Company Registration No. SC255920 (Scotland)
Forthshore Enterprises Limited
Unaudited accounts
for the year ended 31 March 2025
Forthshore Enterprises Limited
Unaudited accounts
Contents
Forthshore Enterprises Limited
Company Information
for the year ended 31 March 2025
Company Number
SC255920 (Scotland)
Registered Office
Jesmond Old Town
Ayton
Eyemouth
TD14 5RA
United Kingdom
Accountants
Graham Reid Accountancy
Industrial Estate
Coldingham Road
Eyemouth
TD14 5AN
Forthshore Enterprises Limited
Statement of financial position
as at 31 March 2025
Intangible assets
114,500
114,500
Tangible assets
913,382
935,444
Cash at bank and in hand
78,647
62,170
Creditors: amounts falling due within one year
(126,147)
(120,505)
Net current liabilities
(47,500)
(56,572)
Total assets less current liabilities
980,382
993,372
Creditors: amounts falling due after more than one year
-
(6,289)
Provisions for liabilities
Deferred tax
(228,345)
(271,214)
Net assets
752,037
715,869
Called up share capital
100
100
Profit and loss account
751,937
715,769
Shareholders' funds
752,037
715,869
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 director acknowledges his 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 and authorised for issue on 11 December 2025 and were signed on its behalf by
Bryan Blackie
Director
Company Registration No. SC255920
Forthshore Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2025
Forthshore Enterprises Limited is a private company, limited by shares, registered in Scotland, registration number SC255920. The registered office is Jesmond Old Town, Ayton, Eyemouth, TD14 5RA, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of value added tax.
Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of
each asset over its estimated useful life. Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Plant & machinery
Nil & 20% RB
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The following assets and liabilities are classified as financial instruments - trade creditors and directors' loans.
Directors' loans (being repayable on demand) and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Forthshore Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2025
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
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.
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the
going concern basis in preparing these financial statements.
4
Intangible fixed assets
Other
Forthshore Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,510,931
45,490
1,556,421
Disposals
(4,924)
-
(4,924)
At 31 March 2025
1,527,017
45,490
1,572,507
At 1 April 2024
595,637
25,340
620,977
Charge for the year
34,118
4,030
38,148
At 31 March 2025
629,755
29,370
659,125
At 31 March 2025
897,262
16,120
913,382
At 31 March 2024
915,294
20,150
935,444
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
5,032
Trade creditors
6,246
5,188
Taxes and social security
38,645
(7,828)
Other creditors
71
(5,247)
Loans from directors
80,542
120,610
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
6,289
9
Average number of employees
During the year the average number of employees was 2 (2024: 4).