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REGISTERED NUMBER: 04558681 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Forge Garage (Croesgoch) Limited

Forge Garage (Croesgoch) Limited (Registered number: 04558681)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Forge Garage (Croesgoch) Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: D Jones
Mrs S J Jones





SECRETARY: Mrs S J Jones





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 04558681 (England and Wales)

Forge Garage (Croesgoch) Limited (Registered number: 04558681)

Abridged Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 18,000
Tangible assets 5 20,891 15,372
35,891 33,372

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 10,285 11,247
Cash at bank 66,746 49,918
79,531 63,665
CREDITORS
Amounts falling due within one year 84,141 75,080
NET CURRENT LIABILITIES (4,610 ) (11,415 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,281

21,957

PROVISIONS FOR LIABILITIES 3,969 2,782
NET ASSETS 27,312 19,175

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27,310 19,173
SHAREHOLDERS' FUNDS 27,312 19,175

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.

Forge Garage (Croesgoch) Limited (Registered number: 04558681)

Abridged Balance Sheet - continued
31 March 2018


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors on 2 November 2018 and were signed on its behalf
by:




D Jones - Director



Mrs S J Jones - Director


Forge Garage (Croesgoch) Limited (Registered number: 04558681)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Forge Garage (Croesgoch) 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.

Goodwill
Goodwill is being amortised over a period of 20 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.
Plant and machinery - 15% on cost
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Forge Garage (Croesgoch) Limited (Registered number: 04558681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 60,000
AMORTISATION
At 1 April 2017 42,000
Amortisation for year 3,000
At 31 March 2018 45,000
NET BOOK VALUE

At 31 March 2018 15,000
At 31 March 2017 18,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 82,644
Additions 8,657
At 31 March 2018 91,301
DEPRECIATION
At 1 April 2017 67,272
Charge for year 3,138
At 31 March 2018 70,410
NET BOOK VALUE
At 31 March 2018 20,891
At 31 March 2017 15,372