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REGISTERED NUMBER: 11493180 (England and Wales)














Financial Statements for the Year Ended 31 July 2023

for

Helions Forge Ltd

Helions Forge Ltd (Registered number: 11493180)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Helions Forge Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr S J Cope
Mr J A Cope
Mr N G W Martin
Mr S F Moore





REGISTERED OFFICE: Unit 1, Park Dairy Mill Road
West Wratting
Cambridge
Cambridgeshire
CB21 5LT





REGISTERED NUMBER: 11493180 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Helions Forge Ltd (Registered number: 11493180)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,188 14,481

CURRENT ASSETS
Stocks 26,000 5,000
Debtors 5 54 19,029
Cash at bank and in hand 23,602 14,127
49,656 38,156
CREDITORS
Amounts falling due within one year 6 34,155 26,665
NET CURRENT ASSETS 15,501 11,491
TOTAL ASSETS LESS CURRENT LIABILITIES 35,689 25,972

CREDITORS
Amounts falling due after more than one
year

7

6,000

9,333
NET ASSETS 29,689 16,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,589 16,539
29,689 16,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Helions Forge Ltd (Registered number: 11493180)

Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 18 January 2024 and were signed on its behalf by:




Mr S J Cope - Director Mr J A Cope - Director




Mr N G W Martin - Director Mr S F Moore - Director


Helions Forge Ltd (Registered number: 11493180)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Helions Forge Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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 reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Helions Forge Ltd (Registered number: 11493180)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 8,278 3,621 6,900 906 19,705
Additions 9,908 - - - 9,908
At 31 July 2023 18,186 3,621 6,900 906 29,613
DEPRECIATION
At 1 August 2022 2,297 543 1,988 396 5,224
Charge for year 2,383 462 1,228 128 4,201
At 31 July 2023 4,680 1,005 3,216 524 9,425
NET BOOK VALUE
At 31 July 2023 13,506 2,616 3,684 382 20,188
At 31 July 2022 5,981 3,078 4,912 510 14,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 54 19,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 8,718 -
Taxation and social security 10,834 11,963
Other creditors 11,603 11,702
34,155 26,665

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 6,000 9,333

8. RELATED PARTY DISCLOSURES

The Directors Mr S J Cope, Mr J A Cope, Mr N G W Martin and Mr S F Moore are considered to be the key management personnel.