Company Registration No. 07041918 (England and Wales)
More Forward Ltd
Unaudited accounts
for the year ended 31 December 2024
More Forward Ltd
Unaudited accounts
Contents
More Forward Ltd
Company Information
for the year ended 31 December 2024
Company Number
07041918 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
More Forward Ltd
Accountants' report
Accountants' report to the director of More Forward Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
More Forward Ltd for the year ended
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of More Forward Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of More Forward Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than More Forward Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that More Forward Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of More Forward Ltd. You consider that More Forward Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of More Forward Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
28 March 2025
More Forward Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
3,102
3,425
Cash at bank and in hand
2,458
15,242
Creditors: amounts falling due within one year
(48,660)
(44,309)
Net current (liabilities)/assets
(16,202)
15,933
Net (liabilities)/assets
(13,100)
19,358
Called up share capital
1
1
Profit and loss account
(13,101)
19,357
Shareholders' funds
(13,100)
19,358
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2025 and were signed on its behalf by
M Ballard
Director
Company Registration No. 07041918
More Forward Ltd
Notes to the Accounts
for the year ended 31 December 2024
More Forward Ltd is a private company, limited by shares, registered in England and Wales, registration number 07041918. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
5,434
19,769
25,203
At 31 December 2024
5,434
20,217
25,651
At 1 January 2024
5,083
16,695
21,778
Charge for the year
70
701
771
At 31 December 2024
5,153
17,396
22,549
At 31 December 2024
281
2,821
3,102
At 31 December 2023
351
3,074
3,425
More Forward Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(3,212)
253
Loans from directors
24,997
22,873
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Accounts
(22,873)
(25,099)
(22,975)
(24,997)
(22,873)
(25,099)
(22,975)
(24,997)
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).