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Company Registration No. 08098287 (England and Wales)
FORMO COMMERCE LTD Unaudited accounts for the year ended 30 June 2024
FORMO COMMERCE LTD Unaudited accounts Contents
Page
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FORMO COMMERCE LTD Company Information for the year ended 30 June 2024
Director
Danail Tsvetanov Tsachev
Company Number
08098287 (England and Wales)
Registered Office
39-41 BAILEY STREET FLAT 4 OSWESTRY SY11 1PX ENGLAND
Accountants
DoKument Ltd Corbet Arms High Street Market Drayton Shropshire TF9 1PY
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FORMO COMMERCE LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
193 
193 
Cash at bank and in hand
(66)
(66)
127 
127 
Creditors: amounts falling due within one year
(60,585)
(60,585)
Net current liabilities
(60,458)
(60,458)
Net liabilities
(60,458)
(60,458)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(60,459)
(60,459)
Shareholders' funds
(60,458)
(60,458)
For the year ending 30 June 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 26 February 2025 and were signed on its behalf by
Danail Tsvetanov Tsachev Director Company Registration No. 08098287
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FORMO COMMERCE LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
FORMO COMMERCE LTD is a private company, limited by shares, registered in England and Wales, registration number 08098287. The registered office is 39-41 BAILEY STREET, FLAT 4, OSWESTRY, SY11 1PX, ENGLAND.
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
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.
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 July 2023
1,250 
At 30 June 2024
1,250 
Depreciation
At 1 July 2023
1,250 
At 30 June 2024
1,250 
Net book value
At 30 June 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
193 
193 
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FORMO COMMERCE LTD Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,436 
3,436 
Trade creditors
136 
136 
Loans from directors
57,013 
57,013 
60,585 
60,585 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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