155,849
Creditors: amounts falling due within one year 5 (694) (574)
Net current assets 155,157 155,275
Net assets 345,157 345,275
Capital and reserves
Called up share capital 100 100
Profit and loss account 345,057 345,175
Shareholders' funds 345,157 345,275
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Gadatra
Director
Approved by the board on 28 November 2024
Forecourtexpo limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 November 2023 190,000
At 31 October 2024 190,000
4 Debtors 2024 2023
£ £
Other debtors 154,725 154,725
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 620 500
Other creditors - -
694 574
6 Related party transactions
Included in other debtors is a loan to a related company for £154,670.
Other creditors includes a loan of £nil (2022: £115,330) from a related company.
The loans are non interest bearing.
7 Controlling party
The company is under the control of the directors.
8 Other information
Forecourtexpo limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit D4
Chamber Hall Business Park
Bury
BL9 0FU
Forecourtexpo limited 07394133 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 S Gadatra No description of principal activity 07394133 2022-11-01 2023-10-31 07394133 core:WithinOneYear 2023-10-31 07394133 core:ShareCapital 2023-10-31 07394133 core:RetainedEarningsAccumulatedLosses 2023-10-31 07394133 2023-11-01 2024-10-31 07394133 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07394133 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07394133 bus:Director40 2023-11-01 2024-10-31 07394133 1 2023-11-01 2024-10-31 07394133 2 2023-11-01 2024-10-31 07394133 countries:England 2023-11-01 2024-10-31 07394133 bus:FRS102 2023-11-01 2024-10-31 07394133 bus:FilletedAccounts 2023-11-01 2024-10-31 07394133 2024-10-31 07394133 core:WithinOneYear 2024-10-31 07394133 core:ShareCapital 2024-10-31 07394133 core:RetainedEarningsAccumulatedLosses 2024-10-31 07394133 2023-10-31 iso4217:GBP xbrli:pure