Company Registration No. 12934896 (England and Wales)
Forresters Builders Merchants Ltd.
Unaudited accounts
for the year ended 31 October 2024
Forresters Builders Merchants Ltd.
Unaudited accounts
Contents
Forresters Builders Merchants Ltd.
Company Information
for the year ended 31 October 2024
Director
Parshotam Lal Chort
Company Number
12934896 (England and Wales)
Registered Office
12 AULT STREET
WEST BROMWICH
WEST MIDLANDS
B70 7HA
UNITED KINGDOM
Accountants
More Professional Services
234
Oak Road
West Bromwich
West Midlands
B70 8HL
Forresters Builders Merchants Ltd.
Statement of financial position
as at 31 October 2024
Intangible assets
19,151
19,151
Tangible assets
7,071
8,838
Inventories
144,900
166,875
Cash at bank and in hand
2,557
758
Creditors: amounts falling due within one year
(147,472)
(91,298)
Net current assets
12,097
85,085
Total assets less current liabilities
38,319
113,074
Creditors: amounts falling due after more than one year
(320,968)
(306,107)
Net liabilities
(282,649)
(193,033)
Called up share capital
1
1
Profit and loss account
(282,650)
(193,034)
Shareholders' funds
(282,649)
(193,033)
For the year ending 31 October 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 19 July 2025 and were signed on its behalf by
Parshotam Lal Chort
Director
Company Registration No. 12934896
Forresters Builders Merchants Ltd.
Notes to the Accounts
for the year ended 31 October 2024
Forresters Builders Merchants Ltd. is a private company, limited by shares, registered in England and Wales, registration number 12934896. The registered office is 12 AULT STREET, WEST BROMWICH, WEST MIDLANDS, B70 7HA, UNITED KINGDOM.
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.
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:
Intangible fixed assets (including purchased goodwill) are included at cost.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2023
10,000
9,151
19,151
At 31 October 2024
10,000
9,151
19,151
At 31 October 2024
10,000
9,151
19,151
At 31 October 2023
10,000
9,151
19,151
Forresters Builders Merchants Ltd.
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
12,500
3,132
15,632
At 31 October 2024
12,500
3,132
15,632
At 1 November 2023
5,433
1,361
6,794
Charge for the year
1,413
354
1,767
At 31 October 2024
6,846
1,715
8,561
At 31 October 2024
5,654
1,417
7,071
At 31 October 2023
7,067
1,771
8,838
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
34,856
19,327
Obligations under finance leases and hire purchase contracts
-
1,038
Trade creditors
101,614
64,786
Taxes and social security
965
729
Other creditors
8,114
3,000
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
64,500
69,000
Loans from directors
256,468
237,107
9
Transactions with related parties
Other loan of £ 64500 was related to party transaction on the grounds that it has not been concluded under normal market conditions. The parties are directly or indirectly related to the director of the company.
Forresters Builders Merchants Ltd.
Notes to the Accounts
for the year ended 31 October 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).