Forest Communications Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08464308 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

FOREST COMMUNICATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Worboys

SECRETARY:

REGISTERED OFFICE:

Stable Block Warwick House

116 Palmerston Road

Buckhurst Hill

Essex

IG9 5LQ

REGISTERED NUMBER:

08464308 (England and Wales)

ACCOUNTANTS:

Tish Press & Company

Create Business Hub

Ground Floor

5 Rayleigh Road

Shenfield, Brentwood

Essex

CM13 1AB

FIXED ASSETS

Tangible assets

4

1,769

2,359

CURRENT ASSETS

Cash at bank and in hand

474,080

360,284

CREDITORS

Amounts falling due within one year

5

261,911

243,622

NET CURRENT ASSETS

212,169

116,662

TOTAL ASSETS LESS CURRENT LIABILITIES

213,938

119,021

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

213,838

118,921

SHAREHOLDERS' FUNDS

213,938

119,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2022 and were signed by:

B Worboys - Director

1.	STATUTORY INFORMATION

Forest Communications Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2021

and 31 March 2022

9,244

DEPRECIATION

At 1 April 2021

6,885

Charge for year

590

At 31 March 2022

7,475

NET BOOK VALUE

At 31 March 2022

1,769

At 31 March 2021

2,359

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

90,523

100,000

Trade creditors

73,253

60,278

Tax

55,945

35,040

Social security and other taxes

(302

)

-

VAT

24,988

22,365

Other creditors

16,504

172

Directors' current accounts

-

24,767

Accruals and deferred income

1,000

1,000

261,911

243,622