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REGISTERED NUMBER: 06512550 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

L FORRESTER LIMITED

L FORRESTER LIMITED (REGISTERED NUMBER: 06512550)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L FORRESTER LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: Miss L Forrester
R Forrester
Mrs R Cardas





SECRETARY: R Forrester





REGISTERED OFFICE: 8a Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU





REGISTERED NUMBER: 06512550 (England and Wales)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

L FORRESTER LIMITED (REGISTERED NUMBER: 06512550)

BALANCE SHEET
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,744 9,925

CURRENT ASSETS
Stocks 9,700 9,700
Debtors 5 10,785 11,445
Cash at bank and in hand 9,675 13,093
30,160 34,238
CREDITORS
Amounts falling due within one year 6 30,171 26,174
NET CURRENT (LIABILITIES)/ASSETS (11 ) 8,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,733

17,989

CREDITORS
Amounts falling due after more than one year 7 34,410 30,300
NET LIABILITIES (15,677 ) (12,311 )

CAPITAL AND RESERVES
Called up share capital 60,290 60,290
Retained earnings (75,967 ) (72,601 )
SHAREHOLDERS' FUNDS (15,677 ) (12,311 )

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 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.

L FORRESTER LIMITED (REGISTERED NUMBER: 06512550)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:





Miss L Forrester - Director


L FORRESTER LIMITED (REGISTERED NUMBER: 06512550)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

L Forrester 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

Going concern basis
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.

The accounts have been prepared on a going concern basis as the company will continue to benefit from the directors` support.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

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.

L FORRESTER LIMITED (REGISTERED NUMBER: 06512550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 31,481
Additions 14,130
At 29 February 2024 45,611
DEPRECIATION
At 1 March 2023 21,556
Charge for year 5,311
At 29 February 2024 26,867
NET BOOK VALUE
At 29 February 2024 18,744
At 28 February 2023 9,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,759 2,878
Other debtors 6,026 8,567
10,785 11,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,800 4,800
Hire purchase contracts 2,794 -
Trade creditors 8,924 10,072
Taxation and social security 7,190 4,294
Other creditors 6,463 7,008
30,171 26,174

L FORRESTER LIMITED (REGISTERED NUMBER: 06512550)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 25,500 30,300
Hire purchase contracts 8,910 -
34,410 30,300

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Miss L Forrester
Balance outstanding at start of year 8,568 3,710
Amounts advanced 2,072 4,858
Amounts repaid (4,612 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,028 8,568

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R Cardas.