Company registration number 09126455 (England and Wales)
FOUNDRY TRADE JOURNAL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FOUNDRY TRADE JOURNAL LTD
COMPANY INFORMATION
Director
L M Postle
Secretary
Mr A Turner
Company number
09126455
Registered office
Winton House
Lyonshall
Kington
Herefordshire
HR5 3JP
Accountants
Fields Business Advisors Limited
91 Birmingham Road
West Bromwich
West Midlands
B70 6PX
Business address
Winton House
Lyonshall
Kington
Herefordshire
HR5 3JP
FOUNDRY TRADE JOURNAL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
FOUNDRY TRADE JOURNAL LTD
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
263
789
Current assets
Debtors
6
34,775
24,896
Cash at bank and in hand
57,867
81,267
92,642
106,163
Creditors: amounts falling due within one year
7
(76,845)
(76,417)
Net current assets
15,797
29,746
Total assets less current liabilities
16,060
30,535
Creditors: amounts falling due after more than one year
8
(5,000)
(9,000)
Provisions for liabilities
(50)
(150)
Net assets
11,010
21,385
Capital and reserves
Called up share capital
19
19
Profit and loss reserves
10,991
21,366
Total equity
11,010
21,385
FOUNDRY TRADE JOURNAL LTD
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her 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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 18 March 2025
L M Postle
Director
Company registration number 09126455 (England and Wales)
FOUNDRY TRADE JOURNAL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Foundry Trade Journal 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.

1.1
Accounting convention

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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is the amount derived from the sale of goods and services falling within the company's ordinary activities (excluding Value Added Tax).

 

Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to, or are picked up by, the customer.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

1.4
Intangible fixed assets other than goodwill

Other intangible assets represent publication rights purchased in 2016 which last up to 30th September 2019, are being amortised evenly over their estimated life of four years.

1.5
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings
15% on reducing balance
Computers
33% on cost
1.6
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 tax

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.

FOUNDRY TRADE JOURNAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
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.

1.7
Foreign exchange

Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of transaction. Exchange differences in monetary items are recognised in arriving at the operating result.

2
Significant judgements and estimates

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
4
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
10,000
30,000
40,000
Amortisation and impairment
At 1 October 2023 and 30 September 2024
10,000
30,000
40,000
Carrying amount
At 30 September 2024
-
0
-
0
-
0
At 30 September 2023
-
0
-
0
-
0
FOUNDRY TRADE JOURNAL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
5
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
637
11,834
12,471
Depreciation and impairment
At 1 October 2023
326
11,356
11,682
Depreciation charged in the year
48
478
526
At 30 September 2024
374
11,834
12,208
Carrying amount
At 30 September 2024
263
-
0
263
At 30 September 2023
311
478
789
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
31,129
20,900
Other debtors
3,646
3,996
34,775
24,896
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,000
4,000
Trade creditors
22,976
14,335
Corporation tax
8,339
11,640
Other taxation and social security
3,713
2,129
Other creditors
37,817
44,313
76,845
76,417
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,000
9,000
9
Directors' transactions

Dividends totalling £45,500 (2023 - £43,500) were paid in the year in respect of shares held by the company's directors.

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