John Forrester Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06855602 (England and Wales)

John Forrester Limited

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Forrester

REGISTERED OFFICE:

First Floor 19-21 Chapel Brow

Leyland

Preston

Lancashire

PR25 3NH

REGISTERED NUMBER:

06855602 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Intangible assets

4

75,000

82,500

Tangible assets

5

7,114

8,555

82,114

91,055

CURRENT ASSETS

Amounts recoverable on

contracts

92,415

57,628

Cash at bank

69,176

51,002

161,591

108,630

CREDITORS

Amounts falling due within one year

6

60,220

52,987

NET CURRENT ASSETS

101,371

55,643

TOTAL ASSETS LESS CURRENT LIABILITIES

183,485

146,698

PROVISIONS FOR LIABILITIES

7

1,209

1,439

NET ASSETS

182,276

145,259

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

182,176

145,159

SHAREHOLDERS' FUNDS

182,276

145,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 17 October 2019 and were signed by:

J Forrester - Director

1.	STATUTORY INFORMATION

John Forrester 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

Revenue is recognised, in respect of contracts where the company's contractual obligations are

performed gradually over time, as contract activity progresses to reflect the company's partial

performance of its contractual obligations. The amount of revenue reflects the accrual of the right to

consideration as contract activity progresses by reference to value of the work performed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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.

Fixtures and fittings

-

25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual

arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

Taxation

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

Income and Retained Earnings, 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 5 (2018 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

150,000

AMORTISATION

At 1 April 2018

67,500

Amortisation for year

7,500

At 31 March 2019

75,000

NET BOOK VALUE

At 31 March 2019

75,000

At 31 March 2018

82,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2018

20,862

Additions

930

At 31 March 2019

21,792

DEPRECIATION

At 1 April 2018

12,307

Charge for year

2,371

At 31 March 2019

14,678

NET BOOK VALUE

At 31 March 2019

7,114

At 31 March 2018

8,555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Corporation tax

35,829

28,490

Social security and other taxes

3,377

2,544

VAT

15,503

17,330

Directors' current accounts

1,545

1,564

Accrued expenses

3,966

3,059

60,220

52,987

The amount due to the director is unsecured, interest free and has no fixed repayment terms.

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

Accelerated capital allowances

1,209

1,439

Deferred

tax

£

Balance at 1 April 2018

1,439

Credit to Income Statement during year

(230

)

Balance at 31 March 2019

1,209

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

9.	RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by Mr J Forrester by virtue of his shareholding.