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FORMATIONS CARE SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORMATIONS CARE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs J Boldy
Miss Z L Duffy





REGISTERED OFFICE: 2 St Pauls Road
Shipley
Bradford
West Yorkshire
BD18 3EP





REGISTERED NUMBER: 10412179 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,481 92,594

CURRENT ASSETS
Stocks 650 675
Debtors 5 378,639 237,096
Cash at bank and in hand 152,923 30,109
532,212 267,880
CREDITORS
Amounts falling due within one year 6 286,151 238,473
NET CURRENT ASSETS 246,061 29,407
TOTAL ASSETS LESS CURRENT LIABILITIES 328,542 122,001

CREDITORS
Amounts falling due after more than one
year

7

(243,703

)

(57,792

)

PROVISIONS FOR LIABILITIES 8 (12,467 ) (8,128 )
NET ASSETS 72,372 56,081

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 72,370 56,079
SHAREHOLDERS' FUNDS 72,372 56,081

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

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

The directors acknowledge their 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.

FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:




Mrs J Boldy - Director



Miss Z L Duffy - Director


FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 44 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 81,383 66,947 5,000 17,670 171,000
Additions - 7,669 - 1,612 9,281
At 31 July 2024 81,383 74,616 5,000 19,282 180,281
DEPRECIATION
At 1 August 2023 40,229 27,489 1,250 9,438 78,406
Charge for year 8,139 7,069 938 3,248 19,394
At 31 July 2024 48,368 34,558 2,188 12,686 97,800
NET BOOK VALUE
At 31 July 2024 33,015 40,058 2,812 6,596 82,481
At 31 July 2023 41,154 39,458 3,750 8,232 92,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 10,370 95,263
Other debtors 10,000 10,000
Directors' current accounts 206,178 23,780
Prepayments 152,091 108,053
378,639 237,096

FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 82,516 36,500
Trade creditors 24,300 1,353
Tax 111,619 89,474
Other creditors 61,407 21,297
Accrued expenses 6,309 89,849
286,151 238,473

Loans from directors are interest free and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 67,308 36,500
Bank loans - 2-5 years 176,395 21,292
243,703 57,792

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 12,467 8,128

Deferred
tax
£   
Balance at 1 August 2023 8,128
Accelerated Capital Allowances 4,339
Balance at 31 July 2024 12,467

The entire provision for deferred tax relates to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary 1 2 2

FORMATIONS CARE SERVICES LTD (REGISTERED NUMBER: 10412179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Miss Z L Duffy
Balance outstanding at start of year 10,239 (2,424 )
Amounts advanced 95,748 12,663
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,987 10,239

Mrs J Boldy
Balance outstanding at start of year 13,541 (13,763 )
Amounts advanced 86,650 27,304
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,191 13,541

The loans to the directors are interest free and repayable in demand.

The loans were repaid in full within 9 months of the year end.

11. ULTIMATE CONTROLLING PARTY

The directors acting together control the company.