1 June 2021 false No description of principal activity Taxfiler 2022.8.3 10774722business:PrivateLimitedCompanyLtd2021-06-012022-05-31 107747222021-05-31 107747222021-06-012022-05-31 10774722business:AuditExempt-NoAccountantsReport2021-06-012022-05-31 10774722business:FullAccounts2021-06-012022-05-31 107747222022-05-31 10774722business:Director12021-06-012022-05-31 10774722business:RegisteredOffice2021-06-012022-05-31 107747222021-05-31 10774722core:WithinOneYear2022-05-31 10774722core:WithinOneYear2021-05-31 10774722core:ShareCapital2022-05-31 10774722core:ShareCapital2021-05-31 10774722core:RetainedEarningsAccumulatedLosses2022-05-31 10774722core:RetainedEarningsAccumulatedLosses2021-05-31 10774722business:SmallEntities2021-06-012022-05-31 10774722countries:EnglandWales2021-06-012022-05-31 10774722core:MotorVehicles2021-06-012022-05-31 10774722core:MotorVehicles2021-05-31 10774722core:MotorVehicles2022-05-31 107747222020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10774722 (England and Wales)
FRANKO ELECTRICAL LTD. Unaudited accounts for the year ended 31 May 2022
FRANKO ELECTRICAL LTD. Unaudited accounts Contents
Page
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FRANKO ELECTRICAL LTD. Company Information for the year ended 31 May 2022
Director
Joseph Anthony PIRIS
Company Number
10774722 (England and Wales)
Registered Office
9 FAIROAK CLOSE KENLEY CR8 5LJ ENGLAND
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FRANKO ELECTRICAL LTD. Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
575 
Current assets
Debtors
8,002 
5,955 
Creditors: amounts falling due within one year
(6,359)
(4,312)
Net current assets
1,643 
1,643 
Net assets
1,644 
2,218 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,643 
2,217 
Shareholders' funds
1,644 
2,218 
For the year ending 31 May 2022 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 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 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 and authorised for issue on 15 August 2022 and were signed on its behalf by
Joseph Anthony PIRIS Director Company Registration No. 10774722
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FRANKO ELECTRICAL LTD. Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
FRANKO ELECTRICAL LTD. is a private company, limited by shares, registered in England and Wales, registration number 10774722. The registered office is 9 FAIROAK CLOSE, KENLEY, CR8 5LJ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2021
2,297 
At 31 May 2022
2,297 
Depreciation
At 1 June 2021
1,722 
Charge for the year
574 
At 31 May 2022
2,296 
Net book value
At 31 May 2022
1 
At 31 May 2021
575 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Other debtors
8,002 
5,955 
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FRANKO ELECTRICAL LTD. Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
2,999 
3,018 
Trade creditors
37 
37 
Taxes and social security
675 
307 
Loans from directors
1,345 
- 
Accruals
1,303 
950 
6,359 
4,312 
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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