1 June 2024 false Taxfiler 2024.6 14086424business:PrivateLimitedCompanyLtd2024-06-012024-09-30 140864242024-05-31 140864242024-06-012024-09-30 14086424business:AuditExemptWithAccountantsReport2024-06-012024-09-30 14086424business:FilletedAccounts2024-06-012024-09-30 140864242024-09-30 14086424business:Director12024-06-012024-09-30 14086424business:Director22024-06-012024-09-30 14086424business:RegisteredOffice2024-06-012024-09-30 140864242024-05-31 14086424core:WithinOneYear2024-09-30 14086424core:WithinOneYear2024-05-31 14086424core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 14086424core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14086424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 14086424core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14086424core:PreviouslyStatedAmount2024-09-30 14086424core:PreviouslyStatedAmount2024-05-31 14086424business:SmallEntities2024-06-012024-09-30 14086424countries:EnglandWales2024-06-012024-09-30 14086424core:PlantMachinery2024-06-012024-09-30 14086424core:MotorVehicles2024-06-012024-09-30 14086424core:PlantMachinery2024-05-31 14086424core:MotorVehicles2024-05-31 14086424core:PlantMachinery2024-09-30 14086424core:MotorVehicles2024-09-30 14086424core:AfterOneYear2024-09-30 14086424core:AfterOneYear2024-05-31 140864242023-06-012024-05-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
Foamworks Insulation (UK) Ltd Statement of financial position as at 30 September 2024
30/09/2024 
31/05/2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
26,660 
Current assets
Debtors
11 
6,669 
Creditors: amounts falling due within one year
(21,658)
(41,051)
Net current liabilities
(21,647)
(34,382)
Net liabilities
(21,647)
(7,722)
Capital and reserves
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
- 5 -
Foamworks Insulation (UK) Ltd Notes to the Accounts for the period from 1 June 2024 to 30 September 2024
1
Statutory information
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.
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 period, 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.
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
- 
- 
- 
Depreciation
At 1 June 2024
12,335 
7,293 
19,628 
On disposals
(12,335)
(7,293)
(19,628)
At 30 September 2024
- 
- 
- 
Net book value
At 30 September 2024
- 
- 
- 
At 31 May 2024
16,963 
9,697 
26,660 
- 6 -
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
Trade debtors
- 
4,870 
Accrued income and prepayments
- 
265 
Other debtors
11 
1,534 
11 
6,669 
6
Creditors: amounts falling due within one year
30/09/2024 
31/05/2024 
£ 
£ 
Bank loans and overdrafts
- 
38 
VAT
195 
- 
Trade creditors
- 
5,020 
Loans from directors
21,463 
34,989 
Accruals
- 
1,004 
21,658 
41,051 
7
Average number of employees
During the period the average number of employees was 0 (31/05/2024: 3).
- 7 -