REGISTERED NUMBER: 07278709 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

THE FROG SQUAD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I R Munro

SECRETARY:

Mr I R Munro

REGISTERED OFFICE:

Munro Business Park

Marton Road

Birdingbury

Nr Rugby

CV23 8EH

REGISTERED NUMBER:

07278709 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Intangible assets

4

19,916

22,761

Tangible assets

5

1,078,931

922,413

1,098,847

945,174

CURRENT ASSETS

Debtors

6

1,359,797

1,216,522

Cash at bank and in hand

111,811

267,989

1,471,608

1,484,511

CREDITORS

Amounts falling due within one year

7

488,277

546,303

NET CURRENT ASSETS

983,331

938,208

TOTAL ASSETS LESS CURRENT LIABILITIES

2,082,178

1,883,382

CREDITORS

Amounts falling due after more than one year

8

(196,026

)

(441,086

)

PROVISIONS FOR LIABILITIES

(202,013

)

(172,635

)

NET ASSETS

1,684,139

1,269,661

CAPITAL AND RESERVES

Called up share capital

106

106

Retained earnings

1,684,033

1,269,555

SHAREHOLDERS' FUNDS

1,684,139

1,269,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 October 2023 and were signed by:

Mr I R Munro - Director

1.	STATUTORY INFORMATION

The Frog Squad 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.

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 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 a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost and 12.5% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost and 20% on reducing balance

Computer equipment

-

33% 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.

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

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2022

and 30 June 2023

56,902

AMORTISATION

At 1 July 2022

34,141

Amortisation for year

2,845

At 30 June 2023

36,986

NET BOOK VALUE

At 30 June 2023

19,916

At 30 June 2022

22,761

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 July 2022

15,704

60,054

860,653

Additions

-

1,550

420,553

Disposals

-

-

(412,729

)

At 30 June 2023

15,704

61,604

868,477

DEPRECIATION

At 1 July 2022

-

56,139

524,819

Charge for year

-

3,531

111,959

Eliminated on disposal

-

-

(324,129

)

At 30 June 2023

-

59,670

312,649

NET BOOK VALUE

At 30 June 2023

15,704

1,934

555,828

At 30 June 2022

15,704

3,915

335,834

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2022

23,988

926,495

60,905

1,947,799

Additions

-

141,691

7,818

571,612

Disposals

-

(144,618

)

(19,575

)

(576,922

)

At 30 June 2023

23,988

923,568

49,148

1,942,489

DEPRECIATION

At 1 July 2022

18,993

371,499

53,936

1,025,386

Charge for year

999

141,968

9,128

267,585

Eliminated on disposal

-

(85,709

)

(19,575

)

(429,413

)

At 30 June 2023

19,992

427,758

43,489

863,558

NET BOOK VALUE

At 30 June 2023

3,996

495,810

5,659

1,078,931

At 30 June 2022

4,995

554,996

6,969

922,413

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2022

285,400

589,728

875,128

Additions

-

1,400

1,400

Disposals

(285,400

)

-

(285,400

)

At 30 June 2023

-

591,128

591,128

DEPRECIATION

At 1 July 2022

196,800

168,262

365,062

Charge for year

-

90,384

90,384

Eliminated on disposal

(196,800

)

-

(196,800

)

At 30 June 2023

-

258,646

258,646

NET BOOK VALUE

At 30 June 2023

-

332,482

332,482

At 30 June 2022

88,600

421,466

510,066

6.

DEBTORS

2023

2022

£

£

Amounts falling due within one year:

Trade debtors

525,684

500,714

Amounts owed by associates

690,000

600,000

Other debtors

94,091

115,808

1,309,775

1,216,522

Amounts falling due after more than one year:

Other debtors

50,022

-

Aggregate amounts

1,359,797

1,216,522

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

50,000

50,000

Hire purchase contracts

180,411

219,138

Trade creditors

175,367

133,469

Taxation and social security

77,743

85,923

Other creditors

4,756

57,773

488,277

546,303

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

125,000

175,000

Hire purchase contracts

71,026

266,086

196,026

441,086

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr I R Munro.