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Company Registration No. 13480899 (England and Wales)
FOAMEX LIMITED Unaudited accounts for the year ended 31 May 2024
FOAMEX LIMITED Unaudited accounts Contents
Page
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FOAMEX LIMITED Company Information for the year ended 31 May 2024
Directors
Aaron Patrick Perrins Richard Daniel Waterworth
Company Number
13480899 (England and Wales)
Registered Office
3 MOORSOM WAY BROMSGROVE B60 3SH ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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FOAMEX LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
240 
- 
Tangible assets
41,527 
25,366 
41,767 
25,366 
Current assets
Debtors
29,293 
5,291 
Cash at bank and in hand
7,820 
9,449 
37,113 
14,740 
Creditors: amounts falling due within one year
(1,980)
7,186 
Net current assets
35,133 
21,926 
Total assets less current liabilities
76,900 
47,292 
Creditors: amounts falling due after more than one year
(37,825)
(34,100)
Net assets
39,075 
13,192 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
39,074 
13,191 
Shareholders' funds
39,075 
13,192 
For the year ending 31 May 2024 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 10 July 2024 and were signed on its behalf by
Aaron Patrick Perrins Director Company Registration No. 13480899
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FOAMEX LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
FOAMEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13480899. The registered office is 3 MOORSOM WAY, BROMSGROVE, B60 3SH, 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
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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Straight Line Method
Computer equipment
25% Straight Line Method
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated his support will continue for the foreseeable future.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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FOAMEX LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
- 
Additions
300 
At 31 May 2024
300 
Amortisation
At 1 June 2023
- 
Charge for the year
60 
At 31 May 2024
60 
Net book value
At 31 May 2024
240 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
30,724 
1,048 
31,772 
Additions
27,462 
797 
28,259 
At 31 May 2024
58,186 
1,845 
60,031 
Depreciation
At 1 June 2023
6,144 
262 
6,406 
Charge for the year
11,636 
462 
12,098 
At 31 May 2024
17,780 
724 
18,504 
Net book value
At 31 May 2024
40,406 
1,121 
41,527 
At 31 May 2023
24,580 
786 
25,366 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,234 
- 
Trade debtors
28,059 
4,990 
Accrued income and prepayments
- 
300 
29,293 
5,290 
Amounts falling due after more than one year
Other debtors
- 
1 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
(8,481)
Accruals
1,980 
1,295 
1,980 
(7,186)
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FOAMEX LIMITED Notes to the Accounts for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
15,825 
- 
Loans from directors
22,000 
34,100 
37,825 
34,100 
9
Transactions with related parties
At the year end, there was a balance of £10,000 owed to director Mr Aaron Perrins and a balance of £12,000 owed to director Richard Waterworth.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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