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REGISTERED NUMBER: 10853418 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

FOUNDRY SERVICES LIMITED

FOUNDRY SERVICES LIMITED (REGISTERED NUMBER: 10853418)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOUNDRY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Andrew Butcher
Edward Froggatt





REGISTERED OFFICE: C/o Defries Weiss
1 Bridge Lane
London
NW11 0EA





REGISTERED NUMBER: 10853418 (England and Wales)





ACCOUNTANTS: Defries Weiss (Accountants) Limited
1 Bridge Lane
London
NW11 0EA

FOUNDRY SERVICES LIMITED (REGISTERED NUMBER: 10853418)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 602
Tangible assets 5 1,737 1,422
1,737 2,024

CURRENT ASSETS
Debtors 6 81,298 65,061
Investments 7 56,980 18,803
Cash at bank 140,605 184,355
278,883 268,219
CREDITORS
Amounts falling due within one year 8 132,881 220,109
NET CURRENT ASSETS 146,002 48,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,739

50,134

PROVISIONS FOR LIABILITIES 434 270
NET ASSETS 147,305 49,864

CAPITAL AND RESERVES
Called up share capital 84 84
Share premium 559 559
Retained earnings 146,662 49,221
SHAREHOLDERS' FUNDS 147,305 49,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FOUNDRY SERVICES LIMITED (REGISTERED NUMBER: 10853418)

BALANCE SHEET - continued
30 JUNE 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 31 August 2023 and were signed on its behalf by:





Andrew Butcher - Director


FOUNDRY SERVICES LIMITED (REGISTERED NUMBER: 10853418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Foundry Services 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 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 amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at 20% on reducing balance to write off plant and machinery over its estimated useful life.

Financial instruments
Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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.

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 the profit and loss account in the period to which they relate.

Listed investments
The listed investments are measured at fair value, with changes in fair value recognised in the income statement.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

FOUNDRY SERVICES LIMITED (REGISTERED NUMBER: 10853418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 36,140
AMORTISATION
At 1 July 2022 35,538
Charge for year 602
At 30 June 2023 36,140
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 602

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 3,790
Additions 654
At 30 June 2023 4,444
DEPRECIATION
At 1 July 2022 2,368
Charge for year 339
At 30 June 2023 2,707
NET BOOK VALUE
At 30 June 2023 1,737
At 30 June 2022 1,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 75,732 60,627
Other debtors 5,566 4,434
81,298 65,061

7. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Listed investments 56,980 18,803

FOUNDRY SERVICES LIMITED (REGISTERED NUMBER: 10853418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 2,615 2,005
Taxation and social security 118,566 102,488
Other creditors 11,700 115,616
132,881 220,109