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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
Page
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FOAM SYSTEM SERVICES LTD Company Information for the year ended 29 February 2024
Director
Mr D Ogden
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
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FOAM SYSTEM SERVICES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,640 
15,584 
Current assets
Debtors
- 
1,708 
Cash at bank and in hand
8,593 
40,255 
8,593 
41,963 
Creditors: amounts falling due within one year
(37,423)
(57,044)
Net current liabilities
(28,830)
(15,081)
Net assets
810 
503 
Capital and reserves
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
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FOAM SYSTEM SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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 year, 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
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 
Depreciation
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 
Net book value
At 29 February 2024
5,041 
23,460 
1,139 
29,640 
At 28 February 2023
6,721 
7,351 
1,512 
15,584 
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FOAM SYSTEM SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,708 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,512 
- 
VAT
6,103 
9,231 
Taxes and social security
6,090 
1,339 
Loans from directors
11,627 
34,144 
Accruals
10,091 
12,330 
37,423 
57,044 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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