Company Registration No. 07161840 (England and Wales)
Forest Digital Limited
Unaudited accounts
for the year ended 29 February 2024
Forest Digital Limited
Unaudited accounts
Contents
Forest Digital Limited
Company Information
for the year ended 29 February 2024
Director
Scott David COOPER
Company Number
07161840 (England and Wales)
Forest Digital Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
66,053
Creditors: amounts falling due within one year
(137,736)
Net current assets
163,998
Total assets less current liabilities
394,508
Creditors: amounts falling due after more than one year
(251,627)
Called up share capital
100
Profit and loss account
142,781
Shareholders' funds
142,881
For the year ending 29 February 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 2 February 2025 and were signed on its behalf by
Scott David COOPER
Director
Company Registration No. 07161840
Forest Digital Limited
Notes to the Accounts
for the year ended 29 February 2024
Forest Digital Limited is a private company, limited by shares, registered in England and Wales, registration number 07161840.
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
15% reducing balance
Motor vehicles
Over 7 years
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
905,277
122,084
-
1,027,361
At 29 February 2024
905,277
122,084
177
1,027,538
At 1 March 2023
752,027
45,001
-
797,028
At 29 February 2024
752,027
45,001
-
797,028
At 29 February 2024
153,250
77,083
177
230,510
Forest Digital Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
116,589
Accrued income and prepayments
2,527
6
Creditors: amounts falling due within one year
2024
Taxes and social security
23,867
7
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
213,321
8
Average number of employees
During the year the average number of employees was 0.