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REGISTERED NUMBER: 00669620 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FORTH ENGINEERING LIMITED

FORTH ENGINEERING LIMITED (REGISTERED NUMBER: 00669620)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FORTH ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: C T Wilkins



SECRETARY: S Wilkins



REGISTERED OFFICE: C/O Kingsbury Jig & Tool Group Limited
The Greenhouse London Road
Bassetts Pole
Sutton Coldfield
West Midlands
B75 5SA



REGISTERED NUMBER: 00669620 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Fletcher BSc ACA



AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

FORTH ENGINEERING LIMITED (REGISTERED NUMBER: 00669620)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 121

CURRENT ASSETS
Debtors 5 56,889 50,744
Prepayments and accrued income 3,879 3,192
Cash at bank and in hand 20,240 1,050
81,008 54,986
CREDITORS
Amounts falling due within one year 6 1,356,371 1,212,428
NET CURRENT LIABILITIES (1,275,363 ) (1,157,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,275,363

)

(1,157,321

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,275,463 ) (1,157,421 )
SHAREHOLDERS' FUNDS (1,275,363 ) (1,157,321 )

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 director and authorised for issue on 8 April 2025 and were signed by:





C T Wilkins - Director


FORTH ENGINEERING LIMITED (REGISTERED NUMBER: 00669620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Forth Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards. The policies have remained unchanged since the previous year.

The financial statements have been prepared on the going concern basis in light of the continued support from the ultimate controlling party and related companies of the ultimate controlling party.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Fixed assets are stated at historical cost.

Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:-

Plant and Machinery12.5% on cost
Motor Vehicles25% on cost
Fixtures and Fittings25% on cost
Computer Equipment20% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FORTH ENGINEERING LIMITED (REGISTERED NUMBER: 00669620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 75,771 64,304 20,000 27,671 187,746
DEPRECIATION
At 1 October 2023 75,771 64,304 20,000 27,550 187,625
Charge for year - - - 121 121
At 30 September 2024 75,771 64,304 20,000 27,671 187,746
NET BOOK VALUE
At 30 September 2024 - - - - -
At 30 September 2023 - - - 121 121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,270 50,744
Other debtors 30,619 -
56,889 50,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,776 14,202
Amounts owed to group undertakings 1,323,882 1,184,090
Taxation and social security 8,209 10,041
Other creditors 15,504 4,095
1,356,371 1,212,428

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Fletcher BSc ACA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

FORTH ENGINEERING LIMITED (REGISTERED NUMBER: 00669620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. OTHER FINANCIAL COMMITMENTS

The company has given a guarantee on behalf of related parties in relation to bank liabilities.

9. PENSION COMMITMENTS

The company operates a defined contribution scheme whose assets are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company and amounted to £13,438 (2023 £11,818). There was no prepaid contribution at the balance sheet date.