Company Registration No. 08724689 (England and Wales)
FOAM EXPRESS LTD
Unaudited accounts
for the year ended 31 October 2021
FOAM EXPRESS LTD
Unaudited accounts
Contents
FOAM EXPRESS LTD
Company Information
for the year ended 31 October 2021
Directors
Mindaugas Zubrickas
Peter Hrano
Company Number
08724689 (England and Wales)
Registered Office
1 Melwood Grove
Hull
HU5 1AY
Accountants
Eurofirma Ltd
59 Devons Road
London
E3 3DW
FOAM EXPRESS LTD
Statement of financial position
as at
31 October 2021
Tangible assets
5,490
6,695
Cash at bank and in hand
178
45,379
Creditors: amounts falling due within one year
(65,136)
(53,915)
Net current liabilities
(12,048)
(4,961)
Net (liabilities)/assets
(6,558)
1,734
Called up share capital
100
100
Profit and loss account
(6,658)
1,634
Shareholders' funds
(6,558)
1,734
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2022 and were signed on its behalf by
Mindaugas Zubrickas
Director
Company Registration No. 08724689
FOAM EXPRESS LTD
Notes to the Accounts
for the year ended 31 October 2021
FOAM EXPRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 08724689. The registered office is 1 Melwood Grove, Hull, HU5 1AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% on reduce cost
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2020
8,165
410
8,575
At 31 October 2021
8,165
410
8,575
At 1 November 2020
1,470
410
1,880
Charge for the year
1,205
-
1,205
At 31 October 2021
2,675
410
3,085
At 31 October 2021
5,490
-
5,490
At 31 October 2020
6,695
-
6,695
Amounts falling due within one year
Accrued income and prepayments
-
3,475
FOAM EXPRESS LTD
Notes to the Accounts
for the year ended 31 October 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
50,000
Taxes and social security
1,595
3,915
Loans from directors
13,541
-
7
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2020: 4).