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REGISTERED NUMBER: 03565579 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Formulair Limited

Formulair Limited (Registered number: 03565579)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Formulair Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr Harry G McLaren





SECRETARY: Mrs June McLaren





REGISTERED OFFICE: 10 Cromwell Place
South Kensington
London
SW7 2JN





REGISTERED NUMBER: 03565579 (England and Wales)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Formulair Limited (Registered number: 03565579)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,678 110,678

CURRENT ASSETS
Cash at bank 778 21,157

CREDITORS
Amounts falling due within one year 5 96,373 116,241
NET CURRENT LIABILITIES (95,595 ) (95,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,083

15,594

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 15,081 15,592
SHAREHOLDERS' FUNDS 15,083 15,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Formulair Limited (Registered number: 03565579)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





Mr Harry G McLaren - Director


Formulair Limited (Registered number: 03565579)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Formulair Limited is a private company, limited by shares , registered in England and Wales. 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.
Heritable property - not provided
Fittings and equipment - 25% on cost
Computer equipment - 33.33% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Formulair Limited (Registered number: 03565579)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fittings
Heritable and Computer
property equipment equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 110,678 3,810 17,086 131,574
DEPRECIATION
At 1 May 2023
and 30 April 2024 - 3,810 17,086 20,896
NET BOOK VALUE
At 30 April 2024 110,678 - - 110,678
At 30 April 2023 110,678 - - 110,678

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 19,097 12,859
Other creditors 77,276 103,382
96,373 116,241

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Formulair Limited (Registered number: 03565579)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. RESERVES
Retained
earnings
£   

At 1 May 2023 15,592
Profit for the year 65,489
Dividends (66,000 )
At 30 April 2024 15,081

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Harry G McLaren.