FOLARS LTD - Accounts

Registered Number: 14301726 FOLARS LTD
Statement of Financial Position
As at 31 August 2025

	2025		2024
	£	£	£	£
Fixed assets		237		387
Current assets	46,423		44,560
Creditors: amount falling due within one year	53,567		36,348
Net current assets		99,990		80,908
Total assets less current liabilities		100,227		81,295
Net assets		100,227		81,295


Capital and reserves		100,227		81,295

NOTES TO THE ACCOUNTS

General Information

FOLARS LTD is a private company, limited by shares, registered in England and Wales, registration number 14301726, registration address 29 Debnam Grove, Sittingbourne, Kent, ME10 3FN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

3 Years Straight Line

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 September 2024	449	449
Additions	-	-
Disposals	-	-
At 31 August 2025	449	449
Depreciation
At 01 September 2024	62	62
Charge for year	150	150
On disposals	-	-
At 31 August 2025	212	212
Net book values
Closing balance as at 31 August 2025	237	237
Opening balance as at 01 September 2024	387	387

3.	Average number of employees Average number of employees during the year was 2 (2024 : 1).

For the year ended 31 August 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the board of directors on 21 May 2026 and were signed on its behalf by:

--------------------------------
Olusola Folaranmi
Director

Registered Number: 14301726
England and Wales
FOLARS LTD

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025