2023-04-012024-03-312024-03-31false10224243THE FORGE BRISTOL LIMITED2024-08-07iso4217:GBPxbrli:pure102242432023-04-01102242432024-03-31102242432023-04-012024-03-31102242432022-04-01102242432023-03-31102242432022-04-012023-03-3110224243bus:SmallEntities2023-04-012024-03-3110224243bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110224243bus:FullAccounts2023-04-012024-03-3110224243bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110224243core:WithinOneYear2024-03-3110224243core:AfterOneYear2024-03-3110224243core:WithinOneYear2023-03-3110224243core:AfterOneYear2023-03-3110224243core:ShareCapital2024-03-3110224243core:SharePremium2024-03-3110224243core:RevaluationReserve2024-03-3110224243core:OtherReservesSubtotal2024-03-3110224243core:RetainedEarningsAccumulatedLosses2024-03-3110224243core:ShareCapital2023-03-3110224243core:SharePremium2023-03-3110224243core:RevaluationReserve2023-03-3110224243core:OtherReservesSubtotal2023-03-3110224243core:RetainedEarningsAccumulatedLosses2023-03-3110224243core:LandBuildings2024-03-3110224243core:PlantMachinery2024-03-3110224243core:Vehicles2024-03-3110224243core:FurnitureFittings2024-03-3110224243core:OfficeEquipment2024-03-3110224243core:NetGoodwill2024-03-3110224243core:IntangibleAssetsOtherThanGoodwill2024-03-3110224243core:ListedExchangeTraded2024-03-3110224243core:UnlistedNon-exchangeTraded2024-03-3110224243core:LandBuildings2023-03-3110224243core:PlantMachinery2023-03-3110224243core:Vehicles2023-03-3110224243core:FurnitureFittings2023-03-3110224243core:OfficeEquipment2023-03-3110224243core:NetGoodwill2023-03-3110224243core:IntangibleAssetsOtherThanGoodwill2023-03-3110224243core:ListedExchangeTraded2023-03-3110224243core:UnlistedNon-exchangeTraded2023-03-3110224243core:LandBuildings2023-04-012024-03-3110224243core:PlantMachinery2023-04-012024-03-3110224243core:Vehicles2023-04-012024-03-3110224243core:FurnitureFittings2023-04-012024-03-3110224243core:OfficeEquipment2023-04-012024-03-3110224243core:NetGoodwill2023-04-012024-03-3110224243core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110224243core:ListedExchangeTraded2023-04-012024-03-3110224243core:UnlistedNon-exchangeTraded2023-04-012024-03-3110224243core:MoreThanFiveYears2023-04-012024-03-3110224243core:Non-currentFinancialInstruments2024-03-3110224243core:Non-currentFinancialInstruments2023-03-3110224243dpl:CostSales2023-04-012024-03-3110224243dpl:DistributionCosts2023-04-012024-03-3110224243core:LandBuildings2023-04-012024-03-3110224243core:PlantMachinery2023-04-012024-03-3110224243core:Vehicles2023-04-012024-03-3110224243core:FurnitureFittings2023-04-012024-03-3110224243core:OfficeEquipment2023-04-012024-03-3110224243dpl:AdministrativeExpenses2023-04-012024-03-3110224243core:NetGoodwill2023-04-012024-03-3110224243core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110224243dpl:GroupUndertakings2023-04-012024-03-3110224243dpl:ParticipatingInterests2023-04-012024-03-3110224243dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110224243core:ListedExchangeTraded2023-04-012024-03-3110224243dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110224243core:UnlistedNon-exchangeTraded2023-04-012024-03-3110224243dpl:CostSales2022-04-012023-03-3110224243dpl:DistributionCosts2022-04-012023-03-3110224243core:LandBuildings2022-04-012023-03-3110224243core:PlantMachinery2022-04-012023-03-3110224243core:Vehicles2022-04-012023-03-3110224243core:FurnitureFittings2022-04-012023-03-3110224243core:OfficeEquipment2022-04-012023-03-3110224243dpl:AdministrativeExpenses2022-04-012023-03-3110224243core:NetGoodwill2022-04-012023-03-3110224243core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110224243dpl:GroupUndertakings2022-04-012023-03-3110224243dpl:ParticipatingInterests2022-04-012023-03-3110224243dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110224243core:ListedExchangeTraded2022-04-012023-03-3110224243dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110224243core:UnlistedNon-exchangeTraded2022-04-012023-03-3110224243core:NetGoodwill2024-03-3110224243core:IntangibleAssetsOtherThanGoodwill2024-03-3110224243core:LandBuildings2024-03-3110224243core:PlantMachinery2024-03-3110224243core:Vehicles2024-03-3110224243core:FurnitureFittings2024-03-3110224243core:OfficeEquipment2024-03-3110224243core:AfterOneYear2024-03-3110224243core:WithinOneYear2024-03-3110224243core:ListedExchangeTraded2024-03-3110224243core:UnlistedNon-exchangeTraded2024-03-3110224243core:ShareCapital2024-03-3110224243core:SharePremium2024-03-3110224243core:RevaluationReserve2024-03-3110224243core:OtherReservesSubtotal2024-03-3110224243core:RetainedEarningsAccumulatedLosses2024-03-3110224243core:NetGoodwill2023-03-3110224243core:IntangibleAssetsOtherThanGoodwill2023-03-3110224243core:LandBuildings2023-03-3110224243core:PlantMachinery2023-03-3110224243core:Vehicles2023-03-3110224243core:FurnitureFittings2023-03-3110224243core:OfficeEquipment2023-03-3110224243core:AfterOneYear2023-03-3110224243core:WithinOneYear2023-03-3110224243core:ListedExch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THE FORGE BRISTOL LIMITED

Registered Number
10224243
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

THE FORGE BRISTOL LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

JOHN, Simon
LLOYD, Silkie Rainbow

Registered Address

Unit 4 Colston Yard
Bristol
BS1 5BD

Registered Number

10224243 (England and Wales)
THE FORGE BRISTOL LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets325,23524,812
25,23524,812
Current assets
Stocks44,1131,194
Debtors31,17614,520
Cash at bank and on hand16,12415,615
51,41331,329
Creditors amounts falling due within one year5(65,529)(40,586)
Net current assets (liabilities)(14,116)(9,257)
Total assets less current liabilities11,11915,555
Creditors amounts falling due after one year6(9,667)(13,667)
Net assets1,4521,888
Capital and reserves
Called up share capital22
Profit and loss account1,4501,886
Shareholders' funds1,4521,888
The financial statements were approved and authorised for issue by the Board of Directors on 7 August 2024, and are signed on its behalf by:
JOHN, Simon
Director
LLOYD, Silkie Rainbow
Director

Registered Company No. 10224243
THE FORGE BRISTOL LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 238,331-22,0575,66636,054
Additions2,299-3204723,091
At 31 March 2410,630-22,3776,13839,145
Depreciation and impairment
At 01 April 23--8,2672,97511,242
Charge for year605-1,6681,0023,275
Revaluation surplus-(607)--(607)
At 31 March 24605(607)9,9353,97713,910
Net book value
At 31 March 2410,02560712,4422,16125,235
At 31 March 238,331-13,7902,69124,812
4.Stocks
Valued at Cost price

2024

2023

££
Payments on account, stocks4,1131,194
Total4,1131,194
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,4201,666
Taxation and social security17,40217,182
Other creditors521596
Accrued liabilities and deferred income44,18621,142
Total65,52940,586
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,66713,667
Total9,66713,667
Lloyds bank Bounce back loan