Forge Dynamic Limited - Period Ending 2015-03-31

Registration number: 06432973

Forge Dynamic Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Metric Accountants Ltd
The Media Village
131-151 Great Titchfield Street
London
W1W 5BB

Forge Dynamic Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Forge Dynamic Limited
(Registration number: 06432973)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					794			929
Current assets
Debtors					15,848			13,072
Cash at bank and in hand					5,764			-
					21,612			13,072
Creditors: Amounts falling due within one year					(14,930)			(12,841)
Net current assets					6,682			231
Total assets less current liabilities					7,476			1,160
Provisions for liabilities					(159)			(186)
Net assets					7,317			974
Capital and reserves
Called up share capital		3			20			20
Profit and loss account					7,297			954
Shareholders' funds					7,317			974

For the year ending 31 March 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 21 September 2015

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Forge Dynamic Limited
(Registration number: 06432973)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
Mr E R A Benson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Forge Dynamic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	33%

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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Forge Dynamic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		3,666			3,666
Additions		834			834
At 31 March 2015		4,500			4,500
Depreciation
At 1 April 2014		2,737			2,737
Charge for the year		969			969
At 31 March 2015		3,706			3,706
Net book value
At 31 March 2015		794			794
At 31 March 2014		929			929

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		20			20			20			20

4	Related party transactions

During the year, total dividends of £16,462 were paid to the director.

Page 4