REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
FORMAIRE ADVISORS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
FORMAIRE ADVISORS LIMITED |
FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291) |
BALANCE SHEET |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank | 7 |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | GENERAL INFORMATION |
The company is a private limited company which is incorporated and domiciled in the United Kingdom. |
The address of the company's registered office is 55 Ludgate Hill, London, EC4M 7JW. |
The principle activity of the company is that of business and management consultancy. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The following accounting policies have been applied: |
Going concern |
The director considers the going concern basis to be appropriate having paid due regard to the Company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of bank facilities and mitigating actions that can be taken during the period. |
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 |
Plant and machinery etc | - |
Taxation |
Tax is recognised in the Statement of income and retained earnings. |
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Creditors |
Short term creditors are measured at the transaction price. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
Valuation of investments |
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
£ |
COST |
At 1 May 2023 |
and 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
5. | FIXED ASSET INVESTMENTS |
Unlisted Investments |
£ |
Cost |
At 1 May 2023 | 45,150 |
At 30 April 2024 | 45,150 |
Impairment |
At 1 May 2023 | 9,030 |
At 30 April 2024 | 9,030 |
Net book value |
At 1 May 2023 | 36,120 |
At 30 April 2024 | 36,120 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Prepayments |
7. | CASH AT BANK |
2024 | 2023 |
£ | £ |
Cash at bank and in hand | 331,120 | 251,380 |
FORMAIRE ADVISORS LIMITED (REGISTERED NUMBER: 06868291) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Corporation tax |
Other creditors | 2,949 | 2,947 |
Accruals |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 1 | 1 | 1 |
10. | RELATED PARTY TRANSACTIONS |
During the year the director settled expenses personally on behalf of the company. At the balance sheet date he was owed £2,949 (2023: £2,947) which is shown within other creditors. The loan is interest free and repayable on demand. |