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Company Registration No. 11586088 (England and Wales)
Forged Spirits Ltd Unaudited accounts for the year ended 30 September 2024
Forged Spirits Ltd Unaudited accounts Contents
Page
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Forged Spirits Ltd Company Information for the year ended 30 September 2024
Directors
Gary Ford Victoria Ford
Company Number
11586088 (England and Wales)
Registered Office
6 Howcroft Court Wakefield WF2 6TP
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Forged Spirits Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,299 
64,904 
Current assets
Inventories
8,568 
8,568 
Debtors
3,856 
21,573 
Cash at bank and in hand
14,088 
26,340 
26,512 
56,481 
Creditors: amounts falling due within one year
(23,234)
(33,082)
Net current assets
3,278 
23,399 
Total assets less current liabilities
58,577 
88,303 
Creditors: amounts falling due after more than one year
(12,981)
(16,273)
Net assets
45,596 
72,030 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
45,594 
72,028 
Shareholders' funds
45,596 
72,030 
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by
Gary Ford Director Company Registration No. 11586088
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Forged Spirits Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Forged Spirits Ltd is a private company, limited by shares, registered in England and Wales, registration number 11586088. The registered office is 6 Howcroft Court, Wakefield, WF2 6TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Forged Spirits Ltd Notes to the Accounts for the year ended 30 September 2024
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
58,234 
17,800 
18,509 
5,283 
99,826 
Additions
2,599 
- 
1,083 
1,283 
4,965 
At 30 September 2024
60,833 
17,800 
19,592 
6,566 
104,791 
Depreciation
At 1 October 2023
23,210 
6,645 
3,143 
1,924 
34,922 
Charge for the year
7,276 
2,231 
4,022 
1,041 
14,570 
At 30 September 2024
30,486 
8,876 
7,165 
2,965 
49,492 
Net book value
At 30 September 2024
30,347 
8,924 
12,427 
3,601 
55,299 
At 30 September 2023
35,024 
11,155 
15,366 
3,359 
64,904 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,595 
6,902 
Accrued income and prepayments
1,261 
14,671 
3,856 
21,573 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,223 
2,709 
VAT
4,004 
4,509 
Trade creditors
1,515 
2,284 
Taxes and social security
14,323 
23,413 
Other creditors
- 
78 
Loans from directors
169 
89 
23,234 
33,082 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,981 
16,273 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Forged Spirits Ltd Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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