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REGISTERED NUMBER: 06881845 (England and Wales)


















FORECOURT MANAGEMENT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,716 16,161

CURRENT ASSETS
Stocks 5 79,014 90,315
Debtors 6 135,407 169,831
Cash at bank and in hand 260,857 210,245
475,278 470,391
CREDITORS
Amounts falling due within one year 7 (327,272 ) (328,363 )
NET CURRENT ASSETS 148,006 142,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,722

158,189

CREDITORS
Amounts falling due after more than one
year

8

(14,016

)

(23,940

)
NET ASSETS 185,706 134,249

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 185,705 134,248
SHAREHOLDERS' FUNDS 185,706 134,249

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.

FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

STATEMENT OF FINANCIAL POSITION - 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 27 January 2025 and were signed by:





P Karan - Director


FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Forecourt Management Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06881845

Registered office: 238a Kingston Road
New Malden
Surrey
KT3 3RN

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
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods and services is recognised when goods are delivered, and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - Over 10 years
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
As the balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments.


FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 7 ) .

FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 3,521 34,180 36,060 4,311 78,072
Additions - 6,300 46,333 - 52,633
At 30 April 2024 3,521 40,480 82,393 4,311 130,705
DEPRECIATION
At 1 May 2023 1,174 34,179 22,247 4,311 61,911
Charge for year 1,174 329 15,575 - 17,078
At 30 April 2024 2,348 34,508 37,822 4,311 78,989
NET BOOK VALUE
At 30 April 2024 1,173 5,972 44,571 - 51,716
At 30 April 2023 2,347 1 13,813 - 16,161

5. STOCKS
2024 2023
£    £   
Stocks 79,014 90,315

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,060 19,857
Amounts owed by group undertakings 53,919 53,499
Other debtors 68,428 96,475
135,407 169,831

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,629 19,901
Trade creditors 200,197 211,270
Taxation and social security 89,266 80,509
Other creditors 17,180 16,683
327,272 328,363

FORECOURT MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 06881845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,016 23,940

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary share 1 1 1

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 43,333 62,500

The above amount represents rent payable per annum of £ 40,000 for 13 months (2023 - £ 40,000 for 24 months & a month £30,000 per annum respectively).

11. 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:

2024 2023
£    £   
P Karan
Balance outstanding at start of year 87,775 69,059
Amounts advanced 55,938 98,716
Amounts repaid (100,387 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,326 87,775

The above loan has been repaid by 31 January 2025.