1 January 2023 v2024.12.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP129320482023-01-012023-12-31129320482023-12-31129320482022-12-3112932048core:WithinOneYear2023-12-3112932048core:WithinOneYear2022-12-3112932048core:ShareCapital2023-12-3112932048core:ShareCapital2022-12-3112932048core:RetainedEarningsAccumulatedLosses2023-12-3112932048core:RetainedEarningsAccumulatedLosses2022-12-3112932048bus:Director12023-01-012023-12-3112932048bus:RegisteredOffice2023-01-012023-12-3112932048core:PlantMachinery2023-01-012023-12-3112932048core:OfficeEquipment2023-01-012023-12-3112932048core:MotorVehicles2023-01-012023-12-31129320482022-01-012022-12-3112932048core:PlantMachinery2023-01-0112932048core:PlantMachinery2023-12-3112932048core:PlantMachinery2022-12-311293204812023-01-012023-12-3112932048countries:EnglandWales2023-01-012023-12-3112932048bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112932048bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112932048bus:SmallEntities2023-01-012023-12-3112932048bus:FullAccounts2023-01-012023-12-31
Company registration number:
12932048
Formwork & Structures Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Formwork & Structures Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1,267,183
 
836,416
 
Current assets    
Debtors 6
804,943
 
759,090
 
Cash at bank and in hand
227,483
 
77,101
 
1,032,426
 
836,191
 
Creditors: amounts falling due within one year 7
(575,471
)
(951,595
)
Net current assets/(liabilities)
456,955
 
(115,404
)
Total assets less current liabilities 1,724,138   721,012  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
1,724,137
 
721,011
 
Shareholders funds
1,724,138
 
721,012
 
For the year ending
31 December 2023
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
22 March 2024
, and are signed on behalf of the board by:
H Eichhoebl
Director
Company registration number:
12932048
Formwork & Structures Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House, 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
10% straight line
Office equipment
33% straight line
Motor vehicles
25% reducing balance basis

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2022:
4.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
979,600
 
Additions
576,504
 
At
31 December 2023
1,556,104
 
Depreciation  
At
1 January 2023
143,184
 
Charge
145,737
 
At
31 December 2023
288,921
 
Carrying amount  
At
31 December 2023
1,267,183
 
At 31 December 2022
836,416
 

6 Debtors

20232022
££
Trade debtors
728,692
 
644,702
 
Other debtors
76,251
 
114,388
 
804,943
 
759,090
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
425,361
 
388,103
 
Taxation and social security
104,266
 
12,675
 
Other creditors
45,844
 
550,817
 
575,471
 
951,595