Format Social Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12734824

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,116		-
Tangible Assets	5		1,937		-

			4,053		-
CURRENT ASSETS
Debtors	6	57,041		13,800
Cash at bank and in hand		599		59

		57,640		13,859
Creditors: Amounts Falling Due Within One Year	7	(453,021 )		(169,587 )

NET CURRENT ASSETS (LIABILITIES)			(395,381 )		(155,728 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(391,328 )		(155,728 )

NET LIABILITIES			(391,328 )		(155,728 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(391,329 )		(155,729 )

SHAREHOLDERS' FUNDS			(391,328)		(155,728)

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Format Social Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Ankers

Director

11/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Format Social Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12734824 . The registered office is The Barn Calcot Mount, Calcot Lane, Curdridge, Hampshire, SO32 2BN.

The company commenced trading in June 2023.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

During the financial year, the company transitioned its accounting framework from FRS 105 (The Financial Reporting Standard applicable to the Micro-entities Regime) to FRS 102 Section 1A (Small Entities). The change in accounting framework was made to provide more comprehensive financial information.

The date of transition to FRS 102 Section 1A is 1 January 2023, which is the beginning of the earliest period for which full comparative information is presented. The change has not impacted the company's financial position or performance.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised to profit and loss account over its estimated economic life of 3 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% on Cost
Computer Equipment	33% on cost

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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Format Social Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Recharging of Expenses

During its operations, the business incurs expenses on behalf of other entities within the group, which are subsequently recharged at cost. These recharges primarily arise due to administrative errors where invoices have been initially directed to the incorrect entity.

To ensure that the financial statements present a true and fair view without overstating the revenue or expenses of any individual entity, recharged expenses are netted off in the profit and loss account. Specifically, the expense initially recorded in the entity that received the invoice in error is offset by the corresponding recharge to the correct entity.

This policy of netting off is adopted to avoid inflating both income and expenses, thereby providing a more accurate representation of the financial performance of each entity within the Group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: NIL)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	-
Additions	2,453

As at 31 December 2024	2,453

Amortisation
As at 1 January 2024	-
Provided during the period	337

As at 31 December 2024	337

Net Book Value
As at 31 December 2024	2,116

As at 1 January 2024	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	-
Additions	2,050

As at 31 December 2024	2,050

Depreciation
As at 1 January 2024	-
Provided during the period	113

As at 31 December 2024	113

Net Book Value
As at 31 December 2024	1,937

As at 1 January 2024	-

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Format Social Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	7,800
Other debtors	57,041	6,000

	57,041	13,800

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	24,979	-
Amounts owed to group undertakings	318,391	2,579
Other creditors	105,000	166,124
Taxation and social security	4,651	884

	453,021	169,587

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

The company has taken the exemption available under FRS 102 section 33.1a, whereby it is not required to disclose transactions with group companies. The directors have reviewed other related party transactions, these are deemed to have been concluded under normal market conditions and do not require additional disclosure in the financial statements.

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