Forepower Ltd - Accounts to registrar (filleted) - small 23.1.2
Forepower Ltd - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2021 to 30 June 2022 |
| for |
| Forepower Ltd |
| Forepower Ltd (Registered number: 10292497) |
| Contents of the Financial Statements |
| for the Period 1 January 2021 to 30 June 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Forepower Ltd |
| Company Information |
| for the Period 1 January 2021 to 30 June 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite B |
| The Hall |
| Lairgate |
| Beverley |
| East Yorkshire |
| HU17 8HL |
| Forepower Ltd (Registered number: 10292497) |
| Balance Sheet |
| 30 June 2022 |
| 30.6.22 | 31.12.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Forepower Ltd (Registered number: 10292497) |
| Notes to the Financial Statements |
| for the Period 1 January 2021 to 30 June 2022 |
| 1. | STATUTORY INFORMATION |
| Forepower Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| 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 period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Plant and | and |
| property | machinery | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2021 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 June 2022 |
| DEPRECIATION |
| At 1 January 2021 |
| Charge for period |
| At 30 June 2022 |
| NET BOOK VALUE |
| At 30 June 2022 |
| At 31 December 2020 |
| Forepower Ltd (Registered number: 10292497) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 30 June 2022 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST OR VALUATION |
| At 1 January 2021 |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 30 June 2022 |
| NET BOOK VALUE |
| At 30 June 2022 |
| At 31 December 2020 |
| Cost or valuation at 30 June 2022 is represented by: |
| Shares in |
| group |
| undertakings |
| £ |
| Valuation in 2019 | 2,500,000 |
| Valuation in 2020 | 500,000 |
| Valuation in 2022 | (800,000 | ) |
| 2,200,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.22 | 31.12.20 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| VAT |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.22 | 31.12.20 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Amounts owed to associates | 313,000 | 43,580 |
| Tax |
| Social security and other taxes |
| VAT | - | 59,022 |
| Directors' current accounts | - | 65 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.22 | 31.12.20 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Other loans - 1-2 years |
| Other loans - 2-5 years |
| Hire purchase contracts |
| Forepower Ltd (Registered number: 10292497) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2021 to 30 June 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 30.6.22 | 31.12.20 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 7,500 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.6.22 | 31.12.20 |
| £ | £ |
| Other loans | 3,421,713 | 1,851,164 |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 January 2021 |
| Revaluation | (800,000 | ) |
| At 30 June 2022 |