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Company Registration No. 12783897 (England and Wales)
B Forum Limited Unaudited accounts for the year ended 31 July 2024
B Forum Limited Unaudited accounts Contents
Page
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B Forum Limited Company Information for the year ended 31 July 2024
Director
James Hargreaves
Company Number
12783897 (England and Wales)
Registered Office
8 Springfield Glen Sheffield South Yorkshire S7 2HL England
Accountants
Automated Accountancy The Business Village Innovation Way Barnsley South Yorkshire S75 1JL
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B Forum Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4,522 
9,058 
Tangible assets
2,175 
- 
6,697 
9,058 
Current assets
Debtors
883 
1,169 
Cash at bank and in hand
1,878 
1,011 
2,761 
2,180 
Creditors: amounts falling due within one year
(864)
(39,973)
Net current assets/(liabilities)
1,897 
(37,793)
Total assets less current liabilities
8,594 
(28,735)
Creditors: amounts falling due after more than one year
(3,537)
- 
Net assets/(liabilities)
5,057 
(28,735)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,056 
(28,736)
Shareholders' funds
5,057 
(28,735)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
James Hargreaves Director Company Registration No. 12783897
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B Forum Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
B Forum Limited is a private company, limited by shares, registered in England and Wales, registration number 12783897. The registered office is 8 Springfield Glen, Sheffield, South Yorkshire, S7 2HL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is charged to the profit and loss account over its estimated economic life of 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance
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B Forum Limited Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
22,647 
At 31 July 2024
22,647 
Amortisation
At 1 August 2023
13,589 
Charge for the year
4,536 
At 31 July 2024
18,125 
Net book value
At 31 July 2024
4,522 
At 31 July 2023
9,058 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
- 
Additions
2,900 
At 31 July 2024
2,900 
Depreciation
Charge for the year
725 
At 31 July 2024
725 
Net book value
At 31 July 2024
2,175 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
883 
832 
Trade debtors
- 
337 
883 
1,169 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,140 
Amounts owed to group undertakings and other participating interests
- 
35,808 
Other creditors
- 
2,160 
Accruals
864 
865 
864 
39,973 
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B Forum Limited Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
3,537 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Transactions with related parties
The company has taken advantage of exemption conferred by FRS 102 S1A, removing the requirement to disclose transactions between group members. As at 31 July 2024 amounts owed to entities holding a controlling interest total £nil (2023: £35,808). As at 31 July 2024 amounts owed to entities under common control total £nil (2023: £2,160). Outstanding balances with entities were unsecured, interest free and payable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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