REGISTERED NUMBER: 06244952 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

FOREST VIEW (I.W.) LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr G Hollis

Mrs M Hollis

SECRETARY:

Mrs M Hollis

REGISTERED OFFICE:

1 Verwood Cottages

Forest Road

Newport

Isle of Wight

PO30 5NA

REGISTERED NUMBER:

06244952 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

73,723

98,574

73,723

98,574

CURRENT ASSETS

Stocks

199,975

196,558

Debtors

6

7,669

51,612

Cash at bank and in hand

9,809

10,848

217,453

259,018

CREDITORS

Amounts falling due within one year

7

183,823

232,182

NET CURRENT ASSETS

33,630

26,836

TOTAL ASSETS LESS CURRENT LIABILITIES

107,353

125,410

CREDITORS

Amounts falling due after more than one year

8

(18,008

)

(30,016

)

PROVISIONS FOR LIABILITIES

(8,218

)

(12,923

)

NET ASSETS

81,127

82,471

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

81,125

82,469

SHAREHOLDERS' FUNDS

81,127

82,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

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 19 September 2025 and were signed on its behalf by:

Mr G Hollis - Director

1.	STATUTORY INFORMATION

Forest View (I.W.) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

30% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 December 2023

and 30 December 2024

61,600

AMORTISATION

At 31 December 2023

and 30 December 2024

61,600

NET BOOK VALUE

At 30 December 2024

-

At 30 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2023

345,825

Additions

500

At 30 December 2024

346,325

DEPRECIATION

At 31 December 2023

247,251

Charge for year

25,351

At 30 December 2024

272,602

NET BOOK VALUE

At 30 December 2024

73,723

At 30 December 2023

98,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

7,669

51,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

35,360

42,383

Trade creditors

110,690

100,753

Taxation and social security

26,443

32,652

Other creditors

11,330

56,394

183,823

232,182

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

18,008

30,016

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 December 2024 and 30 December 2023:

2024

2023

£

£

Mr G Hollis and Mrs M Hollis

Balance outstanding at start of year

40,885

8,593

Amounts advanced

27,241

161,264

Amounts repaid

(68,126

)

(128,972

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

40,885