IRIS Accounts Production v23.3.0.418 07452532 Board of Directors 1.1.23 4.8.23 4.8.23 false true false false false true false Ordinary 'A' 1.00000 Ordinary 'B' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074525322022-12-31074525322023-08-04074525322023-01-012023-08-04074525322021-12-31074525322022-01-012022-12-31074525322022-12-3107452532ns10:Originalns15:EnglandWales2023-01-012023-08-0407452532ns14:PoundSterlingns10:Original2023-01-012023-08-0407452532ns10:Originalns10:Director12023-01-012023-08-0407452532ns10:Original2023-01-012023-08-0407452532ns10:Original2023-08-0407452532ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-08-0407452532ns10:Originalns10:SmallEntities2023-01-012023-08-0407452532ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-08-0407452532ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-08-0407452532ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-08-0407452532ns10:Originalns10:FullAccounts2023-01-012023-08-0407452532ns10:Original12023-01-012023-08-0407452532ns10:Originalns10:OrdinaryShareClass12023-01-012023-08-0407452532ns10:Originalns10:OrdinaryShareClass22023-01-012023-08-0407452532ns10:Originalns10:Director32023-01-012023-08-0407452532ns10:Originalns10:RegisteredOffice2023-01-012023-08-0407452532ns10:Original2022-12-3107452532ns10:Originalns5:CurrentFinancialInstruments2023-08-0407452532ns10:Originalns5:CurrentFinancialInstruments2022-12-3107452532ns10:Originalns5:Non-currentFinancialInstruments2023-08-0407452532ns10:Originalns5:Non-currentFinancialInstruments2022-12-3107452532ns5:ShareCapitalns10:Original2023-08-0407452532ns5:ShareCapitalns10:Original2022-12-3107452532ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-0407452532ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3107452532ns10:Originalns5:NetGoodwill2023-01-012023-08-0407452532ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-01-012023-08-0407452532ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-08-0407452532ns10:Originalns5:LeaseholdImprovements2023-01-012023-08-0407452532ns10:Originalns5:PlantMachinery2023-01-012023-08-0407452532ns10:Originalns5:FurnitureFittings2023-01-012023-08-0407452532ns10:Original2022-01-012022-12-3107452532ns10:Originalns5:NetGoodwill2022-12-3107452532ns10:Originalns5:NetGoodwill2023-08-0407452532ns10:Originalns5:NetGoodwill2022-12-3107452532ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3107452532ns10:Originalns5:LeaseholdImprovements2022-12-3107452532ns10:Originalns5:PlantMachinery2022-12-3107452532ns10:Originalns5:FurnitureFittings2022-12-3107452532ns10:Original2022-12-3107452532ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-0407452532ns10:Originalns5:LeaseholdImprovements2023-08-0407452532ns10:Originalns5:PlantMachinery2023-08-0407452532ns10:Originalns5:FurnitureFittings2023-08-0407452532ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3107452532ns10:Originalns5:LeaseholdImprovements2022-12-3107452532ns10:Originalns5:PlantMachinery2022-12-3107452532ns10:Originalns5:FurnitureFittings2022-12-3107452532ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3107452532ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-08-0407452532ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-0407452532ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3107452532ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-0407452532ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107452532ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-0407452532ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3107452532ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-0407452532ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3107452532ns10:Originalns10:OrdinaryShareClass12023-08-0407452532ns10:Originalns10:OrdinaryShareClass22023-08-0407452532ns10:Originalns10:Director22023-01-012023-08-0407452532ns10:Originalns10:Director222022-12-3107452532ns10:Originalns10:Director222021-12-3107452532ns10:Originalns10:Director222023-01-012023-08-0407452532ns10:Originalns10:Director222022-01-012022-12-3107452532ns10:Originalns10:Director222023-08-0407452532ns10:Originalns10:Director222022-12-31
REGISTERED NUMBER: 07452532 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023

FOR

THE FORGE (HALSTEAD) LIMITED

THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FORGE (HALSTEAD) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023







DIRECTORS: Ms J C Malone
M Stanworth





REGISTERED OFFICE: Spitfire House
Aviator Court
York
Yorkshire
YO30 4UZ





REGISTERED NUMBER: 07452532 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
Chartered Certified Accountants
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

BALANCE SHEET
4 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,672 29,099
24,672 29,099

CURRENT ASSETS
Stocks 32,982 30,000
Debtors 6 361,865 195,551
Cash at bank and in hand 71,494 109,858
466,341 335,409
CREDITORS
Amounts falling due within one year 7 189,507 126,750
NET CURRENT ASSETS 276,834 208,659
TOTAL ASSETS LESS CURRENT LIABILITIES 301,506 237,758

CREDITORS
Amounts falling due after more than one
year

8

(40,020

)

(57,980

)

PROVISIONS FOR LIABILITIES (5,661 ) (5,529 )
NET ASSETS 255,825 174,249

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 255,823 174,247
SHAREHOLDERS' FUNDS 255,825 174,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 4 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 4 August 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.

THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

BALANCE SHEET - continued
4 AUGUST 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:





M Stanworth - Director


THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023

1. STATUTORY INFORMATION

The Forge (Halstead) 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.

The financial statements are presented in £ sterling which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from the rendering services is recognised by reference to the stage of completion at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised over its estimated useful life.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 20% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made foe damaged, obsolete and slow-moving stock where appropriate.


THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amounts of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2022 - 18 ) .

THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 4 August 2023 260,000
AMORTISATION
At 1 January 2023
and 4 August 2023 260,000
NET BOOK VALUE
At 4 August 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 January 2023
and 4 August 2023 5,745 72,166 63,977 29,387 171,275
DEPRECIATION
At 1 January 2023 3,506 55,187 62,153 21,330 142,176
Charge for period 339 2,137 752 1,199 4,427
At 4 August 2023 3,845 57,324 62,905 22,529 146,603
NET BOOK VALUE
At 4 August 2023 1,900 14,842 1,072 6,858 24,672
At 31 December 2022 2,239 16,979 1,824 8,057 29,099

THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 4 August 2023 23,810
DEPRECIATION
At 1 January 2023 22,808
Charge for period 596
At 4 August 2023 23,404
NET BOOK VALUE
At 4 August 2023 406
At 31 December 2022 1,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,386 9,823
Other debtors - 60,587
Directors' current accounts 337,705 100,869
Prepayments 8,774 24,272
361,865 195,551

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,927 33,236
Trade creditors 14,714 6,623
Tax 69,787 36,341
Social security and other taxes 5,284 6,271
VAT 54,250 34,329
Other creditors 4,835 3,450
Accrued expenses 8,710 6,500
189,507 126,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 18,932 27,738
Bank loans - 2-5 years 21,088 30,242
40,020 57,980

THE FORGE (HALSTEAD) LIMITED (REGISTERED NUMBER: 07452532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 4 AUGUST 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 4 August 2023 and the year ended 31 December 2022:

2023 2022
£    £   
N Sproule
Balance outstanding at start of period 100,869 49,173
Amounts advanced 261,835 138,263
Amounts repaid (53,389 ) (86,567 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 309,315 100,869

12. NON ADJUSTING EVENTS AFTER THE FINANCIAL PERIOD

On 4 August 2023 100% of the share capital was acquired by VetPartners Limited whose ultimate controlling parent undertaking was BC European X, a collection of Limited partnerships with no single controlling party.