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Company Registration No. 14426024 (England and Wales)
Francis Automotive Solutions Ltd Unaudited accounts for the period from 18 October 2022 to 30 September 2023
Francis Automotive Solutions Ltd Unaudited accounts Contents
Page
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Francis Automotive Solutions Ltd Company Information for the period from 18 October 2022 to 30 September 2023
Director
Owain Roger Francis
Company Number
14426024 (England and Wales)
Registered Office
10 Fountain Road Newport NP4 8HU
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Francis Automotive Solutions Ltd for the period from 18 October 2022 to 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Francis Automotive Solutions Ltd for the period from 18 October 2022 to 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 27 October 2023
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Francis Automotive Solutions Ltd Statement of financial position as at 30 September 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
7,500 
Current assets
Cash at bank and in hand
1,163 
Creditors: amounts falling due within one year
(1,834)
Net current liabilities
(671)
Total assets less current liabilities
6,829 
Creditors: amounts falling due after more than one year
(3,402)
Provisions for liabilities
Deferred tax
(1,425)
Net assets
2,002 
Capital and reserves
Called up share capital
1 
Profit and loss account
2,001 
Shareholders' funds
2,002 
For the period ending 30 September 2023 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 27 October 2023 and were signed on its behalf by
Owain Roger Francis Director Company Registration No. 14426024
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Francis Automotive Solutions Ltd Notes to the Accounts for the period from 18 October 2022 to 30 September 2023
1
Statutory information
Francis Automotive Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14426024. The registered office is 10 Fountain Road, Newport, NP4 8HU.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4yrs straight-line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Francis Automotive Solutions Ltd Notes to the Accounts for the period from 18 October 2022 to 30 September 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 18 October 2022
10,000 
At 30 September 2023
10,000 
Depreciation
Charge for the period
2,500 
At 30 September 2023
2,500 
Net book value
At 30 September 2023
7,500 
5
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
874 
Accruals
960 
1,834 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Loans from directors
3,402 
7
Deferred taxation
2023 
£ 
Accelerated capital allowances
1,425 
2023 
£ 
Charged to the profit and loss account
1,425 
Provision at end of period
1,425 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
9
Average number of employees
During the period the average number of employees was 1.
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