Silverfin false 30/04/2023 01/05/2022 30/04/2023 Rodney Hugh Dowler 23/03/2000 Diana Hilary Sternfeld 01/06/2015 Joanna Wyer 01/06/2015 06 September 2023 The principal activity of the Company during the financial year was to facilitate consultation and dialogue between the world of business and government, and to promote the development of business related policies. 03745317 2023-04-30 03745317 bus:Director1 2023-04-30 03745317 bus:Director2 2023-04-30 03745317 bus:Director3 2023-04-30 03745317 2022-04-30 03745317 core:CurrentFinancialInstruments 2023-04-30 03745317 core:CurrentFinancialInstruments 2022-04-30 03745317 core:ShareCapital 2023-04-30 03745317 core:ShareCapital 2022-04-30 03745317 core:RetainedEarningsAccumulatedLosses 2023-04-30 03745317 core:RetainedEarningsAccumulatedLosses 2022-04-30 03745317 core:OtherPropertyPlantEquipment 2022-04-30 03745317 core:OtherPropertyPlantEquipment 2023-04-30 03745317 bus:OrdinaryShareClass1 2023-04-30 03745317 2022-05-01 2023-04-30 03745317 bus:FullAccounts 2022-05-01 2023-04-30 03745317 bus:SmallEntities 2022-05-01 2023-04-30 03745317 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03745317 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03745317 bus:Director1 2022-05-01 2023-04-30 03745317 bus:Director2 2022-05-01 2023-04-30 03745317 bus:Director3 2022-05-01 2023-04-30 03745317 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-05-01 2023-04-30 03745317 2021-05-01 2022-04-30 03745317 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 03745317 core:CurrentFinancialInstruments 2022-05-01 2023-04-30 03745317 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 03745317 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 03745317 1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03745317 (England and Wales)

THE INDUSTRY FORUM LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

THE INDUSTRY FORUM LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

THE INDUSTRY FORUM LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
THE INDUSTRY FORUM LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Rodney Hugh Dowler
Diana Hilary Sternfeld
Joanna Wyer
SECRETARY Joanna Wyer
REGISTERED OFFICE 20 St. Andrew Street
London
EC4A 3AG
England
United Kingdom
COMPANY NUMBER 03745317 (England and Wales)
CHARTERED ACCOUNTANTS Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
THE INDUSTRY FORUM LIMITED

BALANCE SHEET

As at 30 April 2023
THE INDUSTRY FORUM LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 925 1,352
925 1,352
Current assets
Debtors 4 7,126 7,080
Cash at bank and in hand 26,390 14,712
33,516 21,792
Creditors: amounts falling due within one year 5 ( 28,536) ( 19,997)
Net current assets 4,980 1,795
Total assets less current liabilities 5,905 3,147
Net assets 5,905 3,147
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 5,805 3,047
Total shareholders' funds 5,905 3,147

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Industry Forum Limited (registered number: 03745317) were approved and authorised for issue by the Board of Directors on 06 September 2023. They were signed on its behalf by:

Rodney Hugh Dowler
Director
THE INDUSTRY FORUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
THE INDUSTRY FORUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Industry Forum Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20 St. Andrew Street, London, EC4A 3AG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
The Company is a not for profit mutual association and accordingly tax is only paid on investment income.

Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2022 17,996 17,996
At 30 April 2023 17,996 17,996
Accumulated depreciation
At 01 May 2022 16,644 16,644
Charge for the financial year 427 427
At 30 April 2023 17,071 17,071
Net book value
At 30 April 2023 925 925
At 30 April 2022 1,352 1,352

4. Debtors

2023 2022
£ £
Trade debtors 7,020 7,080
Other debtors 106 0
7,126 7,080

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 89
Other taxation and social security 2,589 1,808
Other creditors 25,947 18,100
28,536 19,997

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Financial commitments

The Company had no material commitments at the year ended 30 April 2023.

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.