Forza Win Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08139139 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

FORZA WIN LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

Directors:

S Redford

M Lavery

Registered office:

Unit 4.1 Copeland Park

133 Copeland Road

London

SE15 3SN

Registered number:

08139139 (England and Wales)

Accountants:

Norwoods

Suite 19

Maple Court

Grove Park

Maidenhead

Berkshire

SL6 3LW

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Forza Win Limited for the year ended 30 September 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Forza Win Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forza Win Limited and state those matters that we have agreed to state to the Board of Directors of Forza Win Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Forza Win Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Forza Win Limited. You consider that Forza Win Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Forza Win Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Norwoods

Suite 19

Maple Court

Grove Park

Maidenhead

Berkshire

SL6 3LW

8 January 2019

FIXED ASSETS

Intangible assets

4

159

-

Tangible assets

5

48,843

23,672

49,002

23,672

CURRENT ASSETS

Stocks

6

3,150

3,648

Debtors

7

32,771

36,572

Cash at bank and in hand

100

27,011

36,021

67,231

CREDITORS

Amounts falling due within one year

8

166,294

90,869

NET CURRENT LIABILITIES

(130,273

)

(23,638

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(81,271

)

34

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(81,272

)

33

SHAREHOLDERS' FUNDS

(81,271

)

34

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 8 January 2019 and were signed on its behalf by:

S Redford - Director

1.	STATUTORY INFORMATION

Forza Win 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.

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 nil 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 cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future. Thus the directors

continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

Additions

170

At 30 September 2018

170

Amortisation

Charge for year

11

At 30 September 2018

11

Net book value

At 30 September 2018

159

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 October 2017

19,002

8,627

1,082

-

28,711

Additions

-

17,807

42,583

2,577

62,967

Disposals

(19,002

)

(450

)

-

-

(19,452

)

At 30 September 2018

-

25,984

43,665

2,577

72,226

Depreciation

At 1 October 2017

-

4,633

406

-

5,039

Charge for year

-

6,496

11,051

966

18,513

Eliminated on disposal

-

(169

)

-

-

(169

)

At 30 September 2018

-

10,960

11,457

966

23,383

Net book value

At 30 September 2018

-

15,024

32,208

1,611

48,843

At 30 September 2017

19,002

3,994

676

-

23,672

6.

STOCKS

2018

2017

£

£

Stocks

3,150

3,648

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

-

25,526

Other debtors

32,771

11,046

32,771

36,572

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

13,846

4,747

Trade creditors

22,886

38,132

Taxation and social security

40,785

33,658

Other creditors

88,777

14,332

166,294

90,869

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2018 and the

period ended 30 September 2017:

2018

2017

£

£

S Redford

Balance outstanding at start of year

1,244

-

Amounts advanced

11,567

1,244

Amounts repaid

(32,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(19,689

)

1,244