Company Registration No. 05237850 (England and Wales)
Stourport Forward Limited
Unaudited accounts
for the year ended 31 March 2021
Stourport Forward Limited
Unaudited accounts
Contents
Stourport Forward Limited
Company Information
for the year ended 31 March 2021
Directors
Bethan Bishop
Antony Harvey
Michelle Jones
Claire Powell-Barnett
Christopher Rogers
David Willetts
Secretary
Anne Eliza Botham
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 2021.
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 2021. 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
31 December 2021
Stourport Forward Limited
Statement of financial position
as at 31 March 2021
Tangible assets
342,999
360,990
Cash at bank and in hand
23,536
33,579
Creditors: amounts falling due within one year
(1,212)
(1,311)
Net current assets
22,920
32,268
Total assets less current liabilities
365,919
393,258
Creditors: amounts falling due after more than one year
(311,267)
(322,392)
Profit and loss account
54,652
70,866
Members' funds
54,652
70,866
For the year ending 31 March 2021 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 31 December 2021 and were signed on its behalf by
David Willetts
Director
Company Registration No. 05237850
Stourport Forward Limited
Notes to the Accounts
for the year ended 31 March 2021
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 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2020
489,765
28,688
518,453
At 31 March 2021
489,765
28,688
518,453
At 1 April 2020
129,125
28,338
157,463
Charge for the year
17,875
116
17,991
At 31 March 2021
147,000
28,454
175,454
At 31 March 2021
342,765
234
342,999
At 31 March 2020
360,640
350
360,990
5
Debtors: amounts falling due within one year
2021
2020
Debtors: amounts falling due after more than one year
Accrued income and prepayments
596
-
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
257
(22)
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
311,267
322,392
The amounts above relate to remaining lease agreements - amortisation at £11,125 annually (29 years remaining at 31/03/2020)
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.
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
