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REGISTERED NUMBER: 01221441 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FORGE FARM MEATS LIMITED

FORGE FARM MEATS LIMITED (REGISTERED NUMBER: 01221441)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORGE FARM MEATS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S A Bailey





REGISTERED OFFICE: The Abattoir
Forge Farm
Powder Mill Lane
Southborough
Kent
TN4 9EG





REGISTERED NUMBER: 01221441 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

FORGE FARM MEATS LIMITED (REGISTERED NUMBER: 01221441)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364,429 330,788

CURRENT ASSETS
Stocks 337,672 279,899
Debtors 5 2,265,434 1,799,330
Cash at bank and in hand 245,150 274,192
2,848,256 2,353,421
CREDITORS
Amounts falling due within one year 6 2,375,832 1,774,512
NET CURRENT ASSETS 472,424 578,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,853

909,697

CREDITORS
Amounts falling due after more than one
year

7

(156,667

)

(236,667

)

PROVISIONS FOR LIABILITIES (65,451 ) (58,734 )
NET ASSETS 614,735 614,296

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 614,733 614,294
614,735 614,296

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.

FORGE FARM MEATS LIMITED (REGISTERED NUMBER: 01221441)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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 26 September 2024 and were signed by:





S A Bailey - Director


FORGE FARM MEATS LIMITED (REGISTERED NUMBER: 01221441)

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


1. STATUTORY INFORMATION

Forge Farm Meats 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and Straight line over 5 -10 years

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FORGE FARM MEATS LIMITED (REGISTERED NUMBER: 01221441)

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


2. ACCOUNTING POLICIES - continued

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 33 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 1,067,335 1,236,626 12,314 342,761 2,659,036
Additions - 78,323 - 35,203 113,526
At 31 December 2023 1,067,335 1,314,949 12,314 377,964 2,772,562
DEPRECIATION
At 1 January 2023 1,064,737 975,240 10,523 277,748 2,328,248
Charge for year 2,227 54,500 269 22,889 79,885
At 31 December 2023 1,066,964 1,029,740 10,792 300,637 2,408,133
NET BOOK VALUE
At 31 December 2023 371 285,209 1,522 77,327 364,429
At 31 December 2022 2,598 261,386 1,791 65,013 330,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,900,793 1,444,990
Other debtors 35,079 31,624
Forge Farm Meats Holdings Ltd 350 350
Oak Tree Farm Pet Foods Ltd 163,439 163,439
Directors' current accounts 2,967 6,538
VAT 71,874 65,063
Prepayments and accrued income 90,932 87,326
2,265,434 1,799,330

FORGE FARM MEATS LIMITED (REGISTERED NUMBER: 01221441)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 80,000 171,823
Hire purchase contracts (see note 8) - 8,339
Trade creditors 2,215,475 1,501,816
Tax - 19,190
Social security and other taxes 16,671 24,597
Other creditors 3,102 7,561
Accrued expenses 60,584 41,186
2,375,832 1,774,512

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 156,667 236,667

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year - 8,339

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year - 31,606

9. ULTIMATE CONTROLLING PARTY

The controlling party is Forge Farm Meats Holding Limited.

The ultimate controlling party is S Bailey.