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Company Registration No. 12995718 (England and Wales)
Forgereed Limited Unaudited accounts for the year ended 30 November 2023
Forgereed Limited Unaudited accounts Contents
Page
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Forgereed Limited Company Information for the year ended 30 November 2023
Director
Kieran Lee Mcilvenny
Company Number
12995718 (England and Wales)
Registered Office
Academy House 11 Dunraven Place Bridgend CF31 1JF United Kingdom
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Forgereed Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
46,935 
53,640 
Tangible assets
155,722 
198,191 
202,657 
251,831 
Current assets
Inventories
87,415 
92,383 
Debtors
13,257 
13,993 
Cash at bank and in hand
1,100 
1,009 
101,772 
107,385 
Creditors: amounts falling due within one year
(344,164)
(432,056)
Net current liabilities
(242,392)
(324,671)
Net liabilities
(39,735)
(72,840)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(39,737)
(72,842)
Shareholders' funds
(39,735)
(72,840)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 February 2024 and were signed on its behalf by
Kieran Lee Mcilvenny Director Company Registration No. 12995718
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Forgereed Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Forgereed Limited is a private company, limited by shares, registered in England and Wales, registration number 12995718. The registered office is Academy House, 11 Dunraven Place, Bridgend, CF31 1JF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
67,050 
At 30 November 2023
67,050 
Amortisation
At 1 December 2022
13,410 
Charge for the year
6,705 
At 30 November 2023
20,115 
Net book value
At 30 November 2023
46,935 
At 30 November 2022
53,640 
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Forgereed Limited Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
283,129 
At 30 November 2023
283,129 
Depreciation
At 1 December 2022
84,938 
Charge for the year
42,469 
At 30 November 2023
127,407 
Net book value
At 30 November 2023
155,722 
At 30 November 2022
198,191 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,257 
13,993 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,548 
7,205 
Trade creditors
224,083 
254,551 
Taxes and social security
12,548 
14,993 
Other creditors
51,473 
88,374 
Loans from directors
31,402 
49,435 
Accruals
17,110 
17,498 
344,164 
432,056 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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