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Company Registration No. 11374669 (England and Wales)
Formatt Refurbishment Ltd Unaudited accounts for the year ended 31 May 2024
Formatt Refurbishment Ltd Unaudited accounts Contents
Page
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Formatt Refurbishment Ltd Company Information for the year ended 31 May 2024
Director
Mateusz Wygoda
Company Number
11374669 (England and Wales)
Registered Office
144 SEYMOUR AVENUE LONDON SM4 4QY ENGLAND
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Formatt Refurbishment Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,054 
- 
Current assets
Debtors
32,801 
6,407 
Cash at bank and in hand
6,498 
12,060 
39,299 
18,467 
Creditors: amounts falling due within one year
- 
(4,301)
Net current assets
39,299 
14,166 
Total assets less current liabilities
51,353 
14,166 
Creditors: amounts falling due after more than one year
(42,603)
(6,645)
Net assets
8,750 
7,521 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,748 
7,519 
Shareholders' funds
8,750 
7,521 
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 director acknowledges his 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 and authorised for issue on 2 July 2024 and were signed on its behalf by
Mateusz Wygoda Director Company Registration No. 11374669
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Formatt Refurbishment Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Formatt Refurbishment Ltd is a private company, limited by shares, registered in England and Wales, registration number 11374669. The registered office is 144 SEYMOUR AVENUE, LONDON, SM4 4QY, 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: 4 years 25%
Motor vehicles
Van LB24HNZ
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
- 
- 
Additions
11,304 
999 
12,303 
At 31 May 2024
11,304 
999 
12,303 
Depreciation
Charge for the year
- 
249 
249 
At 31 May 2024
- 
249 
249 
Net book value
At 31 May 2024
11,304 
750 
12,054 
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Formatt Refurbishment Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
12,803 
93 
Accrued income and prepayments
- 
6,314 
Other debtors
19,998 
- 
32,801 
6,407 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
- 
4,301 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
42,603 
- 
Taxes and social security
- 
6,645 
42,603 
6,645 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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