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REGISTERED NUMBER: 05210841 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FORMA DESIGN (U.K.) LIMITED

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORMA DESIGN (U.K.) LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTOR: M S McCullough



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 05210841 (England and Wales)



BANKERS: Lloyds TSB
48 Belle Vue Terrace
Malvern
Worcestershire
WR14 4QG

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,736 13,763

CURRENT ASSETS
Stocks 115,900 35,316
Debtors 5 19,779 207,497
Cash at bank and in hand 780,297 119,485
915,976 362,298
CREDITORS
Amounts falling due within one year 6 605,848 154,377
NET CURRENT ASSETS 310,128 207,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,864

221,684

CREDITORS
Amounts falling due after more than one
year

7

(7,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (4,226 ) (4,226 )
NET ASSETS 319,138 199,958

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 319,136 199,956
SHAREHOLDERS' FUNDS 319,138 199,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

BALANCE SHEET - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





M S McCullough - Director


FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Forma Design (U.K.) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

The principal accounting policies adopted in the preparation of the financial statements remain consistent with the prior year and are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Office
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 5,907 6,334 15,990 22,508 50,739
Additions 526 1,630 - 8,157 10,313
At 31 August 2024 6,433 7,964 15,990 30,665 61,052
DEPRECIATION
At 1 September 2023 5,300 5,482 14,389 11,805 36,976
Charge for year 215 212 400 2,513 3,340
At 31 August 2024 5,515 5,694 14,789 14,318 40,316
NET BOOK VALUE
At 31 August 2024 918 2,270 1,201 16,347 20,736
At 31 August 2023 607 852 1,601 10,703 13,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,390 -
Other debtors 14,000 203,388
Prepayments and accrued income 3,389 4,109
19,779 207,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 53,068 9,619
Tax 61,642 16,700
Social security and other taxes 4,027 525
VAT 86,339 26,869
Other creditors 492 806
Directors' current accounts 4,059 838
Accruals and deferred income 386,221 89,020
605,848 154,377

FORMA DESIGN (U.K.) LIMITED (REGISTERED NUMBER: 05210841)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,500 10,000
Bank loans - 2-5 years - 7,500
7,500 17,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
2 2

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. The amount outstanding at the year end was £492 (2023: £141).

10. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.