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REGISTERED NUMBER: 07999790 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Frymaster Ltd

Frymaster Ltd (Registered number: 07999790)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frymaster Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr R Pearce
Mrs N J Pearce





REGISTERED OFFICE: 653 Attercliffe Road
Sheffield
South Yorkshire
S9 3RE





REGISTERED NUMBER: 07999790 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Frymaster Ltd (Registered number: 07999790)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 20,000
Tangible assets 5 14,250 16,764
24,250 36,764

CURRENT ASSETS
Stocks 935 912
Debtors 6 844 748
Cash at bank 51,458 45,576
53,237 47,236
CREDITORS
Amounts falling due within one year 7 19,941 36,468
NET CURRENT ASSETS 33,296 10,768
TOTAL ASSETS LESS CURRENT LIABILITIES 57,546 47,532

CREDITORS
Amounts falling due after more than one
year

8

-

(41,667

)

PROVISIONS FOR LIABILITIES 9 (2,708 ) (3,185 )
NET ASSETS 54,838 2,680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,738 2,580
SHAREHOLDERS' FUNDS 54,838 2,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Frymaster Ltd (Registered number: 07999790)

Balance Sheet - continued
31 March 2022


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 24 August 2022 and were signed on its behalf by:





Mr R Pearce - Director


Frymaster Ltd (Registered number: 07999790)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Frymaster Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 07999790. The registered office is 653 Attercliffe Road, Sheffield, South Yorkshire S9 3RE.

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.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of transition is 1 April 2015. The transition to FRS 102 Section 1A "Small Entities" has resulted in no changes to the results.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business is being amortised over its estimated useful life of 7 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Frymaster Ltd (Registered number: 07999790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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 10 (2021 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 50,000
AMORTISATION
At 1 April 2021 30,000
Charge for year 10,000
At 31 March 2022 40,000
NET BOOK VALUE
At 31 March 2022 10,000
At 31 March 2021 20,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2021
and 31 March 2022 61,850
DEPRECIATION
At 1 April 2021 45,086
Charge for year 2,514
At 31 March 2022 47,600
NET BOOK VALUE
At 31 March 2022 14,250
At 31 March 2021 16,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 844 748

Frymaster Ltd (Registered number: 07999790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 8,333
Taxation and social security 18,387 11,361
Other creditors 1,554 16,774
19,941 36,468

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 41,667

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 2,708 3,185

Deferred
tax
£   
Balance at 1 April 2021 3,185
Provided during year (477 )
Balance at 31 March 2022 2,708