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Registration number: 03574559

Faultformat Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Faultformat Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Faultformat Limited

Company Information

Directors | Mrs Wendy Colman Mr David John Colman

Company secretary | Mr David John Colman

Registered office | 17 Drake Road Westcliff-On-Sea SS0 8LP

Accountants | Paul Winston Limited Chartered AccountantsSilver Rose Unit 21 East Lodge Village East Lodge Lane Enfield EN2 8AS

Faultformat Limited

(Registration number: 03574559)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
fixed assets |  |  |
tangible assets | 4 | 466 | 582
Investments | 5 | 1,550 | 1,550
|  | 2,016 | 2,132
Current assets |  |  |
Debtors | 6 | 100,000 | 67,500
Cash at bank and in hand |  | 147,492 | 140,898
|  | 247,492 | 208,398
Creditors: Amounts falling due within one year | 7 | (146,759) | (145,935)
Net current assets |  | 100,733 | 62,463
Net assets |  | 102,749 | 64,595
capital and reserves |  |  |
Called up share capital | 8 | 103 | 103
Profit and loss account |  | 102,646 | 64,492
Shareholders' funds |  | 102,749 | 64,595

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... Mr David John Colman Company secretary and director

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 Drake Road
Westcliff-On-Sea
SS0 8LP
England

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 20% net book value

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 5,417 | 5,417
At 30 June 2025 | 5,417 | 5,417
Depreciation
At 1 July 2024 | 4,835 | 4,835
Charge for the year | 116 | 116
At 30 June 2025 | 4,951 | 4,951
Carrying amount
At 30 June 2025 | 466 | 466
At 30 June 2024 | 582 | 582

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1,550 | 1,550

Subsidiaries | £
Cost or valuation
At 1 July 2024 | 1,550
Provision
Carrying amount
At 30 June 2025 | 1,550
At 30 June 2024 | 1,550

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 100,000 | 67,500
| 100,000 | 67,500

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Other creditors |  | 46,109 | 55,285
Directors' loan accounts |  | 100,650 | 90,650
|  | 146,759 | 145,935

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary D of £1 each | 50 | 50 | 50 | 50
Ordinary W of £1 each | 50 | 50 | 50 | 50
Ordinary Br of £1 each | 1 | 1 | 1 | 1
Ordinary Ba of £1 each | 1 | 1 | 1 | 1
Ordinary He of £1 each | 1 | 1 | 1 | 1
| 103 | 103 | 103 | 103

9 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £682.00 (2024 - £724.00) per each Ordinary D |  | 34,100 |  | 36,200
Interim dividend of £620.00 (2024 - £618.00) per each Ordinary W |  | 31,000 |  | 30,900
Interim dividend of £13,000.00 per each Ordinary Br |  | 13,000 |  | 13,000
Interim dividend of £13,000.00 per each Ordinary Ba |  | 13,000 |  | 13,000
Interim dividend of £13,000.00 per each Ordinary He |  | 13,000 |  | 13,000
|  | 104,100 |  | 106,100

10 | Related party transactions

Faultformat Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Contributions paid to money purchase schemes | 120,000 | 60,000