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COMPANY REGISTRATION NUMBER: 07472125
FORGET ME NOT (THRAPSTON) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
FORGET ME NOT (THRAPSTON) LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
32
CURRENT ASSETS
Stocks
44,033
Debtors
7
2,406
3,500
Cash at bank and in hand
25,297
20,493
--------
--------
27,703
68,026
CREDITORS: amounts falling due within one year
8
1,150
14,838
--------
--------
NET CURRENT ASSETS
26,553
53,188
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
26,553
53,220
--------
--------
NET ASSETS
26,553
53,220
--------
--------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
26,551
53,218
--------
--------
SHAREHOLDERS FUNDS
26,553
53,220
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FORGET ME NOT (THRAPSTON) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 6 May 2025 , and are signed on behalf of the board by:
Ms M Goring Director
Company registration number: 07472125
FORGET ME NOT (THRAPSTON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Hollycroft, Hinckley, Leicestershire, LE10 0HG. The principal place of business address is 53 High St, Thrapston, Kettering NN14 4JJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
10% straight line
Fixtures and Fittings
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil (2024: 6 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 April 2024
10,000
Additions
Disposals of previously acquired businesses
( 10,000)
--------
At 31 March 2025
--------
Amortisation
At 1 April 2024
10,000
Charge for the year
Disposals of previously acquired businesses
( 10,000)
--------
At 31 March 2025
--------
Carrying amount
At 31 March 2025
--------
At 31 March 2024
--------
6. TANGIBLE ASSETS
Leasehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2024
3,330
200
3,530
Disposals
( 3,330)
( 200)
( 3,530)
-------
----
-------
At 31 March 2025
-------
----
-------
Depreciation
At 1 April 2024
3,330
168
3,498
Disposals
( 3,330)
( 168)
( 3,498)
-------
----
-------
At 31 March 2025
-------
----
-------
Carrying amount
At 31 March 2025
-------
----
-------
At 31 March 2024
32
32
-------
----
-------
7. DEBTORS
2025
2024
£
£
Other debtors
2,406
3,500
-------
-------
8. CREDITORS: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,206
Corporation tax
302
Social security and other taxes
4,438
Other creditors
1,150
2,892
-------
--------
1,150
14,838
-------
--------