Silverfin false false 31/12/2024 01/01/2024 31/12/2024 L H Rayner 07/12/2020 25 May 2025 The principal activity of the Company during the financial year was that of buying cleaning machinery for forecourts. 13068651 2024-12-31 13068651 bus:Director1 2024-12-31 13068651 2023-12-31 13068651 core:CurrentFinancialInstruments 2024-12-31 13068651 core:CurrentFinancialInstruments 2023-12-31 13068651 core:Non-currentFinancialInstruments 2024-12-31 13068651 core:Non-currentFinancialInstruments 2023-12-31 13068651 core:ShareCapital 2024-12-31 13068651 core:ShareCapital 2023-12-31 13068651 core:SharePremium 2024-12-31 13068651 core:SharePremium 2023-12-31 13068651 core:RetainedEarningsAccumulatedLosses 2024-12-31 13068651 core:RetainedEarningsAccumulatedLosses 2023-12-31 13068651 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 13068651 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-12-31 13068651 core:PlantMachinery 2023-12-31 13068651 core:Vehicles 2023-12-31 13068651 core:PlantMachinery 2024-12-31 13068651 core:Vehicles 2024-12-31 13068651 bus:OrdinaryShareClass1 2024-12-31 13068651 2024-01-01 2024-12-31 13068651 bus:FilletedAccounts 2024-01-01 2024-12-31 13068651 bus:SmallEntities 2024-01-01 2024-12-31 13068651 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13068651 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13068651 bus:Director1 2024-01-01 2024-12-31 13068651 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2024-01-01 2024-12-31 13068651 core:PlantMachinery 2024-01-01 2024-12-31 13068651 core:Vehicles 2024-01-01 2024-12-31 13068651 2023-01-01 2023-12-31 13068651 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 13068651 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 13068651 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 13068651 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13068651 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13068651 (England and Wales)

FORECOURT LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

FORECOURT LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

FORECOURT LTD

BALANCE SHEET

As at 31 December 2024
FORECOURT LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,573 0
Tangible assets 4 280,094 206,087
281,667 206,087
Current assets
Debtors 5 106,090 49,312
Cash at bank and in hand 143,757 53,846
249,847 103,158
Creditors: amounts falling due within one year 6 ( 232,385) ( 171,715)
Net current assets/(liabilities) 17,462 (68,557)
Total assets less current liabilities 299,129 137,530
Creditors: amounts falling due after more than one year 7 ( 17,240) ( 23,240)
Net assets 281,889 114,290
Capital and reserves
Called-up share capital 8 4 4
Share premium account 49,999 49,999
Profit and loss account 231,886 64,287
Total shareholders' funds 281,889 114,290

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Forecourt Ltd (registered number: 13068651) were approved and authorised for issue by the Director on 25 May 2025. They were signed on its behalf by:

L H Rayner
Director
FORECOURT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
FORECOURT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Forecourt Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2-4 Acland Road, Bournemouth, BH9 1JJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Website costs Total
£ £
Cost
At 01 January 2024 0 0
Additions 1,600 1,600
At 31 December 2024 1,600 1,600
Accumulated amortisation
At 01 January 2024 0 0
Charge for the financial year 27 27
At 31 December 2024 27 27
Net book value
At 31 December 2024 1,573 1,573
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 January 2024 221,245 40,350 261,595
Additions 130,909 0 130,909
At 31 December 2024 352,154 40,350 392,504
Accumulated depreciation
At 01 January 2024 54,778 730 55,508
Charge for the financial year 48,978 7,924 56,902
At 31 December 2024 103,756 8,654 112,410
Net book value
At 31 December 2024 248,398 31,696 280,094
At 31 December 2023 166,467 39,620 206,087

5. Debtors

2024 2023
£ £
Trade debtors 105,850 49,312
Other debtors 240 0
106,090 49,312

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,768 3,940
Corporation tax 13,576 0
Other taxation and social security 38,533 14,687
Obligations under finance leases and hire purchase contracts 6,000 6,000
Other creditors 167,508 147,088
232,385 171,715

Hire purchase contracts are secured by the assets to which they are related.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 17,240 23,240

Hire purchase contracts are secured by the assets to which they are related.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each 4 4