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REGISTERED NUMBER: 11493180 (England and Wales)














Financial Statements for the Year Ended 31 July 2024

for

Helions Forge Ltd

Helions Forge Ltd (Registered number: 11493180)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Helions Forge Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr S J Cope
Mr J A Cope
Mr N G W Martin
Mr S F Moore





REGISTERED OFFICE: Unit 1, Park Dairy Mill Road
West Wratting
Cambridge
Cambridgeshire
CB21 5LT





REGISTERED NUMBER: 11493180 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Helions Forge Ltd (Registered number: 11493180)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,209 20,188

CURRENT ASSETS
Stocks 28,793 26,000
Debtors 5 12,624 54
Cash at bank and in hand 20,457 23,602
61,874 49,656
CREDITORS
Amounts falling due within one year 6 33,142 34,155
NET CURRENT ASSETS 28,732 15,501
TOTAL ASSETS LESS CURRENT LIABILITIES 53,941 35,689

CREDITORS
Amounts falling due after more than one
year

7

7,663

6,000
NET ASSETS 46,278 29,689

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,178 29,589
46,278 29,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Helions Forge Ltd (Registered number: 11493180)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:




Mr S J Cope - Director Mr J A Cope - Director




Mr N G W Martin - Director Mr S F Moore - Director


Helions Forge Ltd (Registered number: 11493180)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Helions Forge Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

Helions Forge Ltd (Registered number: 11493180)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 18,186 3,621 6,900 906 29,613
Additions 3,776 - 6,995 - 10,771
At 31 July 2024 21,962 3,621 13,895 906 40,384
DEPRECIATION
At 1 August 2023 4,680 1,005 3,216 524 9,425
Charge for year 2,593 392 2,670 95 5,750
At 31 July 2024 7,273 1,397 5,886 619 15,175
NET BOOK VALUE
At 31 July 2024 14,689 2,224 8,009 287 25,209
At 31 July 2023 13,506 2,616 3,684 382 20,188

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 6,995
At 31 July 2024 6,995
DEPRECIATION
Charge for year 1,749
At 31 July 2024 1,749
NET BOOK VALUE
At 31 July 2024 5,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 12,624 54

Helions Forge Ltd (Registered number: 11493180)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 3,000 3,000
Hire purchase contracts 2,332 -
Trade creditors 1,648 8,718
Taxation and social security 16,199 10,834
Other creditors 9,963 11,603
33,142 34,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 3,000 6,000
Hire purchase contracts 4,663 -
7,663 6,000

8. RELATED PARTY DISCLOSURES

The Directors Mr S J Cope, Mr J A Cope, Mr N G W Martin and Mr S F Moore are considered to be the key management personnel.