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Registration number: 06432973

Forge Dynamic Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Forge Dynamic Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Forge Dynamic Limited

Company Information

Director | Mr E Benson

Registered office | Monohaus Unit 16 143 Mare Street London E8 3FW

Forge Dynamic Limited

(Registration number: 06432973)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 865 | 1,210
Current assets |  |  |
Debtors | 5 | 274,942 | 372,111
Cash at bank and in hand |  | 82,126 | 16
|  | 357,068 | 372,127
Creditors: Amounts falling due within one year | 6 | (349,124) | (354,597)
Net current assets |  | 7,944 | 17,530
Total assets less current liabilities |  | 8,809 | 18,740
Creditors: Amounts falling due after more than one year | 6 | (1,775) | (11,388)
Provisions for liabilities |  | (216) | (770)
Net assets |  | 6,818 | 6,582
Capital and reserves |  |  |
Called up share capital |  | 20 | 20
Retained earnings |  | 6,798 | 6,562
Shareholders' funds |  | 6,818 | 6,582

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 December 2025

.........................................

Mr E Benson
Director

Forge Dynamic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Monohaus Unit 16
143 Mare Street
London
E8 3FW
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 33% Straight line basis

Forge Dynamic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Creditors payable within one year
Creditors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Forge Dynamic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 7).

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 20,106 | 20,106
Additions | 530 | 530
Disposals | (3,969) | (3,969)
At 31 March 2025 | 16,667 | 16,667
Depreciation
At 1 April 2024 | 18,896 | 18,896
Charge for the year | 423 | 423
Eliminated on disposal | (3,517) | (3,517)
At 31 March 2025 | 15,802 | 15,802
Carrying amount
At 31 March 2025 | 865 | 865
At 31 March 2024 | 1,210 | 1,210

Forge Dynamic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 160,034 | 282,432
Prepayments | - | 173
Other debtors | - | 5,817
Director loan account | 114,825 | 83,472
Other debtors | 83 | 217
| 274,942 | 372,111

The director's loan accounts is an unsecured loan with director Ed Benson. This loan has no interest rate and is repayable on demand. As at 31 March 2025 this loan totalled £114,825 (2024:£83,472).

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 226,719 | 168,958
Trade creditors |  | 14,426 | 145,223
Taxation and social security |  | 106,639 | 37,891
Other creditors |  | 278 | 510
Accruals |  | 1,062 | 2,015
|  | 349,124 | 354,597
Due after one year |  |  |
Loans and borrowings | 7 | 1,775 | 11,388

During the year the Company has utilised credit cards with interest being accrued at a rate of 1.238%. This amount is repayable on demand.
In April 2023, a floating & fixed charge was created by HSBC secured against all assets held by the Company. This charge remains outstanding at the date of these financial statements.

Forge Dynamic Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Credit card | 216,258 | 126,341
Bank overdrafts | - | 32,393
Bounceback loan | 10,461 | 10,224
| 226,719 | 168,958

| 2025 £ | 2024 £
Non-current loans and borrowings
Bounceback loan | 1,775 | 11,388

During the year the Company continued to repay the Government backed bounceback loan of £50,000. The loan is to repaid in monthly instalments of £833.33 plus 2.5% interest being accrued. As at the balance sheet date the total amount still outstanding was £12,236 (2024: £21,612).

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 20 | 20 | 20 | 20

9 | Control

The controlling party is Mr. E Benson.
The ultimate controlling party is Mr. E Benson.