1 August 2022 false No description of principal activity Taxfiler 2023.10 05550908business:PrivateLimitedCompanyLtd2022-08-012023-07-31 055509082022-07-31 055509082022-08-012023-07-31 05550908business:AuditExemptWithAccountantsReport2022-08-012023-07-31 05550908business:FilletedAccounts2022-08-012023-07-31 055509082023-07-31 055509082022-07-31 05550908core:WithinOneYear2023-07-31 05550908core:WithinOneYear2022-07-31 05550908core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 05550908core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 05550908core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 05550908core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 05550908core:PreviouslyStatedAmount2023-07-31 05550908core:PreviouslyStatedAmount2022-07-31 05550908business:SmallEntities2022-08-012023-07-31 05550908business:Director22022-08-012023-07-31 05550908countries:EnglandWales2022-08-012023-07-31 05550908business:RegisteredOffice2022-08-012023-07-31 05550908core:PlantMachinery2022-08-012023-07-31 05550908core:MotorVehicles2022-08-012023-07-31 05550908core:ComputerEquipment2022-08-012023-07-31 05550908core:PlantMachinery2022-07-31 05550908core:MotorVehicles2022-07-31 05550908core:ComputerEquipment2022-07-31 05550908core:PlantMachinery2023-07-31 05550908core:MotorVehicles2023-07-31 05550908core:ComputerEquipment2023-07-31 05550908business:OrdinaryShareClass12022-08-012023-07-31 05550908business:OrdinaryShareClass12021-08-012022-07-31 055509082021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05550908 (England and Wales)
Frangus Limited Unaudited accounts for the year ended 31 July 2023
Frangus Limited Unaudited accounts Contents
Page
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Frangus Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,008 
2,584 
Current assets
Debtors
34,315 
19,342 
Cash at bank and in hand
8,247 
6,961 
42,562 
26,303 
Creditors: amounts falling due within one year
(22,998)
(14,866)
Net current assets
19,564 
11,437 
Net assets
23,572 
14,021 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
23,570 
14,019 
Shareholders' funds
23,572 
14,021 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Mrs J S Thomson Director Company Registration No. 05550908
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Frangus Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Frangus Limited is a private company, limited by shares, registered in England and Wales, registration number 05550908. The registered office is Halfway House, Jubilee Road, Mitcheldean, Gloucestershire, GL17 0EE.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
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
25% on cost
Motor vehicles
25% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
12,220 
7,795 
20,721 
40,736 
Additions
643 
- 
4,764 
5,407 
At 31 July 2023
12,863 
7,795 
25,485 
46,143 
Depreciation
At 1 August 2022
9,790 
7,795 
20,567 
38,152 
Charge for the year
2,243 
- 
1,740 
3,983 
At 31 July 2023
12,033 
7,795 
22,307 
42,135 
Net book value
At 31 July 2023
830 
- 
3,178 
4,008 
At 31 July 2022
2,430 
- 
154 
2,584 
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Frangus Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,007 
15,071 
Accrued income and prepayments
4,308 
4,271 
34,315 
19,342 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,896 
4,948 
Trade creditors
222 
- 
Taxes and social security
14,164 
8,263 
Loans from directors
166 
175 
Accruals
1,550 
1,480 
22,998 
14,866 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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