REGISTERED NUMBER: 04831666 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FORGET ME KNOT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J Beason

REGISTERED OFFICE:

40 Lindridge Lane

Desford

Leicester

Leicestershire

LE9 9GN

REGISTERED NUMBER:

04831666 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,500

2,703

2,500

2,703

CURRENT ASSETS

Stocks

6

44,465

56,702

Debtors

7

1,845

3,842

Cash at bank and in hand

36,468

33,730

82,778

94,274

CREDITORS

Amounts falling due within one year

8

48,242

51,152

NET CURRENT ASSETS

34,536

43,122

TOTAL ASSETS LESS CURRENT LIABILITIES

37,036

45,825

CREDITORS

Amounts falling due after more than one year

9

19,074

23,567

NET ASSETS

17,962

22,258

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,862

22,158

SHAREHOLDERS' FUNDS

17,962

22,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 29 October 2025 and were signed by:

Mrs J Beason - Director

1.	STATUTORY INFORMATION

Forget Me Knot 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 comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on receipt of the goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was previously amortised evenly over twenty years but as of 1 February 2015, is being amortised over its remaining life of five 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.

Fixtures and fittings

-

15% on reducing balance

Stocks

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

12,000

AMORTISATION

At 1 February 2024

and 31 January 2025

12,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

18,406

-

18,406

Additions

-

303

303

At 31 January 2025

18,406

303

18,709

DEPRECIATION

At 1 February 2024

15,703

-

15,703

Charge for year

406

100

506

At 31 January 2025

16,109

100

16,209

NET BOOK VALUE

At 31 January 2025

2,297

203

2,500

At 31 January 2024

2,703

-

2,703

6.

STOCKS

2025

2024

£

£

Stocks

44,465

56,702

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

744

1,167

Prepayments

1,101

2,675

1,845

3,842

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

5,000

Trade creditors

7,814

121

Paye/Ni payable

169

974

Vat liability

514

10,461

Other creditors

2,560

1,703

Directors' loan accounts

29,650

29,338

Accrued expenses

2,535

3,555

48,242

51,152

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

5,000

5,000

Bank loans - 2-5 years

14,074

18,567

19,074

23,567