FOLDMICRO LIMITED

Company Registration Number:
03066812 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

FOLDMICRO LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

FOLDMICRO LIMITED

Company Information

for the Period Ended 30 June 2024




Director: O B Hepworth
Secretary: O B Hepworth
Registered office: Hepworth
Bulwarks Lane
Glastonbury
England
BA6 8JL
Company Registration Number: 03066812 (England and Wales)

FOLDMICRO LIMITED

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) ( 4,355 ) ( 3,822 )
Administrative Expenses ( 34 ) ( 13 )
Operating Profit or (Loss) ( 4,389 ) ( 3,835 )
Profit or (Loss) Before Tax ( 4,389 ) ( 3,835 )
Profit or (Loss) for Period ( 4,389 ) ( 3,835 )

The notes form part of these financial statements

FOLDMICRO LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 200,000 200,000
Total fixed assets: 200,000 200,000
Current assets
Total assets less current liabilities: 200,000 200,000
Creditors: amounts falling due after more than one year: ( 89,649 ) ( 85,260 )
Total net assets (liabilities): 110,351 114,740

The notes form part of these financial statements

FOLDMICRO LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 60 60
Revaluation reserve: 5 108,552 108,552
Profit and loss account: 1,739 6,128
Shareholders funds: 110,351 114,740

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 November 2024
And Signed On Behalf Of The Board By:

Name: O B Hepworth
Status: Director

The notes form part of these financial statements

FOLDMICRO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOLDMICRO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

FOLDMICRO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

FOLDMICRO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 200,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2024 200,000
Depreciation
At 01 July 2023 -
Charge for year -
On disposals -
Other adjustments -
At 30 June 2024 -
Net book value
At 30 June 2024 200,000
At 30 June 2023 200,000

FOLDMICRO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Revaluation reserve


2024
£
Balance at 01 July 2023 108,552
Surplus or deficit after revaluation 0
Balance at 30 June 2024 108,552

FOLDMICRO LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6.1.Related party disclosures

Name of related party: Wye Property Limited
Description of relationship:
Wye Property Limited and Foldmicro Limited have common shareholders and director
Description of the transaction:
The Company received a variable interest loan from Wye Property Limited. The loan is repayable upon 12 months notice.
Balance at 01 July 2023 23,127
Balance at 30 June 2024 23,127

Name of related party: O B Hepworth and A V Llewelyn
Description of relationship:
O B Hpeowrth and A V Llewelyn are shareholders in the Company
Description of the transaction:
Loan to the Company repayable on 12 months notice
Balance at 01 July 2023 62,133
Balance at 30 June 2024 66,522