Format Intelligence Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 07652464 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Format Intelligence Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Hansell

SECRETARY:

N Hansell

REGISTERED OFFICE:

37 Walter Bigg Way

Wallingford

Oxfordshire

OX10 8FB

REGISTERED NUMBER:

07652464 (England and Wales)

ACCOUNTANTS:

Bennett and Company

Chartered Certified Accountants

The Coach House

Ealing Green

London

W5 5ER

FIXED ASSETS

Tangible assets

4

-

3,542

CURRENT ASSETS

Cash at bank and in hand

2

2,415

CREDITORS

Amounts falling due within one year

5

-

2,922

NET CURRENT ASSETS/(LIABILITIES)

2

(507

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2

3,035

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

-

3,033

SHAREHOLDERS' FUNDS

2

3,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2024 and were signed by:

A Hansell - Director

1.	STATUTORY INFORMATION

Format Intelligence 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Taxation

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

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 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 June 2022

13,094

1,475

14,569

Disposals

(13,094

)

(1,475

)

(14,569

)

At 31 May 2023

-

-

-

DEPRECIATION

At 1 June 2022

9,635

1,392

11,027

Charge for year

865

83

948

Eliminated on disposal

(10,500

)

(1,475

)

(11,975

)

At 31 May 2023

-

-

-

NET BOOK VALUE

At 31 May 2023

-

-

-

At 31 May 2022

3,459

83

3,542

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Other creditors

-

2,922

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.23

31.5.22

value:

£

£

2

Ordinary

£1

2

2