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REGISTERED NUMBER: 09996453 (England and Wales)















FRANCE & ASSOCIATES LTD

Unaudited Financial Statements for the Year Ended 28 February 2023






FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRANCE & ASSOCIATES LTD

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr J France
Mrs R L France





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 09996453 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,136 9,242

CURRENT ASSETS
Debtors 5 137,029 113,720
Cash at bank and in hand 124,888 75,826
261,917 189,546
CREDITORS
Amounts falling due within one year 6 (204,958 ) (106,804 )
NET CURRENT ASSETS 56,959 82,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,095

91,984

CREDITORS
Amounts falling due after more than one
year

7

(30,833

)

(40,834

)

PROVISIONS FOR LIABILITIES 9 (3,483 ) (1,756 )
NET ASSETS 36,779 49,394

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 36,777 49,392
36,779 49,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





Mr J France - Director


FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

Notes to the Financial Statements
for the year ended 28 February 2023


1. STATUTORY INFORMATION

France & Associates Ltd 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 shown in the accounts is amounts invoiced during the year plus any work in progress, 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Government grants
Government grants relate to interest for the interest free period on the Bounce
Back loan. The income has been matched to the period in which the costs relate.

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.

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.

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 31,671
Additions 10,847
At 28 February 2023 42,518
DEPRECIATION
At 1 March 2022 22,429
Charge for year 5,953
At 28 February 2023 28,382
NET BOOK VALUE
At 28 February 2023 14,136
At 28 February 2022 9,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,391 103,772
Other debtors 17,638 9,948
137,029 113,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,167
Trade creditors 18,776 14,184
Taxation and social security 84,338 77,682
Other creditors 91,844 5,771
204,958 106,804

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,833 40,834

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 834

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 40,833 50,001

Secured debts represents assistance received under the Bounce Back loan scheme which was granted by the Government.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,483 1,756

Deferred
tax
£   
Balance at 1 March 2022 1,756
Charge to Income Statement during year 1,727
Balance at 28 February 2023 3,483

10. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £90,784 (2022: £4,659) were outstanding at the year end.