FORESHAW BUILDING SERVICES (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
Foreshaw Building Services (Holdings) Limited is a private limited company limited by shares and incorporated in England and Wales. The registered office address of the company is 2 Robin Hood Cottages, St Pauls Wood Hill, Chislehurst, Kent, BR5 2SP. The principal activity of the company is that of a holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
(i) Subsidiary undertakings
Investments in subsidiaries are valued at cost less impairment.
(ii) Investment in participating interests
Investments in participating interests are stated at the amount of capital contribution to the same.
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Associates and joint ventures
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Associates and Joint Ventures are held at cost less impairment.
Turnover comprises revenue recognised by the company in respect of management services supplied during the year, exclusive of Value Added Tax.
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