Registered number
14284286
FORM FURNITURE SOLUTIONS LTD
Filleted Accounts
31 August 2024
FORM FURNITURE SOLUTIONS LTD
Registered number: 14284286
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 120,428 100
Cash at bank and in hand 1,528 -
121,956 100
Creditors: amounts falling due within one year 4 (73,706) -
Net current assets 48,250 100
Total assets less current liabilities 48,250 100
Creditors: amounts falling due after more than one year 5 (1,500) -
Net assets 46,750 100
Capital and reserves
Called up share capital 100 100
Profit and loss account 46,650 -
Shareholders' funds 46,750 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hamza Ali Haq
Director
Approved by the board on 27 May 2025
FORM FURNITURE SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 119,924 -
Other debtors 504 100
120,428 100
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 33,874 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 729 -
Taxation and social security costs 39,103 -
73,706 -
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,500 -
6 Other information
FORM FURNITURE SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
651a Mauldeth Road West
Chorlton
Manchester
M21 7SA
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