Company registration number: 14537048
Unaudited financial statements
for the period ended 28 February 2024
for
Formula Wallace Ltd
Pages for filing with the Registrar
Company registration number: 14537048
Formula Wallace Ltd
Balance sheet
as at 28 February 2024
£ £
Current assets
Debtors 1,849,469
1,849,469
Creditors: amounts falling due within
one year
(1,850,119)
Net current liabilities (650)
NET LIABILITIES (650)
Capital and reserves
Called up share capital 100
Profit and loss account (750)
TOTAL EQUITY (650)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 28 February 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
The 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 10 September 2024 and signed on its behalf by:
Mr A Wallace, Director
10 September 2024
1
Formula Wallace Ltd
Notes to the financial statements
for the period ended 28 February 2024
1 Company information
The company is registered in England and Wales. Its registered number is 14537048. The company is limited by shares. Its registered office is Building 1000, Cambridge Research Park, Waterbeach, Cambridge, CB25 9PD.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
3 Average number of employees
During the period the average number of employees was Nil.
2