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REGISTERED NUMBER: 03255101 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

FORREST FABRICATIONS (ACCRINGTON)
LIMITED

FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORREST FABRICATIONS (ACCRINGTON)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mr F Forrest
Mrs E Forrest
Mrs J Blackshaw





SECRETARY: Mrs J Blackshaw





REGISTERED OFFICE: York House
York Street
Accrington
Lancashire
BB5 4BT





REGISTERED NUMBER: 03255101 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,240 49,193
36,240 49,193

CURRENT ASSETS
Stocks 32,200 36,150
Debtors 6 24,737 80,645
Cash at bank and in hand 79 78
57,016 116,873
CREDITORS
Amounts falling due within one year 7 117,756 132,333
NET CURRENT LIABILITIES (60,740 ) (15,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,500

)

33,733

CREDITORS
Amounts falling due after more than one
year

8

6,931

18,106
NET (LIABILITIES)/ASSETS (31,431 ) 15,627

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 9 9
Retained earnings (32,340 ) 14,718
SHAREHOLDERS' FUNDS (31,431 ) 15,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

BALANCE SHEET - continued
31ST MAY 2024


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 1st May 2025 and were signed on its behalf by:





Mr F Forrest - Director


FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Forrest Fabrications (Accrington) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been fully amortised in previous years and has a carrying value of £nil at the Balance Sheet date.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 87,500
AMORTISATION
At 1st June 2023
and 31st May 2024 87,500
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 32,433 32,760 18,837 1,345 85,375
Additions - - - 661 661
At 31st May 2024 32,433 32,760 18,837 2,006 86,036
DEPRECIATION
At 1st June 2023 13,731 10,326 10,780 1,345 36,182
Charge for year 3,244 8,191 2,014 165 13,614
At 31st May 2024 16,975 18,517 12,794 1,510 49,796
NET BOOK VALUE
At 31st May 2024 15,458 14,243 6,043 496 36,240
At 31st May 2023 18,702 22,434 8,057 - 49,193

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st June 2023
and 31st May 2024 17,250
DEPRECIATION
At 1st June 2023 4,313
Charge for year 4,313
At 31st May 2024 8,626
NET BOOK VALUE
At 31st May 2024 8,624
At 31st May 2023 12,937

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 24,095 75,942
Other debtors 642 4,703
24,737 80,645

FORREST FABRICATIONS (ACCRINGTON)
LIMITED (REGISTERED NUMBER: 03255101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 12,048 48,985
Hire purchase contracts 5,175 5,175
Trade creditors 24,740 26,050
Taxation and social security 29,598 21,785
Other creditors 46,195 30,338
117,756 132,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 6,500 12,500
Hire purchase contracts 431 5,606
6,931 18,106

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 5,606 10,781

Hire purchase contracts are secured on the assets to which they relate.