IRIS Accounts Production v23.3.1.45 06975725 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069757252022-07-31069757252023-07-31069757252022-08-012023-07-31069757252021-07-31069757252021-08-012022-07-31069757252022-07-3106975725ns10:Originalns15:EnglandWales2022-08-012023-07-3106975725ns14:PoundSterlingns10:Original2022-08-012023-07-3106975725ns10:Originalns10:Director12022-08-012023-07-3106975725ns10:Original2022-08-012023-07-3106975725ns10:Original2023-07-3106975725ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3106975725ns10:Originalns10:SmallEntities2022-08-012023-07-3106975725ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3106975725ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3106975725ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3106975725ns10:Originalns10:FullAccounts2022-08-012023-07-3106975725ns10:Originalns10:RegisteredOffice2022-08-012023-07-3106975725ns10:Original2022-07-3106975725ns10:Originalns5:CurrentFinancialInstruments2023-07-3106975725ns10:Originalns5:CurrentFinancialInstruments2022-07-3106975725ns5:ShareCapitalns10:Original2023-07-3106975725ns5:ShareCapitalns10:Original2022-07-3106975725ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3106975725ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3106975725ns10:Originalns5:PlantMachinery2022-08-012023-07-3106975725ns10:Originalns5:FurnitureFittings2022-08-012023-07-3106975725ns10:Originalns5:ComputerEquipment2022-08-012023-07-3106975725ns10:Original2021-08-012022-07-3106975725ns10:Originalns5:PlantMachinery2022-07-3106975725ns10:Originalns5:FurnitureFittings2022-07-3106975725ns10:Originalns5:ComputerEquipment2022-07-3106975725ns10:Original2022-07-3106975725ns10:Originalns5:PlantMachinery2023-07-3106975725ns10:Originalns5:FurnitureFittings2023-07-3106975725ns10:Originalns5:ComputerEquipment2023-07-3106975725ns10:Originalns5:PlantMachinery2022-07-3106975725ns10:Originalns5:FurnitureFittings2022-07-3106975725ns10:Originalns5:ComputerEquipment2022-07-3106975725ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3106975725ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 06975725 (England and Wales)












FROGHOP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






FROGHOP LIMITED (REGISTERED NUMBER: 06975725)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FROGHOP LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: S Haighton-Williams





REGISTERED OFFICE: 2a Manor Way
WOKING
Surrey
GU22 9JX





REGISTERED NUMBER: 06975725 (England and Wales)





ACCOUNTANTS: HPCA Limited
Station House
Connaught Road
Brookwood
Woking
Surrey
GU24 0ER

FROGHOP LIMITED (REGISTERED NUMBER: 06975725)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,323 50,641

CURRENT ASSETS
Debtors 5 79,862 35,140
Cash at bank 15,250 20,851
95,112 55,991
CREDITORS
Amounts falling due within one year 6 (299,381 ) (38,506 )
NET CURRENT (LIABILITIES)/ASSETS (204,269 ) 17,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

(169,946

)

68,126

PROVISIONS FOR LIABILITIES - (8,736 )
NET (LIABILITIES)/ASSETS (169,946 ) 59,390

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings (169,957 ) 59,379
SHAREHOLDERS' FUNDS (169,946 ) 59,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FROGHOP LIMITED (REGISTERED NUMBER: 06975725)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 12 February 2024 and were signed by:





S Haighton-Williams - Director


FROGHOP LIMITED (REGISTERED NUMBER: 06975725)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Froghop 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.

The accounts have been prepared on a going concern basis although the company made a loss for the financial year of £291,593 and at the balance sheet date the company's liabilities exceeded its assets by £232,203. During the financial year the company experienced disruption to its business arising from the death of its Founder in September 2022. Steps have been taken to restructure the business and the director anticipates that the company will return to profitable trading in the foreseeable future. The director, who is the main creditor, has confirmed their intention not to seek repayment of their loan account balance in such a way as to undermine the company's ability to meet its debts as they fall due.

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 - Straight line over 5 years
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.


FROGHOP LIMITED (REGISTERED NUMBER: 06975725)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

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 5 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 29,266 50,966 13,275 93,507
Additions 1,235 - - 1,235
At 31 July 2023 30,501 50,966 13,275 94,742
DEPRECIATION
At 1 August 2022 18,290 18,638 5,938 42,866
Charge for year 4,704 10,194 2,655 17,553
At 31 July 2023 22,994 28,832 8,593 60,419
NET BOOK VALUE
At 31 July 2023 7,507 22,134 4,682 34,323
At 31 July 2022 10,976 32,328 7,337 50,641

FROGHOP LIMITED (REGISTERED NUMBER: 06975725)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 16,035 16,435
Tax - 15,318
Prepayments and accrued income 1,570 3,387
17,605 35,140

Amounts falling due after more than one year:
Deferred tax asset 62,257 -

Aggregate amounts 79,862 35,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,551 16,117
Social security and other taxes 7,306 2,678
VAT 4,452 72
Other creditors 2,051 13,731
Directors' current accounts 274,171 4,458
Accrued expenses 1,850 1,450
299,381 38,506