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REGISTERED NUMBER: 04242962 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Forest Edge Computer Solutions Limited

Forest Edge Computer Solutions Limited (Registered number: 04242962)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Forest Edge Computer Solutions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R May





SECRETARY: Mrs K May





REGISTERED OFFICE: Lower Mackham Farm
HEMYOCK
Devon
EX15 3QX





REGISTERED NUMBER: 04242962 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Forest Edge Computer Solutions Limited (Registered number: 04242962)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,835 46,579

CURRENT ASSETS
Debtors 5 2,640 2,259
Cash at bank 33,490 82,249
36,130 84,508
CREDITORS
Amounts falling due within one year 6 45,461 49,967
NET CURRENT (LIABILITIES)/ASSETS (9,331 ) 34,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,504

81,120

CREDITORS
Amounts falling due after more than one
year

7

-

(30,115

)

PROVISIONS FOR LIABILITIES (7,959 ) (11,645 )
NET ASSETS 14,545 39,360

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,445 39,260
14,545 39,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 March 2025 and were signed by:





R May - Director


Forest Edge Computer Solutions Limited (Registered number: 04242962)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Forest Edge Computer Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Critical accounting estimates and judgements
The director is of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance.

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 etc - 25% on reducing balance

Financial instruments
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

Taxation
Taxation for the year comprises current and deferred 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Forest Edge Computer Solutions Limited (Registered number: 04242962)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 86,996
Additions 37,968
Disposals (55,645 )
At 30 June 2024 69,319
DEPRECIATION
At 1 July 2023 40,417
Charge for year 21,412
Eliminated on disposal (24,345 )
At 30 June 2024 37,484
NET BOOK VALUE
At 30 June 2024 31,835
At 30 June 2023 46,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,039 1,506
Other debtors 601 753
2,640 2,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,491
Trade creditors 390 455
Taxation and social security 31,670 33,105
Other creditors 13,401 13,916
45,461 49,967

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 30,115