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REGISTERED NUMBER: 07880583 (England and Wales)















FRANKS AND TOMS ARCHITECTS LIMITED

Unaudited Financial Statements

for the Year Ended 30 December 2021






FRANKS AND TOMS ARCHITECTS LIMITED (REGISTERED NUMBER: 07880583)






Contents of the Financial Statements
for the Year Ended 30 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRANKS AND TOMS ARCHITECTS LIMITED

Company Information
for the Year Ended 30 December 2021







DIRECTORS: Mr S Franks
Mrs T Franks





REGISTERED OFFICE: 170 Lake Road East
Cyncoed
Cardiff
South Glamorgan
CF23 5NR





REGISTERED NUMBER: 07880583 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

FRANKS AND TOMS ARCHITECTS LIMITED (REGISTERED NUMBER: 07880583)

Balance Sheet
30 December 2021

30.12.21 30.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,816 75,446

CURRENT ASSETS
Debtors 5 52,532 59,088
Cash at bank 102,458 61,576
154,990 120,664
CREDITORS
Amounts falling due within one year 6 95,552 58,810
NET CURRENT ASSETS 59,438 61,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,254

137,300

CREDITORS
Amounts falling due after more than one year 7 (43,087 ) (20,656 )

PROVISIONS FOR LIABILITIES - (1,943 )
NET ASSETS 82,167 114,701

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 82,067 114,601
SHAREHOLDERS' FUNDS 82,167 114,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2021 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 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 Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:





Mr S Franks - Director


FRANKS AND TOMS ARCHITECTS LIMITED (REGISTERED NUMBER: 07880583)

Notes to the Financial Statements
for the Year Ended 30 December 2021

1. STATUTORY INFORMATION

Franks and Toms Architects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods from ordinary activities, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Computer Equipment - 33% on cost
Motor Vehicles - 25% reducing balance
Fixtures and Fittings - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2020 - 1 ) .

FRANKS AND TOMS ARCHITECTS LIMITED (REGISTERED NUMBER: 07880583)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2021

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 December 2020 35,285 9,454 68,621 17,147 130,507
Additions - 1,620 - - 1,620
Disposals - (828 ) - - (828 )
At 30 December 2021 35,285 10,246 68,621 17,147 131,299
DEPRECIATION
At 31 December 2020 - 6,529 33,242 15,290 55,061
Charge for year - 1,107 8,845 1,140 11,092
Eliminated on disposal - (670 ) - - (670 )
At 30 December 2021 - 6,966 42,087 16,430 65,483
NET BOOK VALUE
At 30 December 2021 35,285 3,280 26,534 717 65,816
At 30 December 2020 35,285 2,925 35,379 1,857 75,446

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 December 2020
and 30 December 2021 36,120
DEPRECIATION
At 31 December 2020 12,310
Charge for year 5,952
At 30 December 2021 18,262
NET BOOK VALUE
At 30 December 2021 17,858
At 30 December 2020 23,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.21 30.12.20
£    £   
Trade debtors 33,465 11,667
Other debtors 19,067 47,421
52,532 59,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.21 30.12.20
£    £   
Bank loans and overdrafts 4,265 -
Hire purchase contracts 3,305 3,305
Taxation and social security 58,199 45,721
Other creditors 29,783 9,784
95,552 58,810

FRANKS AND TOMS ARCHITECTS LIMITED (REGISTERED NUMBER: 07880583)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.12.21 30.12.20
£    £   
Bank loans 25,736 -
Hire purchase contracts 17,351 20,656
43,087 20,656

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,591 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.12.21 30.12.20
value: £    £   
80 Ordinary £1 80 80
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2021 and 30 December 2020:

30.12.21 30.12.20
£    £   
Mr S Franks
Balance outstanding at start of year 47,421 81,406
Amounts advanced 72,355 60,282
Amounts repaid (100,709 ) (94,267 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,067 47,421

During the year, a dividend of £40,000 was voted to Mr S Franks (2020: £40,000) and £50,000 was voted to Mrs T Franks (2020: £50,000).

The directors loan account was repaid within 9 months after the year end.