Far Forest Stores Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09485411

Far Forest Stores Ltd

Filleted Unaudited Financial Statements

31 March 2025

Far Forest Stores Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	7		413,076	384,410

Current assets

Stocks		91,924	37,843
Debtors	8	465,456	435,261
Cash at bank and in hand		198,737	83,064
		-----------	-----------
		756,117	556,168

Creditors: amounts falling due within one year	9	492,094		399,877
		-----------		-----------
Net current assets			264,023	156,291
			-----------	-----------
Total assets less current liabilities			677,099	540,701

Creditors: amounts falling due after more than one year	10		6,403	16,400

Provisions

Taxation including deferred tax	50,462	41,539
	-----------	-----------
Net assets	620,234	482,762
	-----------	-----------

Far Forest Stores Ltd

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	11	100	100
Profit and loss account	12	620,134	482,662
		-----------	-----------
Shareholders funds		620,234	482,762
		-----------	-----------

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 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Mr Himat Singh Sangha

Director

Company registration number: 09485411

Far Forest Stores Ltd

Notes to the Financial Statements

Year Ended 31st 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 Londis, Cleobury Road, Kidderminster, West Midlands, DY14 9TF, United Kingdom.

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

Far Forest Stores Ltd is a company limited by shares incorporated in England within the United Kingdom. The registered office address is given in the company information on page 1 of these financial statements. The turnover shown in the Profit and Loss Account represents amounts derived from ordinary activities and is recognised at the point of sale. The turnover is stated after deduction of trade discounts and is net of Value Added Tax. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in UK sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

The turnover shown in the Profit and Loss Account represents amounts derived from ordinary activities and is recognised at the point of despatch. The turnover is stated after deduction of trade discounts and is net of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line, goodwill has been fully amortised.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

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:

Short Leasehold Property	-	Straight Line over 10 years
Fixtures and Fittings	-	15% reducing balance
Motor Vehicles	-	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. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Management staff	4	4
Number of other staff	12	8
	-----	-----
	16	12
	-----	-----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	151,147	91,110
Social security costs	5,764	3,076
Other pension costs	1,315	705
	-----------	----------
	158,226	94,891
	-----------	----------

5. Dividends

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):

	2025	2024
	£	£
Dividends on equity shares	–	60,000
	-----	----------

6. Intangible assets

	Goodwill
	£
Cost
At 1st April 2024 and 31st March 2025	280,000
	-----------
Amortisation
At 1st April 2024 and 31st March 2025	280,000
	-----------
Carrying amount
At 31st March 2025	–
	-----------
At 31st March 2024	–
	-----------

7. Tangible assets

	Short leasehold property	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1st April 2024	221,241	226,003	14,000	461,244
Additions	40,500	50,196	–	90,696
Disposals	( 20)	–	–	( 20)
	-----------	-----------	----------	-----------
At 31st March 2025	261,721	276,199	14,000	551,920
	-----------	-----------	----------	-----------
Depreciation
At 1st April 2024	24,324	40,378	12,132	76,834
Charge for the year	26,172	35,373	467	62,012
Disposals	( 2)	–	–	( 2)
	-----------	-----------	----------	-----------
At 31st March 2025	50,494	75,751	12,599	138,844
	-----------	-----------	----------	-----------
Carrying amount
At 31st March 2025	211,227	200,448	1,401	413,076
	-----------	-----------	----------	-----------
At 31st March 2024	196,917	185,625	1,868	384,410
	-----------	-----------	----------	-----------

8. Debtors

	2025	2024
	£	£
Prepayments	5,140	630
Other debtors	460,316	434,631
	-----------	-----------
	465,456	435,261
	-----------	-----------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,263	10,266
Trade creditors	57,224	171,090
Corporation tax	45,184	–
Social security and other taxes	4,523	2,477
Director's Loan Account	360,037	5,553
Accruals	12,200	13,499
Other creditors	2,663	196,992
	-----------	-----------
	492,094	399,877
	-----------	-----------

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	6,403	16,400
	--------	----------

11. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	-----	-----	-----	-----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	-----	-----	-----	-----

12. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

13. Directors' advances, credits and guarantees

The directors loan account was not overdrawn during the current or previous year.

14. Related party transactions

Controlling Party The company was controlled by the directors and members of their close family. Dividends paid during the year Dividends to directors Dividends paid to directors during the year was nil (2024 - £25,200). Dividends to shareholders Dividends paid to shareholders during the year was nil (2024 - £34,800) Others The directors and shareholders in Far Forest Stores Ltd are also directors and shareholders in two related companies. The following transactions occurred between Far Forest Stores Ltd and the related companies during the year: 2025 2024 £ £ Other creditor amount due to related company nil 195,123 Other debtor amount due from related companies 457,318 430,000