Company Registration No. 13429244 (England and Wales)
Stuart Forster (UK) Limited
Unaudited accounts
for the year ended 31 May 2024
Stuart Forster (UK) Limited
Unaudited accounts
Contents
Stuart Forster (UK) Limited
Company Information
for the year ended 31 May 2024
Company Number
13429244 (England and Wales)
Registered Office
Honeystone Cottage
Oxford Road
Enstone
Chipping Norton
Oxfordshire
OX7 4LP
England
Stuart Forster (UK) Limited
Statement of financial position
as at 31 May 2024
Tangible assets
128,301
19,941
Cash at bank and in hand
8,426
5,316
Creditors: amounts falling due within one year
(148,546)
(17,548)
Net current liabilities
(137,127)
(12,232)
Net (liabilities)/assets
(8,826)
7,709
Called up share capital
10
10
Profit and loss account
(8,836)
7,699
Shareholders' funds
(8,826)
7,709
For the year ending 31 May 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 18 February 2025 and were signed on its behalf by
S Forster
Director
Company Registration No. 13429244
Stuart Forster (UK) Limited
Notes to the Accounts
for the year ended 31 May 2024
Stuart Forster (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 13429244. The registered office is Honeystone Cottage, Oxford Road, Enstone, Chipping Norton, Oxfordshire, OX7 4LP, England.
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.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
Held at Fair Value
Plant & machinery
20% Reducing Balance
Stuart Forster (UK) Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 June 2023
-
24,926
24,926
Additions
110,802
1,933
112,735
At 31 May 2024
110,802
26,859
137,661
At 1 June 2023
-
4,985
4,985
Charge for the year
-
4,375
4,375
At 31 May 2024
-
9,360
9,360
At 31 May 2024
110,802
17,499
128,301
At 31 May 2023
-
19,941
19,941
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
146,758
17,548
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).