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REGISTERED NUMBER: 01715028 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th April 2024

for

Forest Equipment Services Limited

Forest Equipment Services Limited (Registered number: 01715028)






Contents of the Financial Statements
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Forest Equipment Services Limited

Company Information
For The Year Ended 30th April 2024







DIRECTORS: C C Hinton
Mrs J L Hinton





REGISTERED OFFICE: Kings Buildings
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 01715028 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Forest Equipment Services Limited (Registered number: 01715028)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,323 5,419

CURRENT ASSETS
Stocks 5 353 357
Debtors 6 9,461 2,640
Cash at bank 144,828 122,900
154,642 125,897
CREDITORS
Amounts falling due within one year 7 49,512 42,919
NET CURRENT ASSETS 105,130 82,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,453

88,397

PROVISIONS FOR LIABILITIES 8 942 1,030
NET ASSETS 108,511 87,367

CAPITAL AND RESERVES
Called up share capital 9 99 99
Retained earnings 10 108,412 87,268
SHAREHOLDERS' FUNDS 108,511 87,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Forest Equipment Services Limited (Registered number: 01715028)

Balance Sheet - continued
30th April 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 and authorised for issue by the Board of Directors and authorised for issue on 20th August 2024 and were signed on its behalf by:





Mrs J L Hinton - Director


Forest Equipment Services Limited (Registered number: 01715028)

Notes to the Financial Statements
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

Forest Equipment Services 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

Basis of preparing the financial statements
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.

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 - 15% on reducing balance
Motor vehicles - 25% 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.

Pension costs and other post-retirement benefits
The company operates a National Employment Savings Trust Scheme (NEST) in respect of pension contributions for the employees of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Forest Equipment Services Limited (Registered number: 01715028)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st May 2023
and 30th April 2024 40,015 21,450 4,098 65,563
DEPRECIATION
At 1st May 2023 38,891 18,625 2,628 60,144
Charge for year 169 706 221 1,096
At 30th April 2024 39,060 19,331 2,849 61,240
NET BOOK VALUE
At 30th April 2024 955 2,119 1,249 4,323
At 30th April 2023 1,124 2,825 1,470 5,419

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 353 357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 9,102 2,308
Sundry Debtors & Prepayments 359 332
9,461 2,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 17,518 14,057
NEST Pension Control Account - 37
VAT 6,599 5,996
Directors' current accounts 19,515 20,238
Accrued expenses 5,880 2,591
49,512 42,919

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 942 1,030

Forest Equipment Services Limited (Registered number: 01715028)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st May 2023 1,030
Provided during year (88 )
Balance at 30th April 2024 942

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
99 Ordinary £1 99 99

10. RESERVES
Retained
earnings
£   

At 1st May 2023 87,268
Profit for the year 61,654
Dividends (40,510 )
At 30th April 2024 108,412

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Forest Equipment Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forest Equipment Services Limited for the year ended 30th April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Forest Equipment Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forest Equipment Services Limited and state those matters that we have agreed to state to the Board of Directors of Forest Equipment Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Forest Equipment Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Forest Equipment Services Limited. You consider that Forest Equipment Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forest Equipment Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 20th August 2024