Company Registration No. 14086424 (England and Wales)
Foamworks Insulation (UK) Ltd
Unaudited accounts
for the period from 1 June 2024 to 30 September 2024
Foamworks Insulation (UK) Ltd
Unaudited accounts
Contents
Foamworks Insulation (UK) Ltd
Company Information
for the period from 1 June 2024 to 30 September 2024
Directors
Lee Koslicki
Alex Bennett
Company Number
14086424 (England and Wales)
Registered Office
11 CHAPEL LANE
ARNOLD
NOTTINGHAM
NG5 7DR
ENGLAND
Accountants
Select Accountancy Ltd FFA/FIPA FFTA
11 Chapel Lane
Arnold
Nottingham
NG5 7DR
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of Foamworks Insulation (UK) Ltd (The Company) for the period from 1 June 2024 to 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the period from 1 June 2024 to 30 September 2024 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated 18 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the period from 1 June 2024 to 30 September 2024.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Select Accountancy Ltd FFA/FIPA FFTA
Financial Accountants
11 Chapel Lane
Arnold
Nottingham
NG5 7DR
29 November 2024
Foamworks Insulation (UK) Ltd
Statement of financial position
as at 30 September 2024
Creditors: amounts falling due within one year
(21,658)
(41,051)
Net current liabilities
(21,647)
(34,382)
Net liabilities
(21,647)
(7,722)
Called up share capital
2
2
Profit and loss account
(21,649)
(7,724)
Shareholders' funds
(21,647)
(7,722)
For the period ending 30 September 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 2 December 2024 and were signed on its behalf by
Lee Koslicki
Director
Company Registration No. 14086424
Foamworks Insulation (UK) Ltd
Notes to the Accounts
for the period from 1 June 2024 to 30 September 2024
Foamworks Insulation (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 14086424. The registered office is 11 CHAPEL LANE, ARNOLD, NOTTINGHAM, NG5 7DR, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2024
29,298
16,990
46,288
Disposals
(29,298)
(16,990)
(46,288)
At 30 September 2024
-
-
-
At 1 June 2024
12,335
7,293
19,628
On disposals
(12,335)
(7,293)
(19,628)
At 30 September 2024
-
-
-
At 30 September 2024
-
-
-
At 31 May 2024
16,963
9,697
26,660
Foamworks Insulation (UK) Ltd
Notes to the Accounts
for the period from 1 June 2024 to 30 September 2024
5
Debtors
30/09/2024
31/05/2024
Amounts falling due after more than one year
Accrued income and prepayments
-
265
6
Creditors: amounts falling due within one year
30/09/2024
31/05/2024
Bank loans and overdrafts
-
38
Loans from directors
21,463
34,989
7
Average number of employees
During the period the average number of employees was 0 (31/05/2024: 3).