Company Registration No. 12995718 (England and Wales)
Forgereed Limited
Unaudited accounts
for the year ended 30 November 2023
Forgereed Limited
Unaudited accounts
Contents
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
Forgereed Limited
Statement of financial position
as at 30 November 2023
Intangible assets
46,935
53,640
Tangible assets
155,722
198,191
Cash at bank and in hand
1,100
1,009
Creditors: amounts falling due within one year
(344,164)
(432,056)
Net current liabilities
(242,392)
(324,671)
Net liabilities
(39,735)
(72,840)
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
Forgereed Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 November 2023
67,050
At 30 November 2023
20,115
At 30 November 2023
46,935
At 30 November 2022
53,640
Forgereed Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
At 1 December 2022
283,129
At 30 November 2023
283,129
Charge for the year
42,469
At 30 November 2023
127,407
At 30 November 2023
155,722
At 30 November 2022
198,191
Amounts falling due within one year
Trade debtors
13,257
13,993
7
Creditors: amounts falling due within one year
2023
2022
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
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).