Forward Associates Ltd - Accounts to registrar (filleted) - small 23.2.5

Forward Associates Ltd - Accounts to registrar (filleted) - small 23.2.5

FORWARD ASSOCIATES LTD - Company Information

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REGISTERED NUMBER: 09878280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

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

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORWARD ASSOCIATES LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: R Westwood
C J Bray
R M Still





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 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 30,307 1,708
Cash at bank 15,464 2,851
45,771 4,559
CREDITORS
Amounts falling due within one year 5 41,168 3,928
NET CURRENT ASSETS 4,603 631
TOTAL ASSETS LESS CURRENT LIABILITIES 4,603 631

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 4,403 431
SHAREHOLDERS' FUNDS 4,603 631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf 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 YEAR ENDED 31 JANUARY 2024


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.

Taxation
Taxation for the year 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 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 NIL (2023 - 1 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,000 -
Amounts owed by group undertakings - 1,439
Other debtors 307 269
30,307 1,708

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

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,222 1,875
Taxation and social security 17 -
Other creditors 10,929 2,053
41,168 3,928

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1.00 100 100
100 Ordinary B £1.00 100 100
200 200

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company was owed nil (2023: £1,439) by Roy Westwood Holdings Ltd, its parent undertaking until 6 April 2023, and in which Roy Westwood is a Director and controlling shareholder.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Forward Associates Group Ltd..

The ultimate controlling party is R Westwood.

Page 4