Registered number
08104517
Geoffrey Forrester & Co Limited
Unaudited Filleted Accounts
5 April 2024
Geoffrey Forrester & Co Limited
Registered number: 08104517
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 31,105 35,097
Current assets
Debtors 5 519,774 268,853
Cash at bank and in hand 1,329,943 1,712,191
1,849,717 1,981,044
Creditors: amounts falling due within one year 6 (791,575) (1,083,320)
Net current assets 1,058,142 897,724
Total assets less current liabilities 1,089,247 932,821
Provisions for liabilities (4,495) (4,773)
Net assets 1,084,752 928,048
Capital and reserves
Called up share capital 153 153
Profit and loss account 1,084,599 927,895
Shareholders' funds 1,084,752 928,048
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.
Mr GM Forrester
Director
Approved by the board on 12 June 2024
Geoffrey Forrester & Co Limited
Notes to the Accounts
for the year ended 5 April 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance per annum
Fixtures, fittings, and equipment 15% reducing balance per annum and 5 years
straight line
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 24 24
3 Intangible fixed assets £
Goodwill:
Cost
At 6 April 2023 1,500,000
At 5 April 2024 1,500,000
Amortisation
At 6 April 2023 1,500,000
At 5 April 2024 1,500,000
Net book value
At 5 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 6 April 2023 240,602 48,425 289,027
At 5 April 2024 240,602 48,425 289,027
Depreciation
At 6 April 2023 217,639 36,291 253,930
Charge for the year 3,992 - 3,992
At 5 April 2024 221,631 36,291 257,922
Net book value
At 5 April 2024 18,971 12,134 31,105
At 5 April 2023 22,963 12,134 35,097
5 Debtors 2024 2023
£ £
Trade debtors 224,183 250,614
Other debtors 295,591 18,239
519,774 268,853
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 505 7,449
Taxation and social security costs 160,091 189,777
Directors loan 619,797 876,468
Other creditors 11,182 9,626
791,575 1,083,320
7 Related party transactions
The company operates from premises owned by the pension scheme of Mr GM Forrster, one of its directors.

The company pays rent to the pension scheme in the sum of £17,000 (2022 : £17,000) per annum, which is at arms length and in the ordinary course of business.
8 Controlling party
The company is controlled by Mr GM Forrester, by virtue of his shareholding.
9 Other information
Geoffrey Forrester & Co Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Grange Road
Jarrow
Tyne & Wear
NE32 3JA
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