REGISTERED NUMBER: 12606277 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

FORD HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R N Rofe

REGISTERED OFFICE:

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

REGISTERED NUMBER:

12606277 (England and Wales)

ACCOUNTANTS:

Aspen Waite Limited

Chartered Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Tangible assets

4

378,953

299,004

CURRENT ASSETS

Debtors

5

629,429

195,746

CREDITORS

Amounts falling due within one year

6

(842,924

)

(395,002

)

NET CURRENT LIABILITIES

(213,495

)

(199,256

)

TOTAL ASSETS LESS CURRENT LIABILITIES

165,458

99,748

CREDITORS

Amounts falling due after more than one year

7

(128,000

)

-

NET ASSETS

37,458

99,748

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,358

99,648

37,458

99,748

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 director acknowledges his 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.

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 and authorised for issue by the director and authorised for issue on 18th September 2025 and were signed by:

Mr R N Rofe - Director

1.	STATUTORY INFORMATION

Ford Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

15% on cost

Kitchen, Plant & Machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office & Computer Equipment

-

33.33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Kitchen,

Fixtures

to

Plant &

and

property

Machinery

fittings

£

£

£

COST

At 1st June 2023

116,320

305,641

33,726

Additions

-

70,000

28,524

At 31st May 2024

116,320

375,641

62,250

DEPRECIATION

At 1st June 2023

36,620

159,251

18,545

Charge for year

17,418

54,097

12,452

At 31st May 2024

54,038

213,348

30,997

NET BOOK VALUE

At 31st May 2024

62,282

162,293

31,253

At 31st May 2023

79,700

146,390

15,181

Office &

Motor

Computer

vehicles

Equipment

Totals

£

£

£

COST

At 1st June 2023

57,500

7,072

520,259

Additions

106,667

-

205,191

At 31st May 2024

164,167

7,072

725,450

DEPRECIATION

At 1st June 2023

-

6,839

221,255

Charge for year

41,042

233

125,242

At 31st May 2024

41,042

7,072

346,497

NET BOOK VALUE

At 31st May 2024

123,125

-

378,953

At 31st May 2023

57,500

233

299,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/24

31/5/23

£

£

Trade debtors

442,889

76,900

Amounts owed by group undertakings

32,148

87,646

Other debtors

3,479

3,479

VAT

150,913

27,721

629,429

195,746

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/24

31/5/23

£

£

Bank loans and overdrafts

225,765

1,265

Trade creditors

292,841

170,598

Amounts owed to group undertakings

143,558

121,974

Corporation tax

100

-

Social security and other taxes

319

319

Directors' loan accounts

176,433

97,048

Accruals and deferred income

3,908

3,798

842,924

395,002

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/24

31/5/23

£

£

Hire purchase contracts

128,000

-