REGISTERED NUMBER: 02752406 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

FORMKRAFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Smith

J S Smith

Mrs C A Grasier

Mrs J E Higgins

SECRETARY:

Mrs E Reed

REGISTERED OFFICE:

Clough Bank House

Edmund Road

Sheffield

South Yorkshire

S2 4EL

REGISTERED NUMBER:

02752406 (England and Wales)

ACCOUNTANTS:

S Burgess & Co Ltd

11 Slayleigh Avenue

Sheffield

South Yorkshire

S10 3RA

FIXED ASSETS

Tangible assets

4

35,078

40,536

CURRENT ASSETS

Stocks

175,351

150,561

Debtors

5

649,622

675,919

Cash at bank and in hand

1,075,661

1,045,289

1,900,634

1,871,769

CREDITORS

Amounts falling due within one year

6

1,041,150

995,157

NET CURRENT ASSETS

859,484

876,612

TOTAL ASSETS LESS CURRENT LIABILITIES

894,562

917,148

PROVISIONS FOR LIABILITIES

8

6,106

7,164

NET ASSETS

888,456

909,984

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

888,256

909,784

SHAREHOLDERS' FUNDS

888,456

909,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 27 October 2025 and were signed on its behalf by:

J S Smith - Director

1.	STATUTORY INFORMATION

Formkraft 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, and is recognised when the goods are despatched to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at cost price, after making allowance for obsolete and slow moving items.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors due within one year

Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment

At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

216,816

65,044

24,986

306,846

Additions

14,071

-

-

14,071

At 30 June 2025

230,887

65,044

24,986

320,917

DEPRECIATION

At 1 July 2024

178,498

62,826

24,986

266,310

Charge for year

18,901

628

-

19,529

At 30 June 2025

197,399

63,454

24,986

285,839

NET BOOK VALUE

At 30 June 2025

33,488

1,590

-

35,078

At 30 June 2024

38,318

2,218

-

40,536

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

595,646

623,402

Prepayments

53,976

52,517

649,622

675,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

732,914

642,637

Corporation tax

42,399

75,144

Social security and other taxes

23,037

23,525

VAT

67,387

73,530

Other creditors

114,500

114,500

Accruals and deferred income

60,913

65,821

1,041,150

995,157

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

102,759

102,759

Between one and five years

85,633

188,391

188,392

291,150

8.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

6,106

7,164

Deferred

tax

£

Balance at 1 July 2024

7,164

Accelerated capital allowances

(1,058

)

Balance at 30 June 2025

6,106