Company Number: 13163162
FORGE MILL ENTERPRISE LIMITED
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024
31 January 2024
PAGES FOR FILING WITH REGISTRAR
1
FORGE MILL ENTERPRISE LIMITED
Company Information
Directors
Mr Hartley Walker
Mr Daniel Lavender
Company Number:
13163162
Registered Office:
29 Butts Road
Walsall
West Midlands
WS4 2AR
Accountants:
Steve Smith FCA
(Chartered Accountants)
38 Timbertree Road
Cradley Heath
West Midlands B64 7LE
2
FORGE MILL ENTERPRISE LIMITED
Contents
Page
Balance sheet
Notes to the financial statements
4
5
3
FORGE MILL ENTERPRISE LIMITED
BALANCE SHEET as at 31 January 2024
2024
2023
Notes
£
£
FIXED ASSETS
Tangible assets
3
28,274
40,363
CURRENT ASSETS
Stock
2,350
2,350
Debtors - prepayments
514
118
Bank and cash
183
3,187
3,047
5,655
CREDITORS: Amounts falling due within one year
4
(181,282)
(162,465)
NET CURRENT LIABILITIES
(178,235)
(156,810)
NET LIABILITIES
(149,961)
(116,447)
CAPITAL AND RESERVES
Called-up equity share capital
5
1
1
Profit and loss account
(149,962)
(116,448)
SHAREHOLDERS FUNDS
(149,961)
(116,447)
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities
The members have not required the company to obtain an audit of its accounts for the year in accordance with section 476
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 in accordance with the special provisions of the small companies' regime of the Companies Act 2006
As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2024.
4
FORGE MILL ENTERPRISE LIMITED
Notes to the financial statements
For the year ended 31 January 2024
1.
General Information
The company is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is 29 Butts Road, Walsall, West Midlands, WS4 2AR.
The financial statements of Forge Mill Enterprise Limited have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A Small Entities of Financial Reporting Standard 102. “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.
The company was incorporated on 27th January 2021. The company commenced trading on 1st November 2021. The company ceased trading on 22 July 2024.
2.
Accounting Policies
Basis of preparation of financial statements
As the company ceased to trade on 22 July 2024 the financial statements have not been prepared on the going concern basis, as this is no longer appropriate. The financial statements have been prepared under the historical cost convention. The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed below.
Turnover
Turnover consists of revenue received for the supply of goods and services to third parties. Revenue is recognised as the daily till takings.
Cash Flow
The financial statements do not include a cash flow statement because the company, as a small reporting entity is exempt from the requirement to prepare such a statement.
Depreciation
Tangible fixed assets are valued at historic purchase cost less accumulated depreciation. Depreciation is provided to write off the cost less estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:
Kitchen equipment
5 years
Fixtures and fittings 5 years
Office equipment 5 years
Stock
Stocks are stated at the lower of cost and estimated selling price.
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FORGE MILL ENTERPRISE LIMITED
Notes to the financial statements
For the year ended 31 January 2024 (continued)
3.
Tangible fixed assets
Kitchen
Fixtures
Office
Equipment
& Fittings
Equipment
Total
£
£
£
£
At 31 January 2023
Cost
6,348
60,259
190
66,797
Accumulated depreciation
(2.315)
(24,043)
(76)
(26,434)
Net book amount
4,033
36,216
114
40,363
Year ended 31 January 2024
Opening net book amount
4,033
36,216
114
40,363
Additions
930
390
-
1,320
Depreciation
(1,299)
(12,072)
(38)
(13,409)
Closing net book amount
3,664
24,534
76
28,274
At 31 January 2024
Cost
7,278
60,649
190
68,117
Accumulated depreciation
(3,614)
(36,115)
(114)
(39,843)
Net book amount
3,664
24,534
76
28,274
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FORGE MILL ENTERPRISE LIMITED
Notes to the financial statements
For the year ended 31 January 2024 (continued)
4.
Creditors: amounts falling due within one year.
2024
2023
£
£
Accruals and deferred income
47,351
51,657
VAT
7,613
7,825
Director's current account
126,318
102,983
181,282
162,465
5.
.
Share Capital
2024
£
2023
£
Authorised
1 Ordinary Equity Share of £1
1
1
6 .
Related Party Transactions
The Company is under the control of Mr Hartley Walker who owns 100% of the share capital of the company.
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