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Company Registration No. 11840274 (England and Wales)
Foreverland Ltd Unaudited accounts for the year ended 31 January 2024
Foreverland Ltd Unaudited accounts Contents
Page
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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
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Foreverland Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,139 
5,139 
Tangible assets
19,826 
26,433 
24,965 
31,572 
Current assets
Debtors
1,102 
859 
Cash at bank and in hand
11,781 
4,886 
12,883 
5,745 
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)
Capital and reserves
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
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Foreverland Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
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 taxation
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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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Foreverland Ltd Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
5,139 
At 31 January 2024
5,139 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
5,139 
At 31 January 2023
5,139 
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 
Depreciation
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 
Net book value
At 31 January 2024
1,466 
18,360 
19,826 
At 31 January 2023
1,954 
24,479 
26,433 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,102 
859 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
63,220 
- 
Loans from directors
- 
1,843 
Accruals
- 
1,500 
73,220 
13,343 
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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 
£ 
£ 
Bank loans
25,644 
29,097 
Taxes and social security
(2,994)
(2,994)
22,650 
26,103 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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