Registered number
08392135
FORMSTRONG LTD
Filleted Accounts
29 February 2024
FORMSTRONG LTD
Registered number: 08392135
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 182,921 182,921
Current assets
Cash at bank and in hand 13,443 9,056
Creditors: amounts falling due within one year 4 (202,093) (201,995)
Net current liabilities (188,650) (192,939)
Net liabilities (5,729) (10,018)
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,730) (10,019)
Shareholder's funds (5,729) (10,018)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H B Popat
Director
Approved by the board on 17 October 2024
FORMSTRONG LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Going concern basis
The accounts have been prepared on a going concern basis assuming continuing financial support by the director and shareholder.
Tangible fixed assets
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Transitional exemption advantage has ben taken to include fair value or revaluation as deemed cost as fair value cannot be measured reliably.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 182,921
At 29 February 2024 182,921
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 182,921
At 28 February 2023 182,921
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,683 744
Director's loan 182,989 182,989
Other creditors 17,421 18,262
202,093 201,995
5 Other information
FORMSTRONG LTD is a private company limited by shares and incorporated in England. Its registered office is:
38-40 Station Road
Woodford Halse
Daventry
Northants
NN11 3RB
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