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REGISTERED NUMBER: 09751696 (England and Wales)















The Olde Forge Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






The Olde Forge Limited (Registered number: 09751696)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Olde Forge Limited

Company Information
for the Year Ended 31 August 2024







Director: Graham R Hodkinson





Registered office: Unit 5
Bewick Street
Bolton
BL2 3BB





Registered number: 09751696 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

The Olde Forge Limited (Registered number: 09751696)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 24,046 32,115

Current assets
Stocks 250 250
Debtors 5 1,287 1,003
Cash at bank 35,567 47,546
37,104 48,799
Creditors
Amounts falling due within one year 6 50,685 65,508
Net current liabilities (13,581 ) (16,709 )
Total assets less current liabilities 10,465 15,406

Creditors
Amounts falling due after more than one
year

7

(5,250

)

(8,750

)

Provisions for liabilities 8 (4,569 ) (4,849 )
Net assets 646 1,807

The Olde Forge Limited (Registered number: 09751696)

Statement of Financial Position - continued
31 August 2024

2024 2023
Notes £    £    £   
Capital and reserves
Called up share capital 9 100 100
Retained earnings 546 1,707
Shareholders' funds 646 1,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 29 May 2025 and were signed by:





Graham R Hodkinson - Director


The Olde Forge Limited (Registered number: 09751696)

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

1. Statutory information

The Olde Forge 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 for the manufacture of iron gates and railings.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


The Olde Forge Limited (Registered number: 09751696)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 September 2023
and 31 August 2024 1,195 620 37,000 38,815
Depreciation
At 1 September 2023 684 620 5,396 6,700
Charge for year 168 - 7,901 8,069
At 31 August 2024 852 620 13,297 14,769
Net book value
At 31 August 2024 343 - 23,703 24,046
At 31 August 2023 511 - 31,604 32,115

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 1,287 1,003

The Olde Forge Limited (Registered number: 09751696)

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

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 3,500 3,500
Trade creditors 934 524
Taxation and social security 594 -
Other creditors 45,657 61,484
50,685 65,508

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 5,250 8,750

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 4,569 4,849

Deferred
tax
£   
Balance at 1 September 2023 4,849
Provided during year (280 )
Balance at 31 August 2024 4,569

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100