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REGISTERED NUMBER: 09417802 (England and Wales)








Unaudited Financial Statements

For The Year Ended 28 February 2018

for

Frayne Construction Services Limited

Frayne Construction Services Limited (Registered number: 09417802)






Contents of the Financial Statements
For The Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frayne Construction Services Limited

Company Information
For The Year Ended 28 February 2018







DIRECTORS: M J Pascoe
Mrs J H Pascoe





REGISTERED OFFICE: 8 Vine Gardens
Beacon Park
Plymouth
Devon
PL2 3HD





REGISTERED NUMBER: 09417802 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Frayne Construction Services Limited (Registered number: 09417802)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,276 12,462

CURRENT ASSETS
Stocks 85,466 69,696
Debtors 5 109,029 154,279
Prepayments and accrued income 431 995
Cash at bank 36,826 56,908
231,752 281,878
CREDITORS
Amounts falling due within one year 6 65,288 205,598
NET CURRENT ASSETS 166,464 76,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,740

88,742

PROVISIONS FOR LIABILITIES 3,663 3,433
NET ASSETS 182,077 85,309

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,977 85,209
SHAREHOLDERS' FUNDS 182,077 85,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 November 2018 and were signed on its behalf
by:





M J Pascoe - Director


Frayne Construction Services Limited (Registered number: 09417802)

Notes to the Financial Statements
For The Year Ended 28 February 2018

1. STATUTORY INFORMATION

Frayne Construction Services Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2017 17,505
Additions 13,403
At 28 February 2018 30,908
DEPRECIATION
At 1 March 2017 5,043
Charge for year 6,589
At 28 February 2018 11,632
NET BOOK VALUE
At 28 February 2018 19,276
At 28 February 2017 12,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors - 73,759
Other debtors 109,029 80,520
109,029 154,279

Frayne Construction Services Limited (Registered number: 09417802)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade creditors 413 34,899
Taxation and social security 46,101 44,291
Other creditors 18,774 126,408
65,288 205,598

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2018 and
28 February 2017:

28.2.18 28.2.17
£    £   
M J Pascoe and Mrs J H Pascoe
Balance outstanding at start of year 31,243 (12,066 )
Amounts advanced 99,538 43,309
Amounts repaid (63,121 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,660 31,243

A loan existed between the directors and the company. At the year end the balance owed to the company was
£67,660. This loan is repayable on demand. Interest at 3% of £1,269 has been charged during the year (2017:
£465).