Company Registration No. 11316515 (England and Wales)
FORWARD PROJECT SOLUTIONS LTD
Unaudited accounts
for the year ended 30 April 2024
FORWARD PROJECT SOLUTIONS LTD
Unaudited accounts
Contents
FORWARD PROJECT SOLUTIONS LTD
Company Information
for the year ended 30 April 2024
Company Number
11316515 (England and Wales)
Registered Office
3 Pondhue Cottages Anchor Hill
Knaphill
Working
Surrey
GU21 2HL
UNITED KINGDOM
Accountants
Seed Accounting Solutions
85 Great Portland Street
First Floor
London
W1W 7LT
FORWARD PROJECT SOLUTIONS LTD
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
1,575
83
Creditors: amounts falling due within one year
(36,848)
(34,775)
Net current liabilities
(14,030)
(13,077)
Net liabilities
(13,948)
(12,967)
Called up share capital
100
100
Profit and loss account
(14,048)
(13,067)
Shareholders' funds
(13,948)
(12,967)
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 6 December 2024 and were signed on its behalf by
Matthew Ward
Director
Company Registration No. 11316515
FORWARD PROJECT SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
FORWARD PROJECT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 11316515. The registered office is 3 Pondhue Cottages Anchor Hill, Knaphill, Working, Surrey, GU21 2HL, UNITED KINGDOM.
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.
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
20% on Straight Line
Computer equipment
3 Years Straight Line
The company reports net liabilities at the balance sheet date. Company liabilities were satisfied by the director after the year end. The director expects the company to trade profitably in the future, and to be able to meet its liabilities from cash flow arising from normal operating activities. Accordingly, the director considers it appropriate to prepare these accounts on the going concern basis.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
137
1,213
1,350
At 30 April 2024
137
1,213
1,350
At 1 May 2023
28
1,212
1,240
Charge for the year
28
-
28
At 30 April 2024
56
1,212
1,268
At 30 April 2023
109
1
110
FORWARD PROJECT SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Accrued income and prepayments
209
203
Other debtors
21,034
21,146
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,915
25,928
Trade creditors
9,049
7,614
Taxes and social security
27,621
19,905
Other creditors
8,818
4,943
Loans from directors
(34,121)
(23,615)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
23,615
54,782
44,276
34,121
23,615
54,782
44,276
34,121
Overdrawn balance fully repaid within 9 months from the Year ended.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).