Company Registration No. 12921973 (England and Wales)
Frankies Bling Limited
Unaudited accounts
for the year ended 31 October 2022
Frankies Bling Limited
Unaudited accounts
Contents
Frankies Bling Limited
Company Information
for the year ended 31 October 2022
Company Number
12921973 (England and Wales)
Registered Office
32-36 GREYWELL SHOPPING CENTRE
LEIGH PARK
HAVANT
HAMPSHIRE
PO9 5AH
UNITED KINGDOM
Accountants
Jennifer Roberts
GoJen Ltd t/as JMR Bookkeeping Services
College House, 2nd Floor
17. King Edwards Road
London
HA4 7AE
Frankies Bling Limited
Statement of financial position
as at 31 October 2022
Cash at bank and in hand
940
2,355
Creditors: amounts falling due within one year
(32,549)
(26,160)
Net current liabilities
(21,609)
(23,805)
Net liabilities
(21,609)
(23,805)
Profit and loss account
(21,609)
(23,805)
Shareholders' funds
(21,609)
(23,805)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Phillip Brombley
Director
Company Registration No. 12921973
Frankies Bling Limited
Notes to the Accounts
for the year ended 31 October 2022
Frankies Bling Limited is a private company, limited by shares, registered in England and Wales, registration number 12921973. The registered office is 32-36 GREYWELL SHOPPING CENTRE, LEIGH PARK, HAVANT, HAMPSHIRE, PO9 5AH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks and Works in Progress
Stocks and Works in Progress have been valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Costs includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
4
Creditors: amounts falling due within one year
2022
2021
Trade creditors
12,338
12,710
Taxes and social security
1,472
450
Other creditors
18,739
13,000
5
Transactions with related parties
Freddies New and Preloved Ltd
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).