REGISTERED NUMBER: 00939415 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FOREMAN BROS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Foreman

J Foreman

R Foreman

REGISTERED OFFICE:

22 Western Road

Borough Green

Sevenoaks

Kent

TN15 8AG

REGISTERED NUMBER:

00939415 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

7,844

9,159

CURRENT ASSETS

Stocks

206,174

232,526

Debtors

5

22,716

20,801

Cash at bank and in hand

68,383

69,321

297,273

322,648

CREDITORS

Amounts falling due within one year

6

(189,885

)

(189,875

)

NET CURRENT ASSETS

107,388

132,773

TOTAL ASSETS LESS CURRENT LIABILITIES

115,232

141,932

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

14,000

14,000

Retained earnings

101,132

127,832

SHAREHOLDERS' FUNDS

115,232

141,932

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:

J Foreman - Director

1.	STATUTORY INFORMATION

Foreman Bros 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 December 2023

4,463

115,144

25,324

144,931

Additions

-

1,300

-

1,300

At 30 November 2024

4,463

116,444

25,324

146,231

DEPRECIATION

At 1 December 2023

4,463

106,791

24,518

135,772

Charge for year

-

2,413

202

2,615

At 30 November 2024

4,463

109,204

24,720

138,387

NET BOOK VALUE

At 30 November 2024

-

7,240

604

7,844

At 30 November 2023

-

8,353

806

9,159

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,349

5,947

Other debtors

15,367

14,854

22,716

20,801

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

29,084

24,447

Taxation and social security

27,146

31,773

Other creditors

133,655

133,655

189,885

189,875

7.	RELATED PARTY DISCLOSURES

The company is controlled by its shareholders who own 100% of the issued share capital. The shareholders also control Foreman Bros. Properties Limited. Foreman Bros Properties Limited guarantees the trading of Foreman Bros Limited . Foreman Bros.Properties Limited has loaned £131160 (2023-£131160) to Foreman Bros Limited and this is disclosed under Creditors Amounts falling due within one year as "Other creditors". Foreman Bros Limited paid rent of £10800 to Foreman Bros Properties Limited in the year.