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REGISTERED NUMBER: 08416809 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 31 August 2024

for

Forrester Academies Limited

Forrester Academies Limited (Registered number: 08416809)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forrester Academies Limited

Company Information
for the Period 1 April 2023 to 31 August 2024







DIRECTORS: Mrs S Forrester
AJ Forrester
M M El-Faham
Miss S El-Faham
Mrs J Walker





REGISTERED OFFICE: Space2B Studios
13 George Street
Melton Mowbray
Leicestershire
LE13 1AX





REGISTERED NUMBER: 08416809 (England and Wales)





ACCOUNTANTS: RR Accountancy Ltd
Chartered Accountant
32 Leicester Street
Melton Mowbray
Leicestershire
LE13 0PP

Forrester Academies Limited (Registered number: 08416809)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 458,068 472,884
458,068 472,884

CURRENT ASSETS
Stocks 1,800 1,800
Debtors 6 47,263 12,671
Prepayments and accrued income 21,638 10,797
Cash at bank and in hand 784 5,331
71,485 30,599
CREDITORS
Amounts falling due within one year 7 114,848 103,812
NET CURRENT LIABILITIES (43,363 ) (73,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,705

399,671

CREDITORS
Amounts falling due after more than one
year

8

(219,056

)

(233,098

)

ACCRUALS AND DEFERRED INCOME (53,689 ) (20,975 )
NET ASSETS 141,960 145,598

CAPITAL AND RESERVES
Called up share capital 10 6,510 6,510
Share premium 54,450 54,450
Retained earnings 81,000 84,638
SHAREHOLDERS' FUNDS 141,960 145,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

Forrester Academies Limited (Registered number: 08416809)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Mrs S Forrester - Director


Forrester Academies Limited (Registered number: 08416809)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 August 2024

1. STATUTORY INFORMATION

Forrester Academies 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 the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property: 20 years straight line and 10 years straight line.
Computer equipment 3 years straight line.
Fixtures and fittings 3 years straight line.

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 period comprises current 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 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
Included in other operating leases is a car lease which the company is committed to paying £8,325 yearly until 2025.

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 period was 18 (2023 - 17 ) .

Forrester Academies Limited (Registered number: 08416809)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 August 2024 18,975
AMORTISATION
At 1 April 2023
and 31 August 2024 18,975
NET BOOK VALUE
At 31 August 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 329,149 182,948 512,097
Disposals - (250 ) (250 )
At 31 August 2024 329,149 182,698 511,847
DEPRECIATION
At 1 April 2023 - 39,213 39,213
Charge for period - 14,815 14,815
Eliminated on disposal - (249 ) (249 )
At 31 August 2024 - 53,779 53,779
NET BOOK VALUE
At 31 August 2024 329,149 128,919 458,068
At 31 March 2023 329,149 143,735 472,884

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,763 12,671
Other debtors 500 -
47,263 12,671

Forrester Academies Limited (Registered number: 08416809)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 49,559 53,591
Trade creditors 9,462 8,428
Taxation and social security 27,850 21,773
Other creditors 27,977 20,020
114,848 103,812

Of the amounts falling due within one year £44,496 is payable in instalments (2023 £52,140).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 195,943 201,026
Other creditors 23,113 32,072
219,056 233,098

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 93,131 93,400

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 212,114 222,228

The bank loan is secured by a fixed and floating charge over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
651,000 Ordinary A shares 0.01 6,510 6,510