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REGISTERED NUMBER: 13156857 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

FORWARD ASSOCIATES GROUP LTD

FORWARD ASSOCIATES GROUP LTD (REGISTERED NUMBER: 13156857)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORWARD ASSOCIATES GROUP LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: R Westwood
C J Bray
R M Still





REGISTERED OFFICE: Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU





REGISTERED NUMBER: 13156857 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

FORWARD ASSOCIATES GROUP LTD (REGISTERED NUMBER: 13156857)

Balance Sheet
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,321 6,451
Investments 5 200 200
10,521 6,651

CURRENT ASSETS
Debtors 6 197,884 220,268
Cash at bank 958,742 936,431
1,156,626 1,156,699
CREDITORS
Amounts falling due within one year 7 195,402 334,726
NET CURRENT ASSETS 961,224 821,973
TOTAL ASSETS LESS CURRENT LIABILITIES 971,745 828,624

PROVISIONS FOR LIABILITIES 2,580 1,613
NET ASSETS 969,165 827,011

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 969,065 826,911
SHAREHOLDERS' FUNDS 969,165 827,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

FORWARD ASSOCIATES GROUP LTD (REGISTERED NUMBER: 13156857)

Balance Sheet - continued
31 JANUARY 2025


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 17 February 2025 and were signed on its behalf by:





R Westwood - Director


FORWARD ASSOCIATES GROUP LTD (REGISTERED NUMBER: 13156857)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Forward Associates Group Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Forward Associates Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 19 (2024 - 13 ) .

FORWARD ASSOCIATES GROUP LTD (REGISTERED NUMBER: 13156857)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 12,412
Additions 6,367
At 31 January 2025 18,779
DEPRECIATION
At 1 February 2024 5,961
Charge for year 2,497
At 31 January 2025 8,458
NET BOOK VALUE
At 31 January 2025 10,321
At 31 January 2024 6,451

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 200
NET BOOK VALUE
At 31 January 2025 200
At 31 January 2024 200

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Forward Associates Ltd
Registered office: Ferrari House, 258 Field End Road, Ruislip, Middx, HA4 9UU
Nature of business: Strategic design and systems consultancy
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00
2025 2024
£    £   
Aggregate capital and reserves 8,645 4,603
Profit for the year 4,042 3,972

FORWARD ASSOCIATES GROUP LTD (REGISTERED NUMBER: 13156857)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 197,830 211,694
Other debtors 54 8,574
197,884 220,268

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 6,035 15,065
Taxation and social security 132,167 249,461
Other creditors 57,200 70,200
195,402 334,726

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
51 A Ordinary Shares £1 51 51
49 B Ordinary shares £1 49 49
100 100

9. RELATED PARTY DISCLOSURES

During the previous year, 49% of the issued share capital was acquired by SMG Europe Holdings Ltd t/a ASM Global.

During the year, the company made sales to ASM Global and its group and related companies totalling £815,087 (2024: £712,981). At the year end the company was owed £98,920 (2024: £62,704) by these parties.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Westwood.

The ultimate controlling party is R Westwood.