Forward Press Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12734871

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		3,393
Investments	5		1		1

			1		3,394
CURRENT ASSETS
Debtors	6	353,222		102,121
Cash at bank and in hand		330		603

		353,552		102,724
Creditors: Amounts Falling Due Within One Year	7	(318,743 )		(68,888 )

NET CURRENT ASSETS (LIABILITIES)			34,809		33,836

TOTAL ASSETS LESS CURRENT LIABILITIES			34,810		37,230

NET ASSETS			34,810		37,230

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			34,710		37,130

SHAREHOLDERS' FUNDS			34,810		37,230

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Forward Press Ltd

Balance Sheet (continued)

As At 31 December 2024

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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Ankers

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Forward Press Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12734871 . The registered office is The Barn Calcot Mount, Calcot Lane, Curdridge, Hampshire, SO32 2BN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

33% Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Recharging of Expenses

During its operations, the business incurs expenses on behalf of other entities within the group, which are subsequently recharged at cost. These recharges primarily arise due to administrative errors where invoices have been initially directed to the incorrect entity.

To ensure that the financial statements present a true and fair view without overstating the revenue or expenses of any individual entity, recharged expenses are netted off in the profit and loss account. Specifically, the expense initially recorded in the entity that received the invoice in error is offset by the corresponding recharge to the correct entity.

This policy of netting off is adopted to avoid inflating both income and expenses, thereby providing a more accurate representation of the financial performance of each entity within the Group.

2.7. Investment in subsidiary

Investement in subsidiary undertalkings are stated at costs less provision for impairment.

Cost represent the fair value of consideration paid, which in the case of the investment in the subsidiary is £1.

At each reporting date, the company reviews the carrying value of the investment for indications of impairment. If there is objective evidence that the investment is impaired, the carrying amount is written down to its recoverable amount, and the impairment loss is recognized in the income statement.

Where the reasons for previously recognised impairment losses no longer apply, those impairment losses are reversed through the income statement, up to the original cost of the investment.

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Forward Press Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 11)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	6,377
Disposals	(6,377 )

As at 31 December 2024	-

Depreciation
As at 1 January 2024	2,984
Provided during the period	1,053
Disposals	(4,037 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	3,393

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	1

As at 31 December 2024	1

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1

As at 1 January 2024	1

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	353,222	-
Amounts owed by group undertakings	-	98,570
Other debtors	-	3,551

	353,222	102,121

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Forward Press Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	18,730	4,528
Amounts owed to group undertakings	299,846	-
Other creditors	6	638
Taxation and social security	161	63,722

	318,743	68,888

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

The company has taken the exemption available under FRS 102 section 33.1a, whereby it is not required to disclose transactions with group companies. The directors have reviewed other related party transactions, these are deemed to have been concluded under normal market conditions and do not require additional disclosure in the financial statements.

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