Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05255127 Mr N E Dent Mrs L Dent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05255127 2023-10-31 05255127 2024-10-31 05255127 2023-11-01 2024-10-31 05255127 frs-core:CurrentFinancialInstruments 2024-10-31 05255127 frs-core:Non-currentFinancialInstruments 2024-10-31 05255127 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05255127 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05255127 frs-core:NetGoodwill 2024-10-31 05255127 frs-core:NetGoodwill 2023-11-01 2024-10-31 05255127 frs-core:NetGoodwill 2023-10-31 05255127 frs-core:MotorVehicles 2024-10-31 05255127 frs-core:MotorVehicles 2023-11-01 2024-10-31 05255127 frs-core:MotorVehicles 2023-10-31 05255127 frs-core:PlantMachinery 2024-10-31 05255127 frs-core:PlantMachinery 2023-11-01 2024-10-31 05255127 frs-core:PlantMachinery 2023-10-31 05255127 frs-core:ShareCapital 2024-10-31 05255127 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05255127 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05255127 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05255127 frs-bus:SmallEntities 2023-11-01 2024-10-31 05255127 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05255127 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05255127 frs-bus:Director1 2023-11-01 2024-10-31 05255127 frs-bus:Director2 2023-11-01 2024-10-31 05255127 frs-countries:EnglandWales 2023-11-01 2024-10-31 05255127 2022-10-31 05255127 2023-10-31 05255127 2022-11-01 2023-10-31 05255127 frs-core:CurrentFinancialInstruments 2023-10-31 05255127 frs-core:Non-currentFinancialInstruments 2023-10-31 05255127 frs-core:ShareCapital 2023-10-31 05255127 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05255127
Forge Auto Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Stowe and Ager Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05255127
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 61,712 56,175
61,712 56,175
CURRENT ASSETS
Stocks 6 2,200 2,200
Debtors 7 26,363 27,002
Cash at bank and in hand 89,946 85,998
118,509 115,200
Creditors: Amounts Falling Due Within One Year 8 (30,929 ) (43,843 )
NET CURRENT ASSETS (LIABILITIES) 87,580 71,357
TOTAL ASSETS LESS CURRENT LIABILITIES 149,292 127,532
Creditors: Amounts Falling Due After More Than One Year 9 (3,500 ) (9,500 )
NET ASSETS 145,792 118,032
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 145,692 117,932
SHAREHOLDERS' FUNDS 145,792 118,032
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For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N E Dent
Director
16 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Forge Auto Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05255127 . The registered office is Unit 35 Empire Industrial Estate, Brickyard Road, Aldridge, Walsall, West Midlands, WS9 8UY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 24,000
As at 31 October 2024 24,000
Amortisation
As at 1 November 2023 24,000
As at 31 October 2024 24,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 60,266 77,005 137,271
Additions 26,660 10,417 37,077
Disposals (5,250 ) (12,500 ) (17,750 )
As at 31 October 2024 81,676 74,922 156,598
...CONTINUED
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Depreciation
As at 1 November 2023 41,984 39,112 81,096
Provided during the period 10,252 10,320 20,572
Disposals (1,313 ) (5,469 ) (6,782 )
As at 31 October 2024 50,923 43,963 94,886
Net Book Value
As at 31 October 2024 30,753 30,959 61,712
As at 1 November 2023 18,282 37,893 56,175
6. Stocks
2024 2023
£ £
Materials 2,200 2,200
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 27,002
Other debtors 26,363 -
26,363 27,002
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,319 8,561
Bank loans and overdrafts 6,000 6,000
Corporation tax 5,213 7,860
Other taxes and social security 358 409
VAT 6,891 3,487
Accruals and deferred income 711 1,138
Directors' loan accounts 1,437 16,388
30,929 43,843
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,500 9,500
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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