John Forrester Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06855602 (England and Wales)

John Forrester Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Forrester

REGISTERED OFFICE:

First Floor 19-21 Chapel Brow

Leyland

Preston

Lancashire

PR25 3NH

REGISTERED NUMBER:

06855602 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Intangible assets

4

82,500

90,000

Tangible assets

5

8,555

2,173

91,055

92,173

CURRENT ASSETS

Amounts recoverable on

contracts

57,628

56,026

Cash at bank

51,002

44,420

108,630

100,446

CREDITORS

Amounts falling due within one year

6

52,987

51,377

NET CURRENT ASSETS

55,643

49,069

TOTAL ASSETS LESS CURRENT LIABILITIES

146,698

141,242

PROVISIONS FOR LIABILITIES

7

1,439

185

NET ASSETS

145,259

141,057

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

145,159

140,957

SHAREHOLDERS' FUNDS

145,259

141,057

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 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 4 December 2018 and were signed by:

J Forrester - Director

1.	STATUTORY INFORMATION

John Forrester 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

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.

Revenue is recognised, in respect of contracts where the company's contractual obligations are

performed gradually over time, as contract activity progresses to reflect the company's partial

performance of its contractual obligations. The amount of revenue reflects the accrual of the right to

consideration as contract activity progresses by reference to value of the work performed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual

arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

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 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

150,000

AMORTISATION

At 1 April 2017

60,000

Amortisation for year

7,500

At 31 March 2018

67,500

NET BOOK VALUE

At 31 March 2018

82,500

At 31 March 2017

90,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2017

13,008

Additions

7,854

At 31 March 2018

20,862

DEPRECIATION

At 1 April 2017

10,835

Charge for year

1,472

At 31 March 2018

12,307

NET BOOK VALUE

At 31 March 2018

8,555

At 31 March 2017

2,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Corporation tax

28,490

29,824

Social security and other taxes

2,544

2,315

VAT

17,330

14,917

Directors' current accounts

1,564

1,564

Accrued expenses

3,059

2,757

52,987

51,377

The amount due to the director is unsecured, interest free and has no fixed repayment terms.

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Accelerated capital allowances

1,439

185

Deferred

tax

£

Balance at 1 April 2017

185

Charge to Income Statement during year

1,254

Balance at 31 March 2018

1,439

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

100

100

9.	RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by the Mr J Forrester by virtue of his shareholding.