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REGISTERED NUMBER: 09996453 (England and Wales)















FRANCE & ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022






FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRANCE & ASSOCIATES LTD

COMPANY INFORMATION
for the year ended 28 February 2022







DIRECTORS: Mr J France
Mrs R L France





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 09996453 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

BALANCE SHEET
28 February 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,242 10,444

CURRENT ASSETS
Debtors 5 113,720 73,922
Cash at bank and in hand 75,826 123,288
189,546 197,210
CREDITORS
Amounts falling due within one year 6 (106,804 ) (90,729 )
NET CURRENT ASSETS 82,742 106,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,984

116,925

CREDITORS
Amounts falling due after more than one
year

7

(40,834

)

-

PROVISIONS FOR LIABILITIES 10 (1,756 ) (1,984 )
NET ASSETS 49,394 114,941

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 49,392 114,939
49,394 114,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

BALANCE SHEET - continued
28 February 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 2 September 2022 and were signed on its behalf by:





Mr J France - Director


FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2022


1. STATUTORY INFORMATION

France & Associates 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.

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 shown in the accounts is amounts invoiced during the year plus any work in progress, 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Government grants
Government grants relate to furloughed employee costs & interest for the interest free period on the Bounce Back loan.. The income has been matched to the period in which the costs relate.

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.

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.

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 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 9 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021 28,032
Additions 3,639
At 28 February 2022 31,671
DEPRECIATION
At 1 March 2021 17,588
Charge for year 4,841
At 28 February 2022 22,429
NET BOOK VALUE
At 28 February 2022 9,242
At 28 February 2021 10,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 103,772 62,947
Other debtors 9,948 10,975
113,720 73,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,167 -
Trade creditors 14,184 11,133
Taxation and social security 77,682 73,504
Other creditors 5,771 6,092
106,804 90,729

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 40,834 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 834 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
In more than five years - 116,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 50,001 -

Secured debts represents assistance received under the Bounce Back loan scheme which was granted by the Government.

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 1,756 1,984

Deferred
tax
£   
Balance at 1 March 2021 1,984
Credit to Income Statement during year (228 )
Balance at 28 February 2022 1,756

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2022


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2022 and 28 February 2021:

2022 2021
£    £   
Mr J France
Balance outstanding at start of year - 27,250
Amounts repaid - (27,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs R L France
Balance outstanding at start of year - 27,540
Amounts repaid - (27,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £4,659 (2021: £4,372) were outstanding at the year end.