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COMPANY REGISTRATION NUMBER: 03384859
FROHWEIN'S (FACTORY) LIMITED
Filleted Financial Statements
31 December 2022
FROHWEIN'S (FACTORY) LIMITED
Directors' Report
Year ended 31 December 2022
The directors present their report and the financial statements of the company for the year ended 31 December 2022 .
Directors
The directors who served the company during the year were as follows:
Mr A Bendahan
Mrs H Klein
Directors' responsibilities statement
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 2 November 2023 and signed on behalf of the board by:
Mrs H Klein
Director
Registered office:
Hallswelle House
1 Hallswelle Road
London
NW11 0DH
FROHWEIN'S (FACTORY) LIMITED
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
£
Current assets
Debtors
5
559,434
438,337
Cash at bank and in hand
24,404
7,647
---------
---------
583,838
445,984
Creditors: amounts falling due within one year
6
470,649
337,445
---------
---------
Net current assets
113,189
108,539
---------
---------
Total assets less current liabilities
113,189
108,539
---------
---------
Net assets
113,189
108,539
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
113,187
108,537
---------
---------
Shareholders funds
113,189
108,539
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 2 November 2023 , and are signed on behalf of the board by:
Mrs H Klein
Director
Company registration number: 03384859
FROHWEIN'S (FACTORY) LIMITED
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2021: 4 ).
5. Debtors
2022
2021
£
£
Trade debtors
226,508
312,364
Amounts owed by group undertakings and undertakings in which the company has a participating interest
324,757
87,445
Other debtors
8,169
38,528
---------
---------
559,434
438,337
---------
---------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
34,167
44,167
Trade creditors
10,884
8,446
Corporation tax
870
Social security and other taxes
1,439
1,456
Other creditors
423,289
283,376
---------
---------
470,649
337,445
---------
---------
7. Summary audit opinion
The auditor's report for the year dated 2 November 2023 was unqualified .
The senior statutory auditor was Phillip Smulovitch , for and on behalf of GK & Co. LLP .
8. Controlling party
The ultimate parent company is Richtone Developments Ltd, a company incorporated in British Virgin Islands.