REGISTERED NUMBER: 03043589 (England and Wales)

Forest Taxis Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr S Keski

SECRETARY:

Mrs E Keski

REGISTERED OFFICE:

1E North Crescent

London

E16 4TG

REGISTERED NUMBER:

03043589 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Forest Taxis Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Forest Taxis Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forest Taxis Limited and state those matters that we have agreed to state to the director of Forest Taxis Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forest Taxis Limited and its director for our work or for this report.

It is your duty to ensure that Forest Taxis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forest Taxis Limited. You consider that Forest Taxis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forest Taxis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

15 October 2025

FIXED ASSETS

Property, plant and equipment

4

1,174,956

1,182,964

CURRENT ASSETS

Debtors

5

176,852

23,030

Cash at bank and in hand

4,089

63,550

180,941

86,580

CREDITORS

Amounts falling due within one year

6

377,369

193,670

NET CURRENT LIABILITIES

(196,428

)

(107,090

)

TOTAL ASSETS LESS CURRENT LIABILITIES

978,528

1,075,874

CREDITORS

Amounts falling due after more than one year

7

(869,649

)

(903,083

)

PROVISIONS FOR LIABILITIES

9

(191,179

)

(190,653

)

NET LIABILITIES

(82,300

)

(17,862

)

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

(82,302

)

(17,864

)

SHAREHOLDERS' FUNDS

(82,300

)

(17,862

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

Mr S Keski - Director

1.	STATUTORY INFORMATION

Forest Taxis 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from ordinary activities of the business and is recognised when the right to consideration is due.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Motor vehicles

-

10% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

The financial statements have been prepared on the going concern basis on the grounds that the director will continue to provide sufficient finance to meet the liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

1,960,119

Additions

241,250

Disposals

(84,091

)

At 31 March 2025

2,117,278

DEPRECIATION

At 1 April 2024

777,155

Charge for year

188,770

Eliminated on disposal

(23,603

)

At 31 March 2025

942,322

NET BOOK VALUE

At 31 March 2025

1,174,956

At 31 March 2024

1,182,964

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

1,220,321

Additions

195,000

Disposals

(58,318

)

At 31 March 2025

1,357,003

DEPRECIATION

At 1 April 2024

203,400

Charge for year

133,351

Eliminated on disposal

(11,664

)

At 31 March 2025

325,087

NET BOOK VALUE

At 31 March 2025

1,031,916

At 31 March 2024

1,016,921

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

204

-

Other debtors

176,648

23,030

176,852

23,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

12,000

12,000

Hire purchase contracts (see note 8)

169,569

136,006

Trade creditors

171,046

12,740

Taxation and social security

3,862

9,691

Other creditors

20,892

23,233

377,369

193,670

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,000

15,000

Hire purchase contracts (see note 8)

866,649

888,083

869,649

903,083

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

169,569

136,006

Between one and five years

866,649

888,083

1,036,218

1,024,089

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

191,179

190,653

Deferred

tax

£

Balance at 1 April 2024

190,653

Charge to Income Statement during year

526

Balance at 31 March 2025

191,179

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 April 2024

(17,864

)

Deficit for the year

(64,438

)

At 31 March 2025

(82,302

)

12.	RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

Amount due to related party at balance sheet date £17,582 (2024: £8,615)-an interest-free loan is payable on demand and is presented within the creditors' note.

During the year company paid rent of £4,800 to the director for the use of residence as office.