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REGISTERED NUMBER: 08488340 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Forest Lofts Ltd

Forest Lofts Ltd (Registered number: 08488340)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forest Lofts Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: F Palushi





REGISTERED OFFICE: 369 Chingford Road
London
E17 5AF





REGISTERED NUMBER: 08488340 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
London
E12 6PH

Forest Lofts Ltd (Registered number: 08488340)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,055 27,039

CURRENT ASSETS
Debtors 5 104,624 163,213
Cash at bank and in hand 316,327 112,470
420,951 275,683
CREDITORS
Amounts falling due within one year 6 194,870 129,490
NET CURRENT ASSETS 226,081 146,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,136

173,232

CREDITORS
Amounts falling due after more than one
year

7

20,470

35,126
NET ASSETS 207,666 138,106

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207,566 138,006
SHAREHOLDERS' FUNDS 207,666 138,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Lofts Ltd (Registered number: 08488340)

Balance Sheet - continued
30 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 by the director and authorised for issue on 21 January 2025 and were signed by:





F Palushi - Director


Forest Lofts Ltd (Registered number: 08488340)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Forest Lofts Ltd 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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 5 (2023 - 6 ) .

Forest Lofts Ltd (Registered number: 08488340)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 143,534
Additions 2,568
At 30 April 2024 146,102
DEPRECIATION
At 1 May 2023 116,495
Charge for year 27,552
At 30 April 2024 144,047
NET BOOK VALUE
At 30 April 2024 2,055
At 30 April 2023 27,039

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors 88,894 147,483

Amounts falling due after more than one year:
Other debtors 15,730 15,730

Aggregate amounts 104,624 163,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 15,624 2,748
Trade creditors 19,456 1,864
Taxation and social security 145,001 97,866
Other creditors 14,789 27,012
194,870 129,490

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 19,101 29,779
Hire purchase contracts 1,369 5,347
20,470 35,126

Forest Lofts Ltd (Registered number: 08488340)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
F Palushi
Balance outstanding at start of year 135,700 101,189
Amounts advanced 28,728 87,300
Amounts repaid (87,300 ) -
Amounts written off - (52,789 )
Amounts waived - -
Balance outstanding at end of year 77,128 135,700