REGISTERED NUMBER: 10056786 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Foundation Fostering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Brierley

N Ebanks-Simpson

L J Gresty

SECRETARY:

J M F Elliott

REGISTERED OFFICE:

Hop Merchants

21 Sansome Street

Worcester

WR1 1UH

REGISTERED NUMBER:

10056786 (England and Wales)

ACCOUNTANTS:

LR Business Services Limited

Old Orchard

Crown East Lane

Lower Broadheath

Worcester

Worcestershire

WR2 6RH

FIXED ASSETS

Intangible assets

4

26,102

34,803

Tangible assets

5

60,460

66,734

86,562

101,537

CURRENT ASSETS

Debtors

6

202,662

212,009

Cash at bank

699

699

203,361

212,708

CREDITORS

Amounts falling due within one year

7

251,927

227,724

NET CURRENT LIABILITIES

(48,566

)

(15,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,996

86,521

CREDITORS

Amounts falling due after more than one year

8

(4,167

)

(67,349

)

PROVISIONS FOR LIABILITIES

(6,552

)

(7,176

)

NET ASSETS

27,277

11,996

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,100

Retained earnings

10

26,277

10,896

SHAREHOLDERS' FUNDS

27,277

11,996

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 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.

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

J K Brierley - Director

N Ebanks-Simpson - Director

1.	STATUTORY INFORMATION

Foundation Fostering 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

Turnover 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 2017, is being amortised evenly over its estimated useful life of ten 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

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 20 (2023 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

87,007

AMORTISATION

At 1 January 2024

52,204

Amortisation for year

8,701

At 31 December 2024

60,905

NET BOOK VALUE

At 31 December 2024

26,102

At 31 December 2023

34,803

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

67,081

3,924

17,344

88,349

Additions

-

-

2,649

2,649

At 31 December 2024

67,081

3,924

19,993

90,998

DEPRECIATION

At 1 January 2024

3,913

3,924

13,778

21,615

Charge for year

6,708

-

2,215

8,923

At 31 December 2024

10,621

3,924

15,993

30,538

NET BOOK VALUE

At 31 December 2024

56,460

-

4,000

60,460

At 31 December 2023

63,168

-

3,566

66,734

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

114,848

135,069

Directors' current accounts

69,565

-

Prepayments & accrued income

18,249

76,940

202,662

212,009

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

156,835

145,810

Trade creditors

39,131

15,545

Tax

32,689

16,789

Social security and other taxes

(4,358

)

31,922

Other creditors

13,424

9,233

Directors' current accounts

-

910

Accruals and deferred income

14,206

7,515

251,927

227,724

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

4,167

63,180

Bank loans - 2-5 years

-

4,169

4,167

67,349

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

300

Ordinary

£1

300

300

700

Ordinary Preference

£1

700

800

1,000

1,100

During the year, the company under a purchase of own shares, acquired 100 Ordinary preference shares of £1 each, for a consideration of £25,000. The 100 Ordinary preference shares were cancelled under the return of purchase of own shares.

10.

RESERVES

Retained

earnings

£

At 1 January 2024

10,896

Profit for the year

88,748

Dividends

(48,467

)

Purchase of own shares

(24,900

)

At 31 December 2024

26,277

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

J K Brierley

Balance outstanding at start of year

-

-

Amounts advanced

51,667

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

51,667

-

N Ebanks-Simpson

Balance outstanding at start of year

-

-

Amounts advanced

17,898

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,898

-

The directors' loans were repaid within 9 months of the year end.