Company Registration No. 05550908 (England and Wales)
Frangus Limited
Unaudited accounts
for the year ended 31 July 2023
Frangus Limited
Unaudited accounts
Contents
Frangus Limited
Statement of financial position
as at 31 July 2023
Tangible assets
4,008
2,584
Cash at bank and in hand
8,247
6,961
Creditors: amounts falling due within one year
(22,998)
(14,866)
Net current assets
19,564
11,437
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
Frangus Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention.
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
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
At 31 July 2023
830
-
3,178
4,008
At 31 July 2022
2,430
-
154
2,584
Frangus Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
30,007
15,071
Accrued income and prepayments
4,308
4,271
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,164
8,263
Loans from directors
166
175
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).