Registration number: 11860857

The Forge Prees Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

The Forge Prees Limited

Company Information

Director

Mr C J L Davies

Registered office

Whitchurch Road Prees Whitchurch Shropshire SY13 2DE

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

The Forge Prees Limited

(Registration number: 11860857)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	50,170	40,643
Current assets
Stocks	5	403,123	363,183
Debtors	6	83,314	1,584
Cash at bank and in hand		63,224	159,626
		549,661	524,393
Creditors: Amounts falling due within one year	7	(626,027)	(624,919)
Net current liabilities		(76,366)	(100,526)
Net liabilities		(26,196)	(59,883)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(26,296)	(59,983)
Shareholders' deficit		(26,196)	(59,883)

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 10 November 2025
 

Mr C J L Davies Director

The Forge Prees 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 and Wales.

The address of its registered office is:
Whitchurch Road
Prees
Whitchurch
Shropshire
SY13 2DE

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.

Going concern

The financial statements have been prepared on a going concern basis. The director will continue to support the company to ensure all liabilities are met as they fall due.

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.

The Forge Prees Limited

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

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
Leasehold improvements	Over 15 years straight line
Motor vehicles	Over 5 years straight line
Plant and equipment	Over 5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	50,179	9,000	11,058	70,237
Additions	-	-	14,925	14,925
At 31 March 2025	50,179	9,000	25,983	85,162
Depreciation
At 1 April 2024	13,229	9,000	7,365	29,594
Charge for the year	3,345	-	2,053	5,398
At 31 March 2025	16,574	9,000	9,418	34,992
Carrying amount
At 31 March 2025	33,605	-	16,565	50,170
At 31 March 2024	36,950	-	3,693	40,643

Included within the net book value of land and buildings above is £33,605 (2024 - £36,950) in respect of long leasehold land and buildings.
 

The Forge Prees Limited

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

5

Stocks

	2025 £	2024 £
Other inventories	403,123	363,183

6

Debtors

	2025 £	2024 £
Trade debtors	78,035	-
Prepayments	5,279	1,584
	83,314	1,584

The Forge Prees Limited

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

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,183	4,076
Taxation and social security	3,696	998
Accruals and deferred income	2,626	1,577
Other creditors	616,522	618,268
	626,027	624,919

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary of £1 each	90	90	90	90
B Ordinary of £1 each	5	5	5	5
C Ordinary of £1 each	5	5	5	5
	100	100	100	100

9	Related party transactions

The company is controlled by the director.

At 31 March 2025 there was a balance of £616,522 (2024 - £618,268) due to the director, which is included in Other creditors. This balance is unsecured, interest free and with no fixed terms of repayment.