REGISTERED NUMBER: 10659400 (England and Wales)

THE FORGE KITCHEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Owen

Mrs R Owen

REGISTERED OFFICE:

8 Church Green East

Redditch

B98 8BP

REGISTERED NUMBER:

10659400 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Property, plant and equipment

4

211,974

179,151

CURRENT ASSETS

Inventories

12,870

19,496

Debtors

5

49,926

70,373

Cash at bank and in hand

(23,749

)

44,176

39,047

134,045

CREDITORS

Amounts falling due within one year

6

378,784

363,521

NET CURRENT LIABILITIES

(339,737

)

(229,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(127,763

)

(50,325

)

CREDITORS

Amounts falling due after more than one year

7

164,325

226,187

NET LIABILITIES

(292,088

)

(276,512

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(292,188

)

(276,612

)

(292,088

)

(276,512

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

G Owen - Director

1.	STATUTORY INFORMATION

The Forge Kitchen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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.

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 year 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 27 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

163,913

90,543

254,456

Additions

-

62,888

62,888

At 31 March 2025

163,913

153,431

317,344

DEPRECIATION

At 1 April 2024

25,747

49,558

75,305

Charge for year

4,098

25,967

30,065

At 31 March 2025

29,845

75,525

105,370

NET BOOK VALUE

At 31 March 2025

134,068

77,906

211,974

At 31 March 2024

138,166

40,985

179,151

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

12,500

Other debtors

49,926

57,873

49,926

70,373

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,315

6,573

Trade creditors

81,025

79,833

Taxation and social security

208,663

257,855

Other creditors

59,781

19,260

378,784

363,521

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

57,325

80,687

Other creditors

107,000

145,500

164,325

226,187

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mrs R Owen

Balance outstanding at start of year

4,568

2,068

Amounts advanced

-

2,500

Amounts repaid

(4,568

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,568