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Company Registration No. 09335454 (England and Wales)
Foster & Forge Ltd Unaudited accounts for the year ended 31 March 2024
Foster & Forge Ltd Unaudited accounts Contents
Page
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Foster & Forge Ltd Company Information for the year ended 31 March 2024
Directors
Donna Westwood Donna Marie Westwood
Company Number
09335454 (England and Wales)
Registered Office
4th Floor Chantry House Chantry Street Andover SP10 1LZ
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Foster & Forge Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,166 
6,961 
Current assets
Debtors
68,135 
101,343 
Cash at bank and in hand
958 
- 
69,093 
101,343 
Creditors: amounts falling due within one year
(34,678)
(66,819)
Net current assets
34,415 
34,524 
Total assets less current liabilities
36,581 
41,485 
Creditors: amounts falling due after more than one year
(19,851)
(21,738)
Net assets
16,730 
19,747 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,630 
19,647 
Shareholders' funds
16,730 
19,747 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
Donna Westwood Director Company Registration No. 09335454
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Foster & Forge Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Foster & Forge Ltd is a private company, limited by shares, registered in England and Wales, registration number 09335454. The registered office is 4th Floor Chantry House, Chantry Street, Andover, SP10 1LZ.
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.
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:
Fixtures & fittings
18% reducing balance, per annum
Computer equipment
33.33% straight line, per annum
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
8,405 
8,537 
16,942 
Disposals
(7,637)
- 
(7,637)
At 31 March 2024
768 
8,537 
9,305 
Depreciation
At 1 April 2023
5,874 
4,107 
9,981 
Charge for the year
472 
2,846 
3,318 
On disposals
(6,160)
- 
(6,160)
At 31 March 2024
186 
6,953 
7,139 
Net book value
At 31 March 2024
582 
1,584 
2,166 
At 31 March 2023
2,531 
4,430 
6,961 
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Foster & Forge Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,917 
38,493 
Other debtors
68 
- 
37,985 
38,493 
Amounts falling due after more than one year
Other debtors
30,150 
62,850 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,000 
42,933 
VAT
4,126 
5,084 
Trade creditors
1,162 
1,000 
Taxes and social security
9,745 
7,270 
Other creditors
2,307 
422 
Loans from directors
- 
772 
Accruals
9,338 
9,338 
34,678 
66,819 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,851 
21,738 
8
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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