Forde Construction (London) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03002428 (England and Wales)

Financial Statements for the Year Ended 31 August 2023

for

Forde Construction (London) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K G Forde

K Forde

V Forde

SECRETARY:

K G Forde

REGISTERED OFFICE:

33 Windmill Gardens

Enfield

Middlesex

EN2 7DZ

REGISTERED NUMBER:

03002428 (England and Wales)

FIXED ASSETS

Intangible assets

4

12,250

14,000

Tangible assets

5

25,761

38,682

Investments

6

-

70,291

38,011

122,973

CURRENT ASSETS

Debtors

291,605

749

Cash at bank

421,194

633,819

712,799

634,568

CREDITORS

Amounts falling due within one year

1,501

3,808

NET CURRENT ASSETS

711,298

630,760

TOTAL ASSETS LESS CURRENT LIABILITIES

749,309

753,733

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

749,209

753,633

SHAREHOLDERS' FUNDS

749,309

753,733

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:

K G Forde - Director

1.	STATUTORY INFORMATION

Forde Construction (London) 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.

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 represents total value of work done.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2022

and 31 August 2023

17,500

AMORTISATION

At 1 September 2022

3,500

Amortisation for year

1,750

At 31 August 2023

5,250

NET BOOK VALUE

At 31 August 2023

12,250

At 31 August 2022

14,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2022

63,914

Disposals

(18,114

)

At 31 August 2023

45,800

DEPRECIATION

At 1 September 2022

25,232

Charge for year

8,588

Eliminated on disposal

(13,781

)

At 31 August 2023

20,039

NET BOOK VALUE

At 31 August 2023

25,761

At 31 August 2022

38,682

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.8.23

31.8.22

£

£

Ordinary share

-

70,291

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23

31.8.22

£

£

K G Forde

Balance outstanding at start of year

(533

)

83,922

Amounts advanced

2,138

-

Amounts repaid

-

(84,455

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,605

(533

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is K G Forde.