IRIS Accounts Production v23.3.0.418 07896559 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure078965592022-03-31078965592023-03-31078965592022-04-012023-03-31078965592021-03-31078965592021-04-012022-03-31078965592022-03-3107896559ns16:EnglandWales2022-04-012023-03-3107896559ns15:PoundSterling2022-04-012023-03-3107896559ns11:Director12022-04-012023-03-3107896559ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107896559ns11:SmallEntities2022-04-012023-03-3107896559ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3107896559ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107896559ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107896559ns11:FullAccounts2022-04-012023-03-310789655912022-04-012023-03-3107896559ns11:Director22022-04-012023-03-3107896559ns11:RegisteredOffice2022-04-012023-03-3107896559ns6:CurrentFinancialInstruments2023-03-3107896559ns6:CurrentFinancialInstruments2022-03-3107896559ns6:ShareCapital2023-03-3107896559ns6:ShareCapital2022-03-3107896559ns6:RetainedEarningsAccumulatedLosses2023-03-3107896559ns6:RetainedEarningsAccumulatedLosses2022-03-3107896559ns6:NetGoodwill2022-04-012023-03-3107896559ns6:PlantMachinery2022-04-012023-03-3107896559ns6:FurnitureFittings2022-04-012023-03-3107896559ns6:ComputerEquipment2022-04-012023-03-3107896559ns6:NetGoodwill2022-03-3107896559ns6:NetGoodwill2023-03-3107896559ns6:NetGoodwill2022-03-3107896559ns6:PlantMachinery2022-03-3107896559ns6:FurnitureFittings2022-03-3107896559ns6:ComputerEquipment2022-03-3107896559ns6:PlantMachinery2023-03-3107896559ns6:FurnitureFittings2023-03-3107896559ns6:ComputerEquipment2023-03-3107896559ns6:PlantMachinery2022-03-3107896559ns6:FurnitureFittings2022-03-3107896559ns6:ComputerEquipment2022-03-3107896559ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107896559ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107896559ns11:Director112022-03-3107896559ns11:Director112021-03-3107896559ns11:Director112022-04-012023-03-3107896559ns11:Director112021-04-012022-03-3107896559ns11:Director112023-03-3107896559ns11:Director112022-03-31078965592ns11:Director22022-03-31078965592ns11:Director22021-03-31078965592ns11:Director22022-04-012023-03-31078965592ns11:Director22021-04-012022-03-31078965592ns11:Director22023-03-31078965592ns11:Director22022-03-31
REGISTERED NUMBER: 07896559 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

F and R Products Limited

F and R Products Limited (Registered number: 07896559)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

F and R Products Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Hermans
Mrs S J Fullstone MAAT, ATT





REGISTERED OFFICE: Unit 12
Blackdown Business Park
Wellington
Somerset
TA21 8ST





REGISTERED NUMBER: 07896559 (England and Wales)





ACCOUNTANTS: A Plus Accountancy & Business Solutions Limited
The Counting House
Tonedale Business Park
Wellington
Somerset
TA21 0AW

F and R Products Limited (Registered number: 07896559)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,367 16,168
13,367 16,168

CURRENT ASSETS
Stocks 6 170,818 125,112
Debtors 7 90,272 96,765
Cash at bank 202,547 164,550
463,637 386,427
CREDITORS
Amounts falling due within one year 8 176,191 131,084
NET CURRENT ASSETS 287,446 255,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,813

271,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,713 271,411
SHAREHOLDERS' FUNDS 300,813 271,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

F and R Products Limited (Registered number: 07896559)

Balance Sheet - continued
31 March 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





G Hermans - Director


F and R Products Limited (Registered number: 07896559)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

F and R Products Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 33,500
AMORTISATION
At 1 April 2022
and 31 March 2023 33,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

F and R Products Limited (Registered number: 07896559)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant & Fixtures Office
machinery & fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 3,425 21,815 15,897 41,137
Additions 482 19 - 501
At 31 March 2023 3,907 21,834 15,897 41,638
DEPRECIATION
At 1 April 2022 2,070 14,089 8,810 24,969
Charge for year 368 1,162 1,772 3,302
At 31 March 2023 2,438 15,251 10,582 28,271
NET BOOK VALUE
At 31 March 2023 1,469 6,583 5,315 13,367
At 31 March 2022 1,355 7,726 7,087 16,168

6. STOCKS
31.3.23 31.3.22
£    £   
Closing stock 50,508 50,039
Work in progress 30,956 21,275
Finished goods 86,309 50,298
Payments on account 3,045 3,500
170,818 125,112

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 86,174 93,510
Other debtors 480 -
Prepayments 3,618 3,255
90,272 96,765

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Payments on account 30,287 14,981
Trade creditors 74,206 32,566
Tax 14,401 26,713
Social security & other tax 1,816 1,630
VAT 16,982 15,759
Other creditors 31,460 31,966
Directors' current accounts 3,902 4,823
Accrued expenses 3,137 2,646
176,191 131,084

F and R Products Limited (Registered number: 07896559)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
C Waller
Balance outstanding at start of year - (90,923 )
Amounts advanced - 90,923
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

G Hermans
Balance outstanding at start of year (3,424 ) (5,505 )
Amounts advanced 16,581 2,081
Amounts repaid (15,688 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,531 ) (3,424 )

Mrs S J Fullstone MAAT, ATT
Balance outstanding at start of year (1,400 ) (20,113 )
Amounts advanced 13,941 18,713
Amounts repaid (13,912 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,371 ) (1,400 )

F and R Products Limited

Report of the Accountants to the Directors of
F and R Products Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A Plus Accountancy & Business Solutions Limited
The Counting House
Tonedale Business Park
Wellington
Somerset
TA21 0AW


Date: .............................................