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REGISTERED NUMBER: 12726470 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

FOREST FOODS (LYMINGTON) LIMITED

FOREST FOODS (LYMINGTON) LIMITED (REGISTERED NUMBER: 12726470)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOREST FOODS (LYMINGTON) LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: R J Wheeler
Mrs C A Wheeler





SECRETARY:





REGISTERED OFFICE: The Yard
Rear of Mytle Cottage
Southern Lane
Barton on Sea
Hampshire
BH25 7JE





REGISTERED NUMBER: 12726470 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

FOREST FOODS (LYMINGTON) LIMITED (REGISTERED NUMBER: 12726470)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,741 11,851

CURRENT ASSETS
Stocks 7,000 15,000
Debtors 5 5,481 6,706
Cash at bank and in hand 100 1,108
12,581 22,814
CREDITORS
Amounts falling due within one year 6 56,035 52,736
NET CURRENT LIABILITIES (43,454 ) (29,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,713

)

(18,071

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (34,813 ) (18,171 )
(34,713 ) (18,071 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 29 April 2025 and were signed on its behalf by:





R J Wheeler - Director


FOREST FOODS (LYMINGTON) LIMITED (REGISTERED NUMBER: 12726470)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Forest Foods (Lymington) 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.

The company has made a loss during the year and has a deficiency of assets at the year end of £34,713. The company is dependent upon the continued support of its directors. The directors have confirmed their support of the company over the next 12 months, in order that it can meet its day to day working capital requirements. Accordingly the directors continue to adopt the going concern basis in preparing the financial statements.

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 represents the sale and manufacture of confectionery and snacks.

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
Motor vehicles - 25% on Reducing Balance
Computer equipment - 33% 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 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.

FOREST FOODS (LYMINGTON) LIMITED (REGISTERED NUMBER: 12726470)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Employment benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 11,705 4,500 882 17,087
DEPRECIATION
At 1 August 2023 3,817 1,125 294 5,236
Charge for year 1,972 844 294 3,110
At 31 July 2024 5,789 1,969 588 8,346
NET BOOK VALUE
At 31 July 2024 5,916 2,531 294 8,741
At 31 July 2023 7,888 3,375 588 11,851

FOREST FOODS (LYMINGTON) LIMITED (REGISTERED NUMBER: 12726470)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,661 2,994
Other debtors 2,820 3,712
5,481 6,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,139 1,147
Trade creditors 4,055 1,822
Taxation and social security 1,359 990
Other creditors 39,482 48,777
56,035 52,736

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 21,024 21,024
Between one and five years 16,149 37,173
37,173 58,197

8. RELATED PARTY DISCLOSURES

At the year end included within other creditors is an amount of £31,557 (2023: £39,732) due to the directors of the company. The loan is provided interest free and is unsecured. There are no formal repayment terms and conditions regarding repayment of the loan.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of their combined 100% holding of the issued voting share capital of the company.