Adrian Forster Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04640149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Adrian Forster Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Forster

REGISTERED OFFICE:

Croft Farmhouse

Old Main Road

Costock

Loughborough

Leicestershire

LE12 6FX

REGISTERED NUMBER:

04640149 (England and Wales)

ACCOUNTANTS:

Franklins

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,775

2,088

1,775

2,088

CURRENT ASSETS

Debtors

6

-

30,996

CREDITORS

Amounts falling due within one year

7

14,762

3,236

NET CURRENT (LIABILITIES)/ASSETS

(14,762

)

27,760

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,987

)

29,848

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(12,988

)

29,847

SHAREHOLDERS' FUNDS

(12,987

)

29,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2023 and were signed by:

Mr A Forster - Director

1.	STATUTORY INFORMATION

Adrian Forster Limited 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

353,437

AMORTISATION

At 1 April 2022

and 31 March 2023

353,437

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

Goodwill arose on the purchase of the company's share in the partnership.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2022

and 31 March 2023

12,084

DEPRECIATION

At 1 April 2022

9,996

Charge for year

313

At 31 March 2023

10,309

NET BOOK VALUE

At 31 March 2023

1,775

At 31 March 2022

2,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Directors' current accounts

-

30,996

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Tax

-

2,402

Social security and other taxes

433

-

Directors' current accounts

13,189

-

Accruals and deferred income

1,140

834

14,762

3,236

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

Ordinary

1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

Mr A Forster

Balance outstanding at start of year

30,996

(7,894

)

Amounts advanced

12,358

62,277

Amounts repaid

(56,543

)

(23,387

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,189

)

30,996

Interest was charged on the overdrawn balance at a rate of 2.00% per annum.