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REGISTERED NUMBER: 09840389 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FRAME BUILD SPECIALISTS LIMITED

FRAME BUILD SPECIALISTS LIMITED (REGISTERED NUMBER: 09840389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FRAME BUILD SPECIALISTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J M Bassett





REGISTERED OFFICE: 10 Worsley Place
Theale
Reading
RG7 5QP





REGISTERED NUMBER: 09840389 (England and Wales)





ACCOUNTANTS: Clearwater Accountancy Limited
10 Worsley Place
Theale
Reading
RG7 5QP

FRAME BUILD SPECIALISTS LIMITED (REGISTERED NUMBER: 09840389)

ABRIDGED BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 26,314

CURRENT ASSETS
Debtors 135,000 -
Cash at bank 16,436 65,658
151,436 65,658
CREDITORS
Amounts falling due within one year 68,770 35,825
NET CURRENT ASSETS 82,666 29,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,666

56,147

CREDITORS
Amounts falling due after more than one
year

-

(24,000

)

PROVISIONS FOR LIABILITIES 5 - (4,553 )
NET ASSETS 82,666 27,594

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,566 27,494
SHAREHOLDERS' FUNDS 82,666 27,594

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 director acknowledges his 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.

FRAME BUILD SPECIALISTS LIMITED (REGISTERED NUMBER: 09840389)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





J M Bassett - Director


FRAME BUILD SPECIALISTS LIMITED (REGISTERED NUMBER: 09840389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Frame Build Specialists 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.

Going concern
There are no material uncertainties that cast doubt upon the Company's ability to continue as a going concern.

During 2020/21 and then into 2021/22, COVID-19 has had an impact on the business, involving increased costs to perform work commissioned by customers. However the Company has sufficient cash and reserves available to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2022 - 1 ) .

FRAME BUILD SPECIALISTS LIMITED (REGISTERED NUMBER: 09840389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 38,666
Disposals (35,185 )
At 31 March 2023 3,481
DEPRECIATION
At 1 April 2022 12,352
Charge for year 8,797
Eliminated on disposal (17,668 )
At 31 March 2023 3,481
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 26,314

5. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances - 4,553

Deferred
tax
£   
Balance at 1 April 2022 4,553
Credit to Income Statement during year (4,553 )
Balance at 31 March 2023 -

6. RELATED PARTY DISCLOSURES

Included in Other creditors as at 31 March 2023 is the amount of £Nil (2022: £6,015) owed to the Director J M Bassett.

The Board of Directors considers that J M Bassett is the controlling party of the company.