Micro-entity Accounts - DOUGLAS FORSYTH LIMITED

DOUGLAS FORSYTH LIMITED Registered Number 07827574

Micro-entity Balance Sheet as at 31 March 2026

	2026	2025
	£	£
Fixed Assets	593	312
Current Assets	11,251	14,979
Prepayments and accrued income	2,673	1,525
Creditors: amounts falling due within one year	(13,798)	(10,643)
Net current assets (liabilities)	126	5,861
Total assets less current liabilities	719	6,173
Provisions for liabilities	(120)	(61)
Accruals and deferred income	0	(8)
Total net assets (liabilities)	599	6,104
Capital and reserves	599	6,104

For the year ending 31 March 2026 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 October 2026

And signed on their behalf by:
Douglas Forsyth, Director

Footnotes:

Advances and credits
The amount owed by the director to the Company at 01 April 2025 was £6,235. During the year loans and other advances of £34,815 were made to the director, and loan repayments and other credits of £42,546 were received from the director. The amount owed by the Company to the director at the period end was £1,496. The maximum amount due to the Company from the director during the year was £9,685. All advances are repayable on demand, interest free and unsecured. No amounts have
been written off or waived during the year.

DOUGLAS FORSYTH LIMITED Registered Number 07827574

Notes to the Micro-entity Accounts for the period ended 31 March 2026

1Employees

	2026	2025
Average number of employees during the period	1	1

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Revenue from a contract to provide services is recognised in the period in which the services are provided in
accordance with the stage of completion of the contract when all the following conditions are
satisfied: the amount of revenue can be measured reliably; it is probable that the Company will
receive the consideration due under the contract; the stage of completion of the contract at the end
of the reporting period can be measured reliably; and the costs incurred and the costs to complete
the contract can be measured reliably.

Tangible assets depreciation policy
Tangible fixed assets. Tangible fixed assets are stated at historical cost less accumulated
depreciation and any accumulated impairment losses. Historical cost includes expenditure that is
directly attributable to bringing the asset to the location and condition necessary for it to be capable
of operating in the manner intended by management. Depreciation is charged so as to allocate the
cost of assets less their residue value over their estimated useful lives, using the straight-line method
as follows: Computer equipment - 33.3 percent straight-line over 3 years; Furniture, fixtures and
fittings - 25 percent straight-line over 4 years