FORMATIONS CARE SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Boldy

Miss Z L Duffy

REGISTERED OFFICE:

2 St Pauls Road

Shipley

Bradford

West Yorkshire

BD18 3EP

REGISTERED NUMBER:

10412179 (England and Wales)

ACCOUNTANTS:

Wilkinson and Partners

Chartered Accountants

Fairfax House

6a Mill Field Road

Cottingley Business Park

Bradford

West Yorkshire

BD16 1PY

FIXED ASSETS

Tangible assets

4

76,862

82,481

CURRENT ASSETS

Stocks

700

650

Debtors

5

510,109

378,639

Cash at bank and in hand

158,366

152,923

669,175

532,212

CREDITORS

Amounts falling due within one year

6

336,164

286,151

NET CURRENT ASSETS

333,011

246,061

TOTAL ASSETS LESS CURRENT LIABILITIES

409,873

328,542

CREDITORS

Amounts falling due after more than one year

7

(263,303

)

(243,703

)

PROVISIONS FOR LIABILITIES

8

(11,876

)

(12,467

)

NET ASSETS

134,694

72,372

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

134,692

72,370

SHAREHOLDERS' FUNDS

134,694

72,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

Mrs J Boldy - Director

Miss Z L Duffy - Director

1.	STATUTORY INFORMATION

Formations Care Services Ltd 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.

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

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2024 - 44 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2024

81,383

74,616

5,000

19,282

180,281

Additions

-

8,244

-

6,566

14,810

At 31 July 2025

81,383

82,860

5,000

25,848

195,091

DEPRECIATION

At 1 August 2024

48,368

34,558

2,188

12,686

97,800

Charge for year

8,138

7,245

703

4,343

20,429

At 31 July 2025

56,506

41,803

2,891

17,029

118,229

NET BOOK VALUE

At 31 July 2025

24,877

41,057

2,109

8,819

76,862

At 31 July 2024

33,015

40,058

2,812

6,596

82,481

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

155,349

10,370

Other debtors

10,000

10,000

Directors' current accounts

237,038

206,178

Prepayments

107,722

152,091

510,109

378,639

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

108,759

82,516

Trade creditors

13,170

24,300

Tax

176,371

111,619

Other creditors

4,845

61,407

Deferred income

26,549

-

Accrued expenses

6,470

6,309

336,164

286,151

Loans from directors are interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 1-2 years

103,149

67,308

Bank loans - 2-5 years

160,154

176,395

263,303

243,703

8.	PROVISIONS FOR LIABILITIES

31.7.25

31.7.24

£

£

Deferred tax

11,876

12,467

Deferred

tax

£

Balance at 1 August 2024

12,467

Accelerated Capital Allowances

(591

)

Balance at 31 July 2025

11,876

The entire provision for deferred tax relates to accelerated capital allowances.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

2

Ordinary

1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

£

Miss Z L Duffy

Balance outstanding at start of year

105,987

10,239

Amounts advanced

143,930

95,748

Amounts repaid

(128,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

121,417

105,987

Mrs J Boldy

Balance outstanding at start of year

100,191

13,541

Amounts advanced

143,930

86,650

Amounts repaid

(128,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

115,621

100,191

The loans to the directors are interest free and repayable in demand.

The loans were repaid on full on 28 April 2026.

11.	ULTIMATE CONTROLLING PARTY

The directors acting together control the company.