Forward Associates Ltd - Accounts to registrar (filleted) - small 22.3

Forward Associates Ltd - Accounts to registrar (filleted) - small 22.3

FORWARD ASSOCIATES LTD - Company Information

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REGISTERED NUMBER: 09878280 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2021 to 31 January 2023

for

FORWARD ASSOCIATES LTD
FORWARD ASSOCIATES LTD (REGISTERED NUMBER: 09878280)

Contents of the Financial Statements
FOR THE PERIOD 1 DECEMBER 2021 TO 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORWARD ASSOCIATES LTD

Company Information
FOR THE PERIOD 1 DECEMBER 2021 TO 31 JANUARY 2023







DIRECTOR: R Westwood





REGISTERED OFFICE: Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU





REGISTERED NUMBER: 09878280 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU
Page 1
FORWARD ASSOCIATES LTD (REGISTERED NUMBER: 09878280)

Balance Sheet
31 JANUARY 2023

2023 2021
Notes £    £   
CURRENT ASSETS
Debtors 4 1,708 101
Cash at bank 2,851 21,721
4,559 21,822
CREDITORS
Amounts falling due within one year 5 3,928 2,459
NET CURRENT ASSETS 631 19,363
TOTAL ASSETS LESS CURRENT LIABILITIES 631 19,363

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 431 19,163
SHAREHOLDERS' FUNDS 631 19,363

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

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

The financial statements were approved by the director and authorised for issue on 9 March 2023 and were signed by:





R Westwood - Director


The notes on pages 3 to 4 form part of these financial statements

Page 2
FORWARD ASSOCIATES LTD (REGISTERED NUMBER: 09878280)

Notes to the Financial Statements
FOR THE PERIOD 1 DECEMBER 2021 TO 31 JANUARY 2023


1. STATUTORY INFORMATION

Forward Associates 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.

The presentational currency is GBP and the amounts are rounded to the nearest pound.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

Page 3 continued...
FORWARD ASSOCIATES LTD (REGISTERED NUMBER: 09878280)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 JANUARY 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Amounts owed by group undertakings 1,439 -
Other debtors 269 101
1,708 101

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade creditors 1,875 341
Amounts owed to group undertakings - 418
Other creditors 2,053 1,700
3,928 2,459

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
100 Ordinary A £1.00 100 100
100 Ordinary B £1.00 100 100
200 200

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company was owed £1,439 (2021: owed £418) by Roy Westwood Holdings Ltd, its parent undertaking, and in which Roy Westwood is a Director and controlling shareholder.

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Westwood.

The ultimate controlling party is R Westwood.

Page 4