Silverfin false 31/01/2023 01/02/2022 31/01/2023 Mr Joseph Trueman 12/02/2020 27 October 2023 The principal activity of the company remains to be that of wholesale and distribution of windows and doors. Due to delays in development of the sales platform, trade is not expected to commence until 2024. 12458188 2023-01-31 12458188 bus:Director1 2023-01-31 12458188 2022-01-31 12458188 core:CurrentFinancialInstruments 2023-01-31 12458188 core:CurrentFinancialInstruments 2022-01-31 12458188 core:ShareCapital 2023-01-31 12458188 core:ShareCapital 2022-01-31 12458188 core:RetainedEarningsAccumulatedLosses 2023-01-31 12458188 core:RetainedEarningsAccumulatedLosses 2022-01-31 12458188 core:ComputerSoftware 2022-01-31 12458188 core:ComputerSoftware 2023-01-31 12458188 bus:OrdinaryShareClass1 2023-01-31 12458188 2022-02-01 2023-01-31 12458188 bus:FullAccounts 2022-02-01 2023-01-31 12458188 bus:SmallEntities 2022-02-01 2023-01-31 12458188 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 12458188 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12458188 bus:Director1 2022-02-01 2023-01-31 12458188 core:ComputerSoftware core:TopRangeValue 2022-02-01 2023-01-31 12458188 2021-02-01 2022-01-31 12458188 core:ComputerSoftware 2022-02-01 2023-01-31 12458188 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 12458188 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12458188 (England and Wales)

FRAME LOCKER LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH THE REGISTRAR

FRAME LOCKER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023

Contents

FRAME LOCKER LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
FRAME LOCKER LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
DIRECTOR Mr Joseph Trueman
REGISTERED OFFICE C/O PM+M
New Century House Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
United Kingdom
COMPANY NUMBER 12458188 (England and Wales)
CHARTERED ACCOUNTANTS PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
BB1 5QB
FRAME LOCKER LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2023
FRAME LOCKER LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 89,520 27,448
89,520 27,448
Current assets
Debtors 4 13,792 64
Cash at bank and in hand 5 2,702 1,465
16,494 1,529
Creditors: amounts falling due within one year 6 ( 164,745) ( 79,237)
Net current liabilities (148,251) (77,708)
Total assets less current liabilities (58,731) (50,260)
Net liabilities ( 58,731) ( 50,260)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 58,831 ) ( 50,360 )
Total shareholder's deficit ( 58,731) ( 50,260)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Frame Locker Limited (registered number: 12458188) were approved and authorised for issue by the Director on 27 October 2023. They were signed on its behalf by:

Mr Joseph Trueman
Director
FRAME LOCKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
FRAME LOCKER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Frame Locker Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O PM+M, New Century House Greenbank Technology Park, Challenge Way, Blackburn, BB1 5QB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Intangible assets

Computer software Total
£ £
Cost
At 01 February 2022 27,448 27,448
Additions 62,072 62,072
At 31 January 2023 89,520 89,520
Accumulated amortisation
At 01 February 2022 0 0
At 31 January 2023 0 0
Net book value
At 31 January 2023 89,520 89,520
At 31 January 2022 27,448 27,448

4. Debtors

2023 2022
£ £
Other debtors 13,792 64

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 2,702 1,465

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 26,822 0
Amounts owed to director 136,987 78,387
Accruals 936 850
164,745 79,237

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100 100