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REGISTERED NUMBER: 01013691 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Forwessun International Limited

Forwessun International Limited (Registered number: 01013691)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Forwessun International Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A Thomas
Mr A L Thomas





REGISTERED OFFICE: The Printworks Woodend Industrial Estate
Woodend Avenue
Speke
Merseyside
L24 9NB





REGISTERED NUMBER: 01013691 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

Forwessun International Limited (Registered number: 01013691)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621,017 706,032

CURRENT ASSETS
Stocks 653,009 549,003
Debtors 5 464,908 678,808
Investments 6 222,064 222,064
Cash at bank and in hand 11,269 275,190
1,351,250 1,725,065
CREDITORS
Amounts falling due within one year 7 826,214 946,303
NET CURRENT ASSETS 525,036 778,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,146,053

1,484,794

CREDITORS
Amounts falling due after more than one
year

8

(503,477

)

(787,946

)

PROVISIONS FOR LIABILITIES (85,402 ) (57,753 )
NET ASSETS 557,174 639,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 557,074 638,995
557,174 639,095

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

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

Forwessun International Limited (Registered number: 01013691)

Balance Sheet - continued
31 December 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 6 August 2025 and were signed on its behalf by:





Mr A Thomas - Director


Forwessun International Limited (Registered number: 01013691)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Forwessun International 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Forwessun International Limited (Registered number: 01013691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 34 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 253,977 711,272 150,194 112,768 1,228,211
Additions - 8,583 12,860 - 21,443
Disposals - (16,947 ) (13,933 ) (39,014 ) (69,894 )
At 31 December 2024 253,977 702,908 149,121 73,754 1,179,760
DEPRECIATION
At 1 January 2024 54,725 266,513 115,415 85,526 522,179
Charge for year 25,398 43,962 11,336 5,834 86,530
Eliminated on disposal - (3,220 ) (11,638 ) (35,108 ) (49,966 )
At 31 December 2024 80,123 307,255 115,113 56,252 558,743
NET BOOK VALUE
At 31 December 2024 173,854 395,653 34,008 17,502 621,017
At 31 December 2023 199,252 444,759 34,779 27,242 706,032

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 326,419 563,982
Amounts owed by participating interests 680 51,959
Other debtors 62,867 62,867
Prepayments and accrued income 61,515 -
Prepayments 13,427 -
464,908 678,808

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Shares in group undertakings 222,064 222,064

Forwessun International Limited (Registered number: 01013691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 9,181 22,930
Other loans 16,794 16,794
Finance leases - 14,840
Trade creditors 154,828 283,098
Amounts owed to group undertakings 18,662 156,081
Social security and other taxes 20,469 22,357
VAT 75,660 79,615
Other creditors 4,221 4,058
Directors' current accounts 423,399 293,530
Accrued expenses 103,000 53,000
826,214 946,303

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 33,346 53,355
Finance leases 80,261 103,064
Amounts owed to participating interests 389,870 631,527
503,477 787,946