Forbes Retail Consultancy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08013030

FORBES RETAIL CONSULTANCY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

FORBES RETAIL CONSULTANCY LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

FORBES RETAIL CONSULTANCY LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	Miss J Forbes

Registered office	168 Church Road
	Hove
	East Sussex
	BN3 2DL

Accountants	UHY Hacker Young (S.E.) Limited
	Chartered accountants
	168 Church Road
	Hove
	East Sussex
	BN3 2DL

FORBES RETAIL CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		461	615

Current assets

Debtors	5	208	311
Cash at bank and in hand		2,359	4,887
		-------	-------
		2,567	5,198

Creditors: amounts falling due within one year	6	12,959		10,092
		---------		---------
Net current liabilities			10,392	4,894
			---------	-------
Total assets less current liabilities			( 9,931)	( 4,279)
			-------	-------
Net liabilities			( 9,931)	( 4,279)
			-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 9,932)	( 4,280)
	-------	-------
Shareholders deficit	( 9,931)	( 4,279)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

FORBES RETAIL CONSULTANCY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Miss J Forbes
Director

Company registration number: 08013030

FORBES RETAIL CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	4,498	4,498
	-------	-------
Depreciation
At 1 April 2024	3,883	3,883
Charge for the year	154	154
	-------	-------
At 31 March 2025	4,037	4,037
	-------	-------
Carrying amount
At 31 March 2025	461	461
	-------	-------
At 31 March 2024	615	615
	-------	-------

5. Debtors

	2025	2024
	£	£
Other debtors	208	311
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	12,959	10,092
	---------	---------

7. Director's advances, credits and guarantees

As at 31 March 2025 the company owed the director £12,149 (2024: £9,292).

8. Related party transactions

The company was under the control of Miss Forbes throughout the current period. Miss Forbes is the managing director and majority shareholder.