Company Registration No. 13171977 (England and Wales)
FOAM SYSTEM SERVICES LTD
Unaudited accounts
for the year ended 29 February 2024
FOAM SYSTEM SERVICES LTD
Unaudited accounts
Contents
FOAM SYSTEM SERVICES LTD
Company Information
for the year ended 29 February 2024
Company Number
13171977 (England and Wales)
Registered Office
BECHERS BUSINESS PARK HEYSHAM ROAD
BOOTLE
LIVERPOOL
L30 6UZ
UNITED KINGDOM
Accountants
Harrison Williams Accountancy
6 Sandhurst Drive
Liverpool
L10 6LX
FOAM SYSTEM SERVICES LTD
Statement of financial position
as at 29 February 2024
Tangible assets
29,640
15,584
Cash at bank and in hand
8,593
40,255
Creditors: amounts falling due within one year
(37,423)
(57,044)
Net current liabilities
(28,830)
(15,081)
Called up share capital
1
1
Profit and loss account
809
502
Shareholders' funds
810
503
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 13 November 2024 and were signed on its behalf by
Mr D Ogden
Director
Company Registration No. 13171977
FOAM SYSTEM SERVICES LTD
Notes to the Accounts
for the year ended 29 February 2024
FOAM SYSTEM SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 13171977. The registered office is BECHERS BUSINESS PARK HEYSHAM ROAD, BOOTLE, LIVERPOOL, L30 6UZ, UNITED KINGDOM.
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 year, 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
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
10,819
13,070
2,688
26,577
Additions
-
23,929
-
23,929
At 29 February 2024
10,819
36,999
2,688
50,506
At 1 March 2023
4,098
5,719
1,176
10,993
Charge for the year
1,680
7,820
373
9,873
At 29 February 2024
5,778
13,539
1,549
20,866
At 29 February 2024
5,041
23,460
1,139
29,640
At 28 February 2023
6,721
7,351
1,512
15,584
FOAM SYSTEM SERVICES LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,512
-
Taxes and social security
6,090
1,339
Loans from directors
11,627
34,144
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).