FORGE PRODUCTS LIMITED

Company Registration Number:
02171548 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

FORGE PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

FORGE PRODUCTS LIMITED

Balance sheet

As at 31 January 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 868,297 805,836
Total fixed assets: 868,297 805,836
Current assets
Debtors:   2,000,689 1,878,593
Cash at bank and in hand: 1,057,354 1,005,665
Total current assets: 3,058,043 2,884,258
Creditors: amounts falling due within one year:   (598,830) (495,765)
Net current assets (liabilities): 2,459,213 2,388,493
Total assets less current liabilities: 3,327,510 3,194,329
Creditors: amounts falling due after more than one year:   (13,334)
Provision for liabilities: (54,000) (46,000)
Total net assets (liabilities): 3,260,176 3,148,329
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,260,076 3,148,229
Shareholders funds: 3,260,176 3,148,329

The notes form part of these financial statements

FORGE PRODUCTS LIMITED

Balance sheet statements

For the year ending 31 January 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 October 2025
and signed on behalf of the board by:

Name: S G CHIPMAN
Status: Director

The notes form part of these financial statements

FORGE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that assets as follows: Freehold property - 4% straight line Plant and machinery - 25% reducing balance

FORGE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 41 39

FORGE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible Assets

Total
Cost £
At 01 February 2024 2,420,781
Additions 189,664
Disposals (52,995)
At 31 January 2025 2,557,450
Depreciation
At 01 February 2024 1,614,945
Charge for year 109,276
On disposals (35,068)
At 31 January 2025 1,689,153
Net book value
At 31 January 2025 868,297
At 31 January 2024 805,836

FORGE PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Loans to directors

Name of director receiving advance or credit: S G Chipman
Description of the loan: During the year SG Chipman entered into the following advances and credits with the company:
£
Balance at 01 February 2024 234,839
Advances or credits made: 111,801
Advances or credits repaid: 80,000
Balance at 31 January 2025 266,640
Name of director receiving advance or credit: D Chipman
Description of the loan: During the year D Chipman entered into the following advances and credits with the company:
£
Balance at 01 February 2024 0
Advances or credits made: 50,000
Balance at 31 January 2025 50,000