| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 3 November 2023 to 30 April 2025 |
| for |
| BEAUFORD FORGE LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 3 November 2023 to 30 April 2025 |
| for |
| BEAUFORD FORGE LIMITED |
| BEAUFORD FORGE LIMITED (REGISTERED NUMBER: 15259920) |
| Contents of the Financial Statements |
| for the period 3 November 2023 to 30 April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BEAUFORD FORGE LIMITED |
| Company Information |
| for the period 3 November 2023 to 30 April 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 11 Laura Place |
| Bath |
| BA2 4BL |
| BEAUFORD FORGE LIMITED (REGISTERED NUMBER: 15259920) |
| Balance Sheet |
| 30 April 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BEAUFORD FORGE LIMITED (REGISTERED NUMBER: 15259920) |
| Notes to the Financial Statements |
| for the period 3 November 2023 to 30 April 2025 |
| 1. | STATUTORY INFORMATION |
| Beauford Forge Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors have prepared the financial statements on a going concern basis despite the deficit on the balance sheet in the belief that, with the support of the directors, the company is in a position to continue trading. |
| Critical accounting judgements and key sources of estimation uncertainty |
| No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax, recognised when services are rendered. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties. |
| Financial assets that are measured at cost and amortised cost are 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 profit or loss. |
| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract. |
| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date. |
| Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Taxation |
| Taxation for the period 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 balance sheet date. |
| BEAUFORD FORGE LIMITED (REGISTERED NUMBER: 15259920) |
| Notes to the Financial Statements - continued |
| for the period 3 November 2023 to 30 April 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| 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. |
| Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| Additions |
| At 30 April 2025 |
| NET BOOK VALUE |
| At 30 April 2025 |
| Investment property is included at market value. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| VAT |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Other creditors |
| Directors' current accounts | 114,025 |
| Accruals and deferred income |
| BEAUFORD FORGE LIMITED (REGISTERED NUMBER: 15259920) |
| Notes to the Financial Statements - continued |
| for the period 3 November 2023 to 30 April 2025 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary A | £1 | 574 |
| Ordinary B | £1 | 225 |
| Ordinary C | £1 | 201 |
| 1,000 |
| The following shares were allotted and fully paid for cash at par during the period: |
| 574 Ordinary A shares of £1 each |
| 225 Ordinary B shares of £1 each |
| 201 Ordinary C shares of £1 each |
| 1 Ordinary C share was issued on incorporation. |
| On 3rd November 2023 a further 200 C shares were issued. |
| On 4th November 2023, 574 Ordinary A shares and 225 Ordinary B shares were issued |
| All shares rank pari passu. |