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REGISTERED NUMBER: 06966848 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

FRAME 25 LIMITED

FRAME 25 LIMITED (REGISTERED NUMBER: 06966848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRAME 25 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr T M Pammenter
Mr S Abu-Alwan





SECRETARY: Mrs S R Pammenter





REGISTERED OFFICE: 5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF





REGISTERED NUMBER: 06966848 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

FRAME 25 LIMITED (REGISTERED NUMBER: 06966848)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,150 18,199
Investments 5 165,888 888
238,038 19,087

CURRENT ASSETS
Debtors 6 2,127,977 1,821,558
Cash at bank 663,907 553,037
2,791,884 2,374,595
CREDITORS
Amounts falling due within one year 7 1,745,207 1,072,012
NET CURRENT ASSETS 1,046,677 1,302,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,284,715

1,321,670

CREDITORS
Amounts falling due after more than one year 8 (71,609 ) (70,000 )

PROVISIONS FOR LIABILITIES (10,654 ) (2,512 )
NET ASSETS 1,202,452 1,249,158

CAPITAL AND RESERVES
Called up, fully paid share capital 100 100
Retained earnings 1,202,352 1,249,058
SHAREHOLDERS' FUNDS 1,202,452 1,249,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr T M Pammenter - Director


FRAME 25 LIMITED (REGISTERED NUMBER: 06966848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Frame 25 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

FRAME 25 LIMITED (REGISTERED NUMBER: 06966848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 19,473 44,458 29,529 93,460
Additions 798 64,045 7,634 72,477
At 30 June 2023 20,271 108,503 37,163 165,937
DEPRECIATION
At 1 July 2022 13,569 37,053 24,639 75,261
Charge for year 2,476 13,223 2,827 18,526
At 30 June 2023 16,045 50,276 27,466 93,787
NET BOOK VALUE
At 30 June 2023 4,226 58,227 9,697 72,150
At 30 June 2022 5,904 7,405 4,890 18,199

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 888 888
Other investments not loans 165,000 -
165,888 888

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 888
NET BOOK VALUE
At 30 June 2023 888
At 30 June 2022 888

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Classic car 165,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,616,855 1,470,110
Amounts owed by group undertakings 198 1,364
Other debtors 510,924 350,084
2,127,977 1,821,558

FRAME 25 LIMITED (REGISTERED NUMBER: 06966848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,670 20,000
Hire purchase contracts 17,079 -
Trade creditors 757,490 560,231
Taxation and social security 357,790 187,710
Other creditors 595,178 304,071
1,745,207 1,072,012

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 51,684 70,000
Hire purchase contracts 19,925 -
71,609 70,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,004 -
Invoice financing 554,776 241,909
591,780 241,909

There is a charge in favour of Santander UK PLC dated 20 October 2021 which is secured by a fixed and floating charge over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the amount due from a director was £145,682 (2022 - nil) interest has been charged on the loan at the HMRC official rate and the loan was repaid within 9 months of the year end.