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REGISTERED NUMBER: 04989338 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FOAM FORGE LIMITED

FOAM FORGE LIMITED (REGISTERED NUMBER: 04989338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOAM FORGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr O J M Granger





SECRETARY: Ms E Asbridge





REGISTERED OFFICE: Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT





REGISTERED NUMBER: 04989338 (England and Wales)





ACCOUNTANTS: Newton Magnus
Chartered Certified Accountants
Arrowsmith Court
Station Approach
Broadstone
Dorset
BH18 8AT

FOAM FORGE LIMITED (REGISTERED NUMBER: 04989338)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,375 3,875
Tangible assets 5 95,217 92,887
97,592 96,762

CURRENT ASSETS
Stocks 6,429 6,209
Debtors 5,100 18,224
Cash at bank 4,205 5,013
15,734 29,446
CREDITORS
Amounts falling due within one year (20,557 ) (24,275 )
NET CURRENT (LIABILITIES)/ASSETS (4,823 ) 5,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,769

101,933

CREDITORS
Amounts falling due after more than
one year

(5,495

)

(10,281

)

PROVISIONS FOR LIABILITIES (1,721 ) (1,745 )
NET ASSETS 85,553 89,907

FOAM FORGE LIMITED (REGISTERED NUMBER: 04989338)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 85,552 89,906
SHAREHOLDERS' FUNDS 85,553 89,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





Mr O J M Granger - Director


FOAM FORGE LIMITED (REGISTERED NUMBER: 04989338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Foam Forge 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.

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 represents the value of goods and services supplied during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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.
Freehold property - No depreciation
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Office and Computer equip - 25% on cost and 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FOAM FORGE LIMITED (REGISTERED NUMBER: 04989338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 30,000
AMORTISATION
At 1 January 2023 26,125
Amortisation for year 1,500
At 31 December 2023 27,625
NET BOOK VALUE

At 31 December 2023 2,375
At 31 December 2022 3,875

FOAM FORGE LIMITED (REGISTERED NUMBER: 04989338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 110,258
Additions 4,625
At 31 December 2023 114,883
DEPRECIATION
At 1 January 2023 17,371
Charge for year 2,295
At 31 December 2023 19,666
NET BOOK VALUE
At 31 December 2023 95,217
At 31 December 2022 92,887