Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312025-05-12true2023-04-01false1210trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08926938 2023-04-01 2024-03-31 08926938 2022-04-01 2023-03-31 08926938 2024-03-31 08926938 2023-03-31 08926938 c:Director1 2023-04-01 2024-03-31 08926938 d:Buildings 2023-04-01 2024-03-31 08926938 d:Buildings 2024-03-31 08926938 d:Buildings 2023-03-31 08926938 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08926938 d:PlantMachinery 2023-04-01 2024-03-31 08926938 d:PlantMachinery 2024-03-31 08926938 d:PlantMachinery 2023-03-31 08926938 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08926938 d:FurnitureFittings 2023-04-01 2024-03-31 08926938 d:FurnitureFittings 2024-03-31 08926938 d:FurnitureFittings 2023-03-31 08926938 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08926938 d:ComputerEquipment 2023-04-01 2024-03-31 08926938 d:ComputerEquipment 2024-03-31 08926938 d:ComputerEquipment 2023-03-31 08926938 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08926938 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08926938 d:CurrentFinancialInstruments 2024-03-31 08926938 d:CurrentFinancialInstruments 2023-03-31 08926938 d:Non-currentFinancialInstruments 2024-03-31 08926938 d:Non-currentFinancialInstruments 2023-03-31 08926938 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08926938 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08926938 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08926938 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08926938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08926938 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08926938 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08926938 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08926938 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 08926938 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 08926938 d:ShareCapital 2024-03-31 08926938 d:ShareCapital 2023-03-31 08926938 d:RetainedEarningsAccumulatedLosses 2024-03-31 08926938 d:RetainedEarningsAccumulatedLosses 2023-03-31 08926938 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08926938 c:OrdinaryShareClass1 2024-03-31 08926938 c:OrdinaryShareClass1 2023-03-31 08926938 c:FRS102 2023-04-01 2024-03-31 08926938 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08926938 c:FullAccounts 2023-04-01 2024-03-31 08926938 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08926938 2 2023-04-01 2024-03-31 08926938 6 2023-04-01 2024-03-31 08926938 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08926938 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08926938 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 08926938 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08926938 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08926938














FORWARD MOVEMENT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
FORWARD MOVEMENT LIMITED
REGISTERED NUMBER:08926938

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,823,806
1,800,662

Investments
 5 
1
1

  
1,823,807
1,800,663

Current assets
  

Debtors: amounts falling due within one year
 6 
1,464,206
1,088,611

Cash at bank
 7 
313,105
139,333

  
1,777,311
1,227,944

Creditors: amounts falling due within one year
 8 
(1,229,767)
(938,142)

Net current assets
  
 
 
547,544
 
 
289,802

Total assets less current liabilities
  
2,371,351
2,090,465

Creditors: amounts falling due after more than one year
 9 
(697,127)
(728,987)

Provisions for liabilities
  

Deferred tax
 11 
(69,993)
(65,847)

  
 
 
(69,993)
 
 
(65,847)

Net assets
  
1,604,231
1,295,631


Capital and reserves
  

Called up share capital 
 12 
56
56

Profit and loss account
  
1,604,175
1,295,575

  
1,604,231
1,295,631


Page 1

 
FORWARD MOVEMENT LIMITED
REGISTERED NUMBER:08926938
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 May 2025.




A M Banjo
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Forward Movement Limited is a private company, limited by shares, registered in England and Wales, registration number 08926938. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
 
The principal activity of the company continued to be that of performing arts. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Exemption from preparing consolidated financial statements

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small - sized group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 not to prepare group accounts.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from performing arts activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.
Income from performances are recognised once the performances have taken place.
Recharged income represents the re-imbursement of an agreed proportion of costs incurred by the company.

Merchandise income is recognised net of cost when received.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Page 3

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

  Financial instruments

The company only enters into basic financial instrument transactions that result in the recongnition of financial assets and liabilities such as trade and other debtors, trade and other creditos, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

  Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

  Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporate tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

  Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Plant and machinery
-
25%
reducing Balance
Fixtures and fittings
-
25%
reducing Balance
Computer equipment
-
25%
reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
The director has determined that the residual value of the freehold property held is not materially different to its net book value, thus the depreciation charge for the year is £NIL.


3.


Employees

The average monthly number of employees, including the director, during the year was 12 (2023 - 10).

Page 6

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost 


At 1 April 2023
1,766,838
11,383
68,421
12,088
1,858,730


Additions
24,847
6,184
1,200
1,172
33,403



At 31 March 2024

1,791,685
17,567
69,621
13,260
1,892,133



Depreciation


At 1 April 2023
-
6,671
45,733
5,664
58,068


Charge for the year 
-
2,660
5,797
1,802
10,259



At 31 March 2024

-
9,331
51,530
7,466
68,327



Net book value



At 31 March 2024
1,791,685
8,236
18,091
5,794
1,823,806



At 31 March 2023
1,766,838
4,712
22,688
6,424
1,800,662


5.


Fixed asset investments





Investment in a subsidiary company

£



Cost


At 1 April 2023
1



At 31 March 2024
1




Page 7

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
63,903
58,605

Amounts owed by group undertakings
128,039
181,208

Amounts owed by connected companies
299,419
179,049

Other debtors
230,787
631,714

Prepayments and accrued income
742,058
38,035

1,464,206
1,088,611



7.


Cash

2024
2023
£
£

Cash at bank
313,105
139,333



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
35,693
35,693

Trade creditors
544,301
21,522

Amounts owed to group undertakings
-
32,572

Corporation tax
189,635
114,639

Other taxation and social security
48,316
185,024

Other creditors
122,985
89,964

Accruals and deferred income
288,837
458,728

1,229,767
938,142


The bank loan £35,693 (2023 - £35,693) is secured by a fixed and floating charge over the freehold property held in the company.


9.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
697,127
728,987


The bank loan £697,127 (2023 - £728,987) is secured by a fixed and floating charge over the freehold property held in the company.

Page 8

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
35,693
35,693

Amounts falling due 1-2 years

Bank loans
35,693
35,693

Amounts falling due 2-5 years

Bank loans
107,079
107,079

Amounts falling due after more than 5 years

Bank loans
554,355
586,215

732,820
764,680



11.


Deferred taxation




2024


£






At beginning of year
65,847


Charged to profit or loss
4,146



At end of year
69,993

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed assets timing differences
70,474
66,299

Short term timing differences
(481)
(452)

69,993
65,847


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



56 (2023 - 56) ordinary shares of £1 each
56
56



Page 9

 
FORWARD MOVEMENT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £9,364 (2023 - £9,054). Contributions totalling £1,924 (2023 - £1,809) were payable to the fund at the balance sheet date and are included in creditors.


14.


Transactions with the director

As at the year end, the company owed £30,757 to the director (2023 - £331,915 was owed by the director to the company). Interest has been charged on this loan. This loan is unsecured and repayable on demand.


15.


Related party transactions

No disclosure has been made of transactions with wholly owned group companies in accordance with
FRS 102 Section 1A paragraph 1AC.35.

 
Page 10