Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 03769323 Mr G Breakspear Mr D Watton Mrs D Breakspear Mrs D Breakspear iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03769323 2024-02-28 03769323 2025-02-28 03769323 2024-02-29 2025-02-28 03769323 frs-core:CurrentFinancialInstruments 2025-02-28 03769323 frs-core:FurnitureFittings 2025-02-28 03769323 frs-core:FurnitureFittings 2024-02-29 2025-02-28 03769323 frs-core:FurnitureFittings 2024-02-28 03769323 frs-core:MotorVehicles 2025-02-28 03769323 frs-core:MotorVehicles 2024-02-29 2025-02-28 03769323 frs-core:MotorVehicles 2024-02-28 03769323 frs-core:PlantMachinery 2025-02-28 03769323 frs-core:PlantMachinery 2024-02-29 2025-02-28 03769323 frs-core:PlantMachinery 2024-02-28 03769323 frs-core:ShareCapital 2025-02-28 03769323 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03769323 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 03769323 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 03769323 frs-bus:SmallEntities 2024-02-29 2025-02-28 03769323 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 03769323 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 03769323 frs-bus:Director1 2024-02-29 2025-02-28 03769323 frs-bus:Director2 2024-02-29 2025-02-28 03769323 frs-bus:Director3 2024-02-29 2025-02-28 03769323 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 03769323 frs-countries:EnglandWales 2024-02-29 2025-02-28 03769323 2023-02-28 03769323 2024-02-28 03769323 2023-03-01 2024-02-28 03769323 frs-core:CurrentFinancialInstruments 2024-02-28 03769323 frs-core:ShareCapital 2024-02-28 03769323 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 03769323
Forward 2000 (Oxon) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Robinson Ward Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 03769323
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,306 55,397
67,306 55,397
CURRENT ASSETS
Stocks 5 152,281 145,995
Debtors 6 710,130 786,360
Cash at bank and in hand 1,166,575 1,090,996
2,028,986 2,023,351
Creditors: Amounts Falling Due Within One Year 7 (841,441 ) (970,847 )
NET CURRENT ASSETS (LIABILITIES) 1,187,545 1,052,504
TOTAL ASSETS LESS CURRENT LIABILITIES 1,254,851 1,107,901
NET ASSETS 1,254,851 1,107,901
CAPITAL AND RESERVES
Called up share capital 8 120 120
Profit and Loss Account 1,254,731 1,107,781
SHAREHOLDERS' FUNDS 1,254,851 1,107,901
For the year ending 28 February 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Breakspear
Director
11th March 2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Forward 2000 (Oxon) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03769323 . The registered office is 74 Sandford Lane Industrial, Estate, Kennington, Oxford, OX1 5RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 25
Fixtures & Fittings 15%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 12)
15 12
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Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 29 February 2024 149,506 - 32,490 181,996
Additions - 23,100 - 23,100
As at 28 February 2025 149,506 23,100 32,490 205,096
Depreciation
As at 29 February 2024 95,067 - 31,532 126,599
Provided during the period 8,161 2,887 143 11,191
As at 28 February 2025 103,228 2,887 31,675 137,790
Net Book Value
As at 28 February 2025 46,278 20,213 815 67,306
As at 29 February 2024 54,439 - 958 55,397
5. Stocks
2025 2024
£ £
Stock 152,281 145,995
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 708,947 785,177
Prepayments and accrued income 1,183 1,183
710,130 786,360
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 572,659 700,014
Corporation tax 145,205 139,156
Other taxes and social security 9,150 8,115
VAT 45,998 48,827
Accruals 10,215 9,470
Directors' loan accounts 58,214 65,265
841,441 970,847
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 120 120
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