The Formula Performance Elite Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 15975428

		30 September 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		1,561

			1,561
CURRENT ASSETS
Stocks	5	5,550
Debtors	6	4,952
Cash at bank and in hand		4,700

		15,202
Creditors: Amounts Falling Due Within One Year	7	(23,758 )

NET CURRENT ASSETS (LIABILITIES)			(8,556 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,995 )

NET LIABILITIES			(6,995 )

CAPITAL AND RESERVES
Called up share capital	8		1
Profit and Loss Account			(6,996 )

SHAREHOLDERS' FUNDS			(6,995)

For the period ending 30 September 2025 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 K R Mousah

Director

17/06/2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

The Formula Performance Elite Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15975428 . The registered office is 128 City Road, London, United Kingdom, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of 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.

These financial statements for the period ended 30 September 2025 are the first financial statements of The Formula Performance Elite Ltd prepared in accordance with FRS 102 (Section 1A), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of adoption to FRS 102 (Section 1A) was 24 September 2024.

The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.

2.2. Going Concern Disclosure

The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. 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	25% Reducing balance
Computer Equipment	33.33% Straight line

2.5. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.6. Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related 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 statement of financial position date.

2.7. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.8. Cash and cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Page 2

Page 3

The Formula Performance Elite Ltd

Notes to the Financial Statements (continued)

For the Period 24 September 2024 to 30 September 2025

2.9. Critical accounting judgements and key sources of estimation uncertainity

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 24 September 2024	-	-	-
Additions	302	2,003	2,305

As at 30 September 2025	302	2,003	2,305

Depreciation
As at 24 September 2024	-	-	-
Provided during the period	76	668	744

As at 30 September 2025	76	668	744

Net Book Value
As at 30 September 2025	226	1,335	1,561

As at 24 September 2024	-	-	-

5. Stocks

	30 September 2025
	£
Stock	5,550

6. Debtors

	30 September 2025
	£
Due within one year
Trade debtors	4,952

Page 3

Page 4

The Formula Performance Elite Ltd

Notes to the Financial Statements (continued)

For the Period 24 September 2024 to 30 September 2025

7. Creditors: Amounts Falling Due Within One Year

	30 September 2025
	£
Trade creditors	18,087
Accruals and deferred income	4,333
Director's loan account	1,338

	23,758

8. Share Capital

	30 September 2025
	£
Allotted, Called up and fully paid	1

During the period, the company issued 1 Ordinary share at par value of £1 per share. As at 30 September 2025 there is 1 Ordinary share in issue.

9. Related Party Transactions

As at the period-end, the directors' loan account balance of Mr K R Mousah, the sole director and shareholder of the company is £1,338. This amount is a current liability, interest free and repayable on demand.

Page 4