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REGISTERED NUMBER: 07517363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

FOREMOST INTEGRATED CIRCUITS LIMITED

FOREMOST INTEGRATED CIRCUITS LIMITED (REGISTERED NUMBER: 07517363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOREMOST INTEGRATED CIRCUITS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: J G Steele





SECRETARY: Ms A J Karn





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 07517363 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

FOREMOST INTEGRATED CIRCUITS LIMITED (REGISTERED NUMBER: 07517363)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 - 36,000
Cash at bank 84 1,540
84 37,540
CREDITORS
Amounts falling due within one year 5 242,373 314,546
NET CURRENT LIABILITIES (242,289 ) (277,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(242,289

)

(277,006

)

CAPITAL AND RESERVES
Called up share capital 6 17,224 17,224
Share premium 7 530,704 530,704
Retained earnings 7 (790,217 ) (824,934 )
SHAREHOLDERS' FUNDS (242,289 ) (277,006 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 24th June 2025 and were signed by:





J G Steele - Director


FOREMOST INTEGRATED CIRCUITS LIMITED (REGISTERED NUMBER: 07517363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Foremost Integrated Circuits 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The financial statements have been prepared on a going concern basis due to the continued support of its director and financial support from related parties. There are no non-financial assets other than intellectual property at nil value on the balance sheet and no financial commitments other than the liabilities included in the balance sheet.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represented net invoiced sales of intellectual property rights and consultancy services, excluding value added tax.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 36,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account - 32,333
Amounts owed to connected undertakings 240,373 271,213
Director's loan account - 9,000
Accruals and deferred income 2,000 2,000
242,373 314,546

FOREMOST INTEGRATED CIRCUITS LIMITED (REGISTERED NUMBER: 07517363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,722,388 Ordinary 1p 17,224 17,224

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st October 2023 (824,934 ) 530,704 (294,230 )
Profit for the year 34,717 - 34,717
At 30th September 2024 (790,217 ) 530,704 (259,513 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is J G Steele.