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REGISTERED NUMBER: 10070676 (England and Wales)















THE FOUNDRY DECORATIVE STEELWORKS
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






THE FOUNDRY DECORATIVE STEELWORKS
LIMITED (REGISTERED NUMBER: 10070676)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FOUNDRY DECORATIVE STEELWORKS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A C Steele





REGISTERED OFFICE: 3 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR





REGISTERED NUMBER: 10070676 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

THE FOUNDRY DECORATIVE STEELWORKS
LIMITED (REGISTERED NUMBER: 10070676)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,980 21,251
18,980 21,251

CURRENT ASSETS
Stocks 11,600 10,000
Debtors 6 23,798 7,990
Cash at bank 116,416 95,085
151,814 113,075
CREDITORS
Amounts falling due within one year 7 72,494 59,041
NET CURRENT ASSETS 79,320 54,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,300

75,285

PROVISIONS FOR LIABILITIES 4,750 4,050
NET ASSETS 93,550 71,235

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,450 71,135
93,550 71,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 FOUNDRY DECORATIVE STEELWORKS
LIMITED (REGISTERED NUMBER: 10070676)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





A C Steele - Director


THE FOUNDRY DECORATIVE STEELWORKS
LIMITED (REGISTERED NUMBER: 10070676)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

The Foundry Decorative Steelworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


THE FOUNDRY DECORATIVE STEELWORKS
LIMITED (REGISTERED NUMBER: 10070676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 35,000
AMORTISATION
At 1 May 2023
and 30 April 2024 35,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

THE FOUNDRY DECORATIVE STEELWORKS
LIMITED (REGISTERED NUMBER: 10070676)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 May 2023 66,999
Additions 4,253
At 30 April 2024 71,252
DEPRECIATION
At 1 May 2023 45,748
Charge for year 6,524
At 30 April 2024 52,272
NET BOOK VALUE
At 30 April 2024 18,980
At 30 April 2023 21,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,473 5,655
Other debtors 2,325 2,335
23,798 7,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,263 18,925
Taxation and social security 29,490 28,582
Other creditors 11,741 11,534
72,494 59,041

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2023 - £56,000) were paid to the director .