Company Registration No. 07629893 (England and Wales)
Formika Ltd
Unaudited accounts
for the year ended 31 May 2023
Formika Ltd
Unaudited accounts
Contents
Formika Ltd
Company Information
for the year ended 31 May 2023
Company Number
07629893 (England and Wales)
Registered Office
35 Prince of Wales Road
Sutton
Surrey
SM1 3PE
England
Formika Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
30,205
33,757
Cash at bank and in hand
(881)
9,213
Creditors: amounts falling due within one year
(9,410)
(19,510)
Net current (liabilities)/assets
(8,506)
9,746
Total assets less current liabilities
21,699
43,503
Creditors: amounts falling due after more than one year
(55,777)
(44,409)
Net liabilities
(34,078)
(906)
Called up share capital
2
2
Profit and loss account
(34,080)
(908)
Shareholders' funds
(34,078)
(906)
For the year ending 31 May 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2024 and were signed on its behalf by
NazarSINITOVYCH
Director
Company Registration No. 07629893
Formika Ltd
Notes to the Accounts
for the year ended 31 May 2023
Formika Ltd is a private company, limited by shares, registered in England and Wales, registration number 07629893. The registered office is 35 Prince of Wales Road , Sutton, Surrey, SM1 3PE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
46,999
3,829
50,828
At 31 May 2023
46,999
2,930
49,929
At 1 June 2022
15,195
1,876
17,071
Charge for the year
2,820
732
3,552
At 31 May 2023
18,015
1,709
19,724
At 31 May 2023
28,984
1,221
30,205
At 31 May 2022
31,804
1,953
33,757
Amounts falling due within one year
Formika Ltd
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
6,559
Taxes and social security
9,522
12,781
Loans from directors
(112)
170
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).