Forge Car Sales Limited,Ltd - AccountsLtd - Accounts

Forge Car Sales Limited,Ltd - AccountsLtd - Accounts

FORGE CAR SALES LIMITED - Company Information

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2022-04-01 06527793 2023-03-31 06527793 2022-04-01 2023-03-31 06527793 2022-03-31 06527793 2021-04-01 2022-03-31 06527793 uk-core:WithinOneYear uk-bus:Original 2022-03-31 06527793 uk-core:WithinOneYear uk-bus:Original 2023-03-31 06527793 uk-core:ShareCapital uk-bus:Original 2023-03-31 06527793 uk-core:ShareCapital uk-bus:Original 2022-03-31 06527793 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 06527793 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 06527793 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure 06527793 uk-bus:AuditExempt-NoAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 06527793 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 06527793 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 06527793 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31
Forge Car Sales Limited
Registered Number:06527793
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Forge Car Sales Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06527793
As at 31 March 2023
Forge Car Sales Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
298
397
2
298
397
Current assets
Inventories
60,300
79,200
3
Trade and other receivables
15,305
15,070
4
8,233
Cash and cash equivalents
489
94,759
83,838
Trade and other payables: amounts falling due within one
year
(147)
(17,165)
5
83,691
77,594
Net current assets
Total assets less current liabilities
77,892
84,088
77,892
Net assets
84,088
Capital and reserves
Called up share capital
2
2
Retained earnings
77,890
84,086
77,892
84,088
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
G L Wedlake Director
These financial statements were approved and authorised for issue by the Board on 30 October 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2023
Forge Car Sales Limited
Notes to the Financial Statements
Statutory Information
Forge Car Sales Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06527793.
Registered address:
53 Greenleaze
Bristol
BS4 2TL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2022
3,467
At 31 March 2023
3,467
Provision for depreciation and impairment
At 01 April 2022
3,070
Charge for year
99
At 31 March 2023
3,169
At 31 March 2023
Net book value
298
At 31 March 2022
397
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5
For the year ended 31 March 2023
Forge Car Sales Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
79,200
60,300
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,070
5,070
Other debtors
10,000
10,235
15,305
15,070
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
17,165
147
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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