Company Registration No. 05237850 (England and Wales)
Stourport Forward Limited
Unaudited accounts
for the year ended 31 March 2022
Stourport Forward Limited
Unaudited accounts
Contents
Stourport Forward Limited
Company Information
for the year ended 31 March 2022
Directors
Claire Powell-Barnett
Christopher Rogers
David Willetts
Anne Eliza Botham
Nicholas Jethwa
Company Number
05237850 (England and Wales)
Registered Office
1 SEVERNSIDE
STOURPORT ON SEVERN
WORCS
WORCESTERSHIRE
DY13 9EN
Accountants
Number 10 Accounting Limited
Office 7, The Civic Centre
Martins Way
Stourport on Severn
Worcestershire
DY13 8UJ
Stourport Forward Limited
Accountants' report
Accountants' report to the board of directors of Stourport Forward Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Number 10 Accounting Limited
Office 7, The Civic Centre
Martins Way
Stourport on Severn
Worcestershire
DY13 8UJ
30 December 2022
Stourport Forward Limited
Statement of financial position
as at 31 March 2022
Tangible assets
25,149
342,999
Cash at bank and in hand
96,941
23,536
Creditors: amounts falling due within one year
(2,650)
(1,212)
Net current assets
94,291
22,920
Total assets less current liabilities
119,440
365,919
Creditors: amounts falling due after more than one year
-
(311,267)
Profit and loss account
119,440
54,652
Members' funds
119,440
54,652
For the year ending 31 March 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2022 and were signed on its behalf by
Anne Eliza Botham
Director
Company Registration No. 05237850
Stourport Forward Limited
Notes to the Accounts
for the year ended 31 March 2022
Stourport Forward Limited is a private company, limited by guarantee, registered in England and Wales, registration number 05237850. The registered office is 1 SEVERNSIDE, STOURPORT ON SEVERN, WORCS, WORCESTERSHIRE, DY13 9EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 10 years
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable.
A grant received before the recognition criteria are satisfied is
recognised as a liability
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Stourport Forward Limited
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2021
489,765
28,688
518,453
Disposals
(444,765)
-
(444,765)
At 31 March 2022
45,000
29,062
74,062
At 1 April 2021
147,000
28,454
175,454
Charge for the year
6,750
209
6,959
On disposals
(133,500)
-
(133,500)
At 31 March 2022
20,250
28,663
48,913
At 31 March 2022
24,750
399
25,149
At 31 March 2021
342,765
234
342,999
Amounts falling due after more than one year
Accrued income and prepayments
-
596
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
174
257
7
Creditors: amounts falling due after more than one year
2022
2021
The amounts above relate to remaining lease agreements - amortisation at £11,125. Lease agreement sold during financial year ending 31/03/22
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Stourport Forward Limited
Notes to the Accounts
for the year ended 31 March 2022
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
