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REGISTERED NUMBER: SC279358 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FORMFAST LIMITED

FORMFAST LIMITED (REGISTERED NUMBER: SC279358)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORMFAST LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N A A Simpson
J V Simpson





SECRETARY: J V Simpson





REGISTERED OFFICE: Burn of Daff Farm
Downies
Portlethen
Aberdeen
AB12 4QX





REGISTERED NUMBER: SC279358 (Scotland)






FORMFAST LIMITED (REGISTERED NUMBER: SC279358)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204 -

CURRENT ASSETS
Debtors 5 91,524 110,477
Cash at bank and in hand 49,786 17,471
141,310 127,948
CREDITORS
Amounts falling due within one year 6 118,525 112,046
NET CURRENT ASSETS 22,785 15,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,989

15,902

PROVISIONS FOR LIABILITIES 39 -
NET ASSETS 22,950 15,902

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,850 15,802
22,950 15,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FORMFAST LIMITED (REGISTERED NUMBER: SC279358)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





J V Simpson - Director


FORMFAST LIMITED (REGISTERED NUMBER: SC279358)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Formfast Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

FORMFAST LIMITED (REGISTERED NUMBER: SC279358)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 13,960 3,658 17,618
Additions - 212 212
At 31 March 2024 13,960 3,870 17,830
DEPRECIATION
At 1 April 2023 13,960 3,658 17,618
Charge for year - 8 8
At 31 March 2024 13,960 3,666 17,626
NET BOOK VALUE
At 31 March 2024 - 204 204
At 31 March 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,800 23,774
Other debtors 86,724 86,703
91,524 110,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,455 -
Taxation and social security 21,050 11,717
Other creditors 94,020 100,329
118,525 112,046

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors..