Company Registration No. 11840274 (England and Wales)
Foreverland Ltd
Unaudited accounts
for the year ended 31 January 2024
Foreverland Ltd
Unaudited accounts
Contents
Foreverland Ltd
Company Information
for the year ended 31 January 2024
Directors
Danny Newman
Christie Liddicott
Company Number
11840274 (England and Wales)
Registered Office
c/o In The Loop Accounts
240b Kingsland Road
London
London
E2 8AX
England
Accountants
In The Loop Accounts Limited
Formal House
60 ST. GEORGES PLACE
Cheltenham
Gloucestershire
GL50 3PN
Foreverland Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
5,139
5,139
Tangible assets
19,826
26,433
Cash at bank and in hand
11,781
4,886
Creditors: amounts falling due within one year
(73,220)
(13,343)
Net current liabilities
(60,337)
(7,598)
Total assets less current liabilities
(35,372)
23,974
Creditors: amounts falling due after more than one year
(22,650)
(26,103)
Net liabilities
(58,022)
(2,129)
Called up share capital
100
100
Profit and loss account
(58,122)
(2,229)
Shareholders' funds
(58,022)
(2,129)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2024 and were signed on its behalf by
Danny Newman
Director
Company Registration No. 11840274
Foreverland Ltd
Notes to the Accounts
for the year ended 31 January 2024
Foreverland Ltd is a private company, limited by shares, registered in England and Wales, registration number 11840274. The registered office is c/o In The Loop Accounts, 240b Kingsland Road, London, London, E2 8AX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Patents and licences are being amortised evenly over their estimated useful life of nil years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreverland Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
2,605
44,941
47,546
At 31 January 2024
2,605
44,941
47,546
At 1 February 2023
651
20,462
21,113
Charge for the year
488
6,119
6,607
At 31 January 2024
1,139
26,581
27,720
At 31 January 2024
1,466
18,360
19,826
At 31 January 2023
1,954
24,479
26,433
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Loans from directors
-
1,843
Foreverland Ltd
Notes to the Accounts
for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
(2,994)
(2,994)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).