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Financial Statements For The Year Ended 31st March 2022 |
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Forestdale Business Services Limited |
REGISTERED NUMBER:
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Financial Statements For The Year Ended 31st March 2022 |
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for |
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Forestdale Business Services Limited |
Forestdale Business Services Limited (Registered number: 01221643) |
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Contents of the Financial Statements |
For The Year Ended 31st March 2022 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Forestdale Business Services Limited |
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Company Information |
For The Year Ended 31st March 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
1-3 Manor Road |
Chatham |
Kent |
ME4 6AE |
Forestdale Business Services Limited (Registered number: 01221643) |
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Statement of Financial Position |
31st March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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Investment property | 7 |
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CURRENT ASSETS |
Stocks |
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Debtors | 8 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Forestdale Business Services Limited (Registered number: 01221643) |
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Statement of Financial Position - continued |
31st March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Forestdale Business Services Limited (Registered number: 01221643) |
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Notes to the Financial Statements |
For The Year Ended 31st March 2022 |
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1. | STATUTORY INFORMATION |
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Forestdale Business Services Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and trade discounts. |
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Goodwill |
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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. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Furniture and equipment | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
Forestdale Business Services Limited (Registered number: 01221643) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st March 2022 |
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3. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st April 2021 |
and 31st March 2022 |
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AMORTISATION |
At 1st April 2021 |
and 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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At 31st March 2021 |
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Forestdale Business Services Limited (Registered number: 01221643) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st March 2022 |
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6. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1st April 2021 |
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Additions |
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Disposals |
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Reclassification/transfer | ( |
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At 31st March 2022 |
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DEPRECIATION |
At 1st April 2021 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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At 31st March 2021 |
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Furniture |
Motor | and |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st April 2021 |
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Additions |
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Disposals | ( |
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Reclassification/transfer |
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At 31st March 2022 |
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DEPRECIATION |
At 1st April 2021 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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At 31st March 2021 |
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Forestdale Business Services Limited (Registered number: 01221643) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st March 2022 |
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7. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
Reclassification/transfer | 1,725,043 |
At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Inter Company Balance | 15,600 | 12,600 |
Prepayments and accrued income |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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10. | RELATED PARTY DISCLOSURES |
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The company is related to Direct Cleaning Supplies Ltd (dormant) and Astonstar Limited by common ownership. |
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The company supplied to Astonstar Limited during the year; administration charges £240,000 (2021: £240,000). At the year end Astonstar Limited owed the company £15,600 (2021: £12,600). |
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The loan is interest free and repayable on demand, no amounts were written off in the year. |
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11. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party, the shares are held equally between the directors. |