Froom Service Limited 13636546 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of cleaning services. Digita Accounts Production Advanced 6.30.9574.0 true true 13636546 2022-10-01 2023-09-30 13636546 2023-09-30 13636546 core:CurrentFinancialInstruments 2023-09-30 13636546 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 13636546 bus:SmallEntities 2022-10-01 2023-09-30 13636546 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 13636546 bus:FullAccounts 2022-10-01 2023-09-30 13636546 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 13636546 bus:RegisteredOffice 2022-10-01 2023-09-30 13636546 bus:Director1 2022-10-01 2023-09-30 13636546 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13636546 countries:EnglandWales 2022-10-01 2023-09-30 13636546 2021-09-22 2022-09-30 13636546 2022-09-30 13636546 core:CurrentFinancialInstruments 2022-09-30 13636546 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 13636546

Froom Service Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Froom Service Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Froom Service Limited

(Registration number: 13636546)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

4,806

164

Cash at bank and in hand

 

1,449

4,612

 

6,255

4,776

Creditors: Amounts falling due within one year

5

(4,819)

(4,959)

Net assets/(liabilities)

 

1,436

(183)

Capital and reserves

 

Called up share capital

3

3

Retained earnings

1,433

(186)

Shareholders' funds/(deficit)

 

1,436

(183)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 February 2024 and signed on its behalf by:
 

.........................................
G Chandley
Director

 

Froom Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Thorpe House
27 Bath Road
Frome
Somerset
BA11 2HJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Froom Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 0).

4

Debtors

2023
£

2022
£

Trade debtors

3,006

164

Other debtors

1,800

-

4,806

164

 

Froom Service Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

1,897

Taxation and social security

358

-

Accruals and deferred income

1,742

1,620

Other creditors

2,383

1,442

Corporation tax

336

-

4,819

4,959