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REGISTERED NUMBER: 07488675 (England and Wales)
















Formula Promotions Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2025






Formula Promotions Ltd (Registered number: 07488675)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Formula Promotions Ltd

Company Information
for the Year Ended 31st March 2025







Directors: Mr T S Huxley
Mr R I Meins
Mrs C T Meins
Miss C Meins
Mr. P J Hares





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 07488675 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Formula Promotions Ltd (Registered number: 07488675)

Statement of Financial Position
31st March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 333,264 320,514

Current assets
Debtors 5 7,907,792 8,701,741
Cash at bank 3,010,803 1,658,064
10,918,595 10,359,805
Creditors
Amounts falling due within one year 6 12,728 476,225
Net current assets 10,905,867 9,883,580
Total assets less current liabilities 11,239,131 10,204,094

Provisions for liabilities 91,827 80,129
Net assets 11,147,304 10,123,965

Capital and reserves
Called up share capital 1,000 1,000
Capital redemption reserve 1,520,000 1,520,000
Retained earnings 9,626,304 8,602,965
11,147,304 10,123,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

Formula Promotions Ltd (Registered number: 07488675)

Statement of Financial Position - continued
31st March 2025


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 25th July 2025 and were signed on its behalf by:





Mr R I Meins - Director


Formula Promotions Ltd (Registered number: 07488675)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. Statutory information

Formula Promotions 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 6 (2024 - 6 ) .

Formula Promotions Ltd (Registered number: 07488675)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1st April 2024 90,379 1,037,459 1,127,838
Additions - 506,032 506,032
Disposals - (852,895 ) (852,895 )
At 31st March 2025 90,379 690,596 780,975
Depreciation
At 1st April 2024 77,023 730,301 807,324
Charge for year 3,339 104,552 107,891
Eliminated on disposal - (467,504 ) (467,504 )
At 31st March 2025 80,362 367,349 447,711
Net book value
At 31st March 2025 10,017 323,247 333,264
At 31st March 2024 13,356 307,158 320,514

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 22,680 28,080
Other debtors 7,885,112 8,673,661
7,907,792 8,701,741

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 43,421 18,580
Taxation and social security (55,725 ) 442,304
Other creditors 25,032 15,341
12,728 476,225