Forcerush Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02027792 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Forcerush Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M. Hamnett

Mrs J Hamnett

SECRETARY:

M. Hamnett

REGISTERED OFFICE:

6 Trent Court

Stafford Road

Stone

Staffordshire

ST15 OGZ

REGISTERED NUMBER:

02027792 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

4

63,230

70,347

CURRENT ASSETS

Debtors

5

817

518

CREDITORS

Amounts falling due within one year

6

46,068

49,245

NET CURRENT LIABILITIES

(45,251

)

(48,727

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,979

21,620

CREDITORS

Amounts falling due after more than one year

7

17,620

21,212

NET ASSETS

359

408

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

357

406

359

408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 July 2018 and were signed on its behalf by:

M. Hamnett - Director

1.	STATUTORY INFORMATION

Forcerush 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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

Leasehold property

-

over the remaining life of the lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

60,000

4,135

4,471

34,846

103,452

DEPRECIATION

At 1 April 2017

14,282

3,870

2,974

11,979

33,105

Charge for year

1,200

50

150

5,717

7,117

At 31 March 2018

15,482

3,920

3,124

17,696

40,222

NET BOOK VALUE

At 31 March 2018

44,518

215

1,347

17,150

63,230

At 31 March 2017

45,718

265

1,497

22,867

70,347

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Prepayments

817

518

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

11,659

9,781

Hire purchase contracts

3,600

3,600

Trade creditors & accruals

1,531

1,396

Tax

4,605

4,067

VAT

9,345

8,893

Accruals and deferred income

12,000

9,375

Other creditors

-

250

Directors' current accounts

3,328

11,883

46,068

49,245

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

17,620

21,212

8.

RESERVES

Retained

earnings

£

At 1 April 2017

406

Profit for the year

14,951

Dividends

(15,000

)

At 31 March 2018

357