Company Registration No. 07586970 (England and Wales)
FWD (UK) Limited
Unaudited accounts
for the year ended 31 March 2025
FWD (UK) Limited
Unaudited accounts
Contents
FWD (UK) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
37,914
29,147
Cash at bank and in hand
372,554
294,029
Creditors: amounts falling due within one year
(146,029)
(494,390)
Net current assets
476,466
483,571
Total assets less current liabilities
514,380
512,718
Creditors: amounts falling due after more than one year
(20,000)
(40,000)
Net assets
494,380
472,718
Called up share capital
100
100
Profit and loss account
494,280
472,618
Shareholders' funds
494,380
472,718
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by
Paul Williams
Director
Company Registration No. 07586970
FWD (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025
FWD (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 07586970. The registered office is Unit 15, Carlyon Road, Atherstone, CV9 1LQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
FWD (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
155,469
70,907
30,113
256,489
Additions
18,555
-
3,196
21,751
Disposals
-
-
(8,010)
(8,010)
At 31 March 2025
174,024
70,907
25,299
270,230
At 1 April 2024
131,901
66,027
29,414
227,342
Charge for the year
10,845
1,221
918
12,984
On disposals
-
-
(8,010)
(8,010)
At 31 March 2025
142,746
67,248
22,322
232,316
At 31 March 2025
31,278
3,659
2,977
37,914
At 31 March 2024
23,568
4,880
699
29,147
Amounts falling due within one year
Trade debtors
7,188
329,059
Amounts due from group undertakings etc.
230,124
353,188
Accrued income and prepayments
12,629
1,685
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
20,000
20,000
Trade creditors
53,983
364,844
Taxes and social security
44,726
67,748
Loans from directors
4,646
6,680
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Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
FWD (UK) Limited
Notes to the Accounts
for the year ended 31 March 2025
The company is a 100% subsidiary of FWD (UK) Holdings Limited. During the year dividends of £115,000 were paid.
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Average number of employees
During the year the average number of employees was 5 (2024: 5).