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Company Registration No. 14525753 (England and Wales)
Foam Experts Ltd Unaudited accounts for the period from 6 December 2022 to 31 December 2023
Foam Experts Ltd Unaudited accounts Contents
Page
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Foam Experts Ltd Company Information for the period from 6 December 2022 to 31 December 2023
Directors
Yasir Inayat Muhammad Raheel
Company Number
14525753 (England and Wales)
Registered Office
Rodwell House Bentalls Basildon SS14 3SD England
Accountants
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU
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Foam Experts Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
240,000 
Current assets
Debtors
26,755 
Cash at bank and in hand
9,241 
35,996 
Creditors: amounts falling due within one year
(9,408)
Net current assets
26,588 
Total assets less current liabilities
266,588 
Creditors: amounts falling due after more than one year
(307,000)
Net liabilities
(40,412)
Capital and reserves
Called up share capital
100 
Profit and loss account
(40,512)
Shareholders' funds
(40,412)
For the period ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Muhammad Raheel Director Company Registration No. 14525753
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Foam Experts Ltd Notes to the Accounts for the period from 6 December 2022 to 31 December 2023
1
Statutory information
Foam Experts Ltd is a private company, limited by shares, registered in England and Wales, registration number 14525753. The registered office is Rodwell House, Bentalls, Basildon, SS14 3SD, 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.
3
Accounting policies
These financial statements for the period from 6 December 2022 to 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 6 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
205
Motor vehicles
205
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 December 2022
- 
- 
- 
Additions
282,000 
18,000 
300,000 
At 31 December 2023
282,000 
18,000 
300,000 
Depreciation
Charge for the period
3,600 
56,400 
60,000 
At 31 December 2023
3,600 
56,400 
60,000 
Net book value
At 31 December 2023
278,400 
(38,400)
240,000 
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Foam Experts Ltd Notes to the Accounts for the period from 6 December 2022 to 31 December 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
26,755 
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
4,571 
Other creditors
4,837 
9,408 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
4,000 
Loans from directors
303,000 
307,000 
8
Average number of employees
During the period the average number of employees was 0.
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