IRIS Accounts Production v24.3.2.46 00996261 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009962612023-12-31009962612024-12-31009962612024-01-012024-12-31009962612022-12-31009962612023-01-012023-12-31009962612023-12-3100996261ns15:EnglandWales2024-01-012024-12-3100996261ns14:PoundSterling2024-01-012024-12-3100996261ns10:Director12024-01-012024-12-3100996261ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100996261ns10:SmallEntities2024-01-012024-12-3100996261ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100996261ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100996261ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100996261ns10:FullAccounts2024-01-012024-12-3100996261ns10:OrdinaryShareClass12024-01-012024-12-3100996261ns10:OrdinaryShareClass22024-01-012024-12-3100996261ns10:OrdinaryShareClass32024-01-012024-12-3100996261ns10:OrdinaryShareClass42024-01-012024-12-3100996261ns10:Director22024-01-012024-12-3100996261ns10:Director32024-01-012024-12-3100996261ns10:Director42024-01-012024-12-3100996261ns10:CompanySecretary12024-01-012024-12-3100996261ns10:RegisteredOffice2024-01-012024-12-3100996261ns5:CurrentFinancialInstruments2024-12-3100996261ns5:CurrentFinancialInstruments2023-12-3100996261ns5:ShareCapital2024-12-3100996261ns5:ShareCapital2023-12-3100996261ns5:RevaluationReserve2024-12-3100996261ns5:RevaluationReserve2023-12-3100996261ns5:CapitalRedemptionReserve2024-12-3100996261ns5:CapitalRedemptionReserve2023-12-3100996261ns5:RetainedEarningsAccumulatedLosses2024-12-3100996261ns5:RetainedEarningsAccumulatedLosses2023-12-3100996261ns5:PlantMachinery2024-01-012024-12-3100996261ns5:FurnitureFittings2024-01-012024-12-3100996261ns5:LandBuildings2023-12-3100996261ns5:PlantMachinery2023-12-3100996261ns5:FurnitureFittings2023-12-3100996261ns5:LandBuildings2024-01-012024-12-3100996261ns5:LandBuildings2024-12-3100996261ns5:PlantMachinery2024-12-3100996261ns5:FurnitureFittings2024-12-3100996261ns5:LandBuildings2023-12-3100996261ns5:PlantMachinery2023-12-3100996261ns5:FurnitureFittings2023-12-3100996261ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100996261ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100996261ns10:OrdinaryShareClass12024-12-3100996261ns10:OrdinaryShareClass22024-12-3100996261ns10:OrdinaryShareClass32024-12-3100996261ns10:OrdinaryShareClass42024-12-3100996261ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 00996261 (England and Wales)















FORRESTFORD ENGINEERING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






FORRESTFORD ENGINEERING LIMITED (REGISTERED NUMBER: 00996261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORRESTFORD ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A T Grew
D L Grew
J D Grew
T A Grew





SECRETARY: T A Grew





REGISTERED OFFICE: Unit 2
Polo Ground Industrial Estate
New Inn
Pontypool
Torfaen
NP4 0TW





REGISTERED NUMBER: 00996261 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

FORRESTFORD ENGINEERING LIMITED (REGISTERED NUMBER: 00996261)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,730 64,839

CURRENT ASSETS
Stocks 30,344 21,089
Debtors 5 90,344 34,125
Cash at bank 104,805 100,392
225,493 155,606
CREDITORS
Amounts falling due within one year 6 82,356 57,422
NET CURRENT ASSETS 143,137 98,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,867

163,023

PROVISIONS FOR LIABILITIES 1,082 1,319
NET ASSETS 205,785 161,704

CAPITAL AND RESERVES
Called up share capital 7 3,960 3,960
Revaluation reserve 8 16,800 16,800
Capital redemption reserve 6,040 6,040
Retained earnings 178,985 134,904
SHAREHOLDERS' FUNDS 205,785 161,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

FORRESTFORD ENGINEERING LIMITED (REGISTERED NUMBER: 00996261)

BALANCE SHEET - continued
31ST DECEMBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2025 and were signed on its behalf by:





D L Grew - Director


FORRESTFORD ENGINEERING LIMITED (REGISTERED NUMBER: 00996261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Forrestford Engineering 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 each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost

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 year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FORRESTFORD ENGINEERING LIMITED (REGISTERED NUMBER: 00996261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 56,650 910,678 37,590 1,004,918
DEPRECIATION
At 1st January 2024 - 903,177 36,902 940,079
Charge for year - 1,028 81 1,109
At 31st December 2024 - 904,205 36,983 941,188
NET BOOK VALUE
At 31st December 2024 56,650 6,473 607 63,730
At 31st December 2023 56,650 7,501 688 64,839

The company's freehold workshop at Polo Grounds Industrial Estate, New Inn, was valued professionally in 1984 at £56,650. The historical cost and net book value of the workshop is £39,850.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,496 29,608
Prepayments and accrued income 4,848 4,517
90,344 34,125

FORRESTFORD ENGINEERING LIMITED (REGISTERED NUMBER: 00996261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,830 17,155
Corporation tax 44,053 25,297
Social security and other taxes 499 463
VAT 14,576 6,052
Other creditors (26 ) 31
Directors' current accounts 548 548
Accrued expenses 7,876 7,876
82,356 57,422

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,259 Ordinary £1 2,259 2,259
567 Ordinary A £1 567 567
567 Ordinary B £1 567 567
567 Ordinary C £1 567 567
3,960 3,960

8. RESERVES
Revaluation
reserve
£   
At 1st January 2024
and 31st December 2024 16,800

9. RELATED PARTY DISCLOSURES

The company had the following directors loan as at the year end:-

T A Grew £548 (2023 - £548).