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REGISTERED NUMBER: 04751743 (England and Wales)















FORMAR 3 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






FORMAR 3 LIMITED (REGISTERED NUMBER: 04751743)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FORMAR 3 LIMITED

COMPANY INFORMATION
For The Year Ended 31 DECEMBER 2024







DIRECTOR: M J Hancock





SECRETARY: Mrs L M Hancock





REGISTERED OFFICE: 1171 Evesham Road
Astwood Bank
Redditch
Worcestershire
B96 6DY





REGISTERED NUMBER: 04751743 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

FORMAR 3 LIMITED (REGISTERED NUMBER: 04751743)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 28,299 36,138
28,299 36,138

CURRENT ASSETS
Inventories 595 745
Debtors 6 21,029 36,458
Cash at bank 61,114 129,315
82,738 166,518
CREDITORS
Amounts falling due within one year 7 114,395 148,463
NET CURRENT (LIABILITIES)/ASSETS (31,657 ) 18,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,358

)

54,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,458 ) 54,093
SHAREHOLDERS' FUNDS (3,358 ) 54,193

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 July 2025 and were signed by:





M J Hancock - Director


FORMAR 3 LIMITED (REGISTERED NUMBER: 04751743)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2024


1. STATUTORY INFORMATION

Formar 3 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 15% on cost and 12.5% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FORMAR 3 LIMITED (REGISTERED NUMBER: 04751743)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 17,500
AMORTISATION
At 1 January 2024
and 31 December 2024 17,500
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2024 84,102
Additions 1,843
At 31 December 2024 85,945
DEPRECIATION
At 1 January 2024 47,964
Charge for year 9,682
At 31 December 2024 57,646
NET BOOK VALUE
At 31 December 2024 28,299
At 31 December 2023 36,138

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 10,887 27,249
Other debtors 10,142 9,209
21,029 36,458

FORMAR 3 LIMITED (REGISTERED NUMBER: 04751743)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 339 107
Taxation and social security 2,885 559
Other creditors 111,171 147,797
114,395 148,463

8. SECURED DEBTS

The bank loans are secured by a fixed and floating charge over the undertaking and all property and assets present and future.

9. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party due to the diversified holding of share capital.